I don't argue that it's 'uncommon', carol, I argue that it doesn't make good fiscal sense. If the company isn't doing well in sales, maintaining a losing sales strategy isn't very smart. The idiots in management couldn't find their Twinkies with both hands in their pockets, and they deserve a 300% raise, while the grunts following management's prescription for failure have to take pay cut after pay cut, and watch their contracted retirement disappear?<quoted text>
CEOs getting a bonus when leaving their position after the company is sold isn't uncommon.
But risking having no job over taking a cut in pay when the product of the company you work for isn't doing well in sales isn't very smart. Especially when you were making $17 an hour. Earning $15,$14 or even $12 an hour is better than $0 an hour.
That's not 'smart' carol. That's rewarding incompetence and greed.