West Marine returned to profitability...

West Marine returned to profitability in '09

There are 3 comments on the Santa Cruz Sentinel story from Mar 17, 2010, titled West Marine returned to profitability in '09. In it, Santa Cruz Sentinel reports that:

Although sales declined for West Marine in 2009, the boating supply retailer generated a record cash flow in 2009, returned to profitability and paid off all debt, according to company statements Tuesday.

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informed employee

Portola Valley, CA

#1 Mar 17, 2010
Congradulations to a great local corporation. But is 7.6 million in bonuses really necessary ? How about 7.6 million in severance pay and $300,000 in bonuses. That would be better for the company image in this economy. Especially in an area with some of the highest unemployment in the country.
i hate west marine

Richmond, CA

#2 Mar 17, 2010
they stink and are way too costly!!!
Eugene V Debs

Santa Cruz, CA

#3 Mar 18, 2010
informed employee wrote:
Congradulations to a great local corporation. But is 7.6 million in bonuses really necessary ?
They'll say something like, "Harrumph, it's NECESSARY to retain executive talent." Yeh, right. Like, where else are they going to go these days?
No, when you control your own wages for you and "your guys", you darned well do what you want and put the burden on the little guys. Just about everywhere these days.

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