Build-A-Bear Workshop Inc. has fired Chief Operating Officer and President Scott Seay, and the company said it won't be paying him a severance package.Gee, I usually expect, "We jointly agreed that now was a good time for both ______ and the company to seek new directions." Or at least, "He wants to spend more time with his family."
The Overland-based stuffed toy animal retailer said Monday that the board of directors terminated Seay's employment effective Friday. The company would not disclose why it fired Seay, 45, who has held the two jobs since January 2007.
"The circumstances (of the firing) are not related to business operations or the company's performance," said Molly Salky, Build-A-Bear's director of investor relations. Seay, who was earning a base salary of $368,324, is not entitled to a severance package under termination provisions in his employment contract, and there will be no charge to Build-A-Bear's earnings, she said.
Tuesday, November 04, 2008
Trouble in teddy-bear land
There's a bit of mystery surrounding the firing of the President/COO of Build-A-Bear Workshops.
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5 comments:
It really IS a mystery. Scott is known to be a very kind, decent person. I was a store manager with the company, and I was fired lately. The company is firing managers left and right to cut costs, replacing them with much cheaper, younger part-time managers. Visit any store- you will see less employees there to help you than you used to, and they skew much younger. If you read the notes from their last earnings meeting, they admit they are getting rid of $500,000 worth of management. Factor in the $500,000+ a year BABW will save by firing Seay, and you have a $1mil a year savings. BABW sells themselves as a caring, decent organization, but they are not treating their managers that way. They are much more cutthroat behind the scenes than you'd think.
I too was a manager with Build-A-Bear and they really dont like men. They are removing them as quickly as possible. I am sure it has something to do with the amount of money the men make versus the women since most females come in asking for less. They are truly not as nice as they make out to be to managers.
I was a male manager as well. I know that I made less than my female counterparts, but I still felt quite a bit unwanted. I worked on the east coast and met other male staff that felt the same. I'm not a huge fan of the company itself, but I was a fan of Scott's. Always a nice guy when I saw him at our manager's meetings.
HMMM reading these comments make me believe all of the "quiet" rumors around the business that the Chairwoman is a lesbo may be true. I understand that her marrige has been one of convenience as to not tarnish the company immage.
HMMM reading these comments make me believe all of the "quiet" rumors around the business that the Chairwoman is a lesbo may be true. I understand that her marrige has been one of convenience as to not tarnish the company immage.
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