tag:blogger.com,1999:blog-6615285628064623043.post2392246725716463470..comments2024-03-28T21:28:13.555-10:00Comments on Dead Tree Edition: Quad's Stock Price Drops 60% in Two Days -- and Now the Lawyers Are CirclingD. Eadward Treehttp://www.blogger.com/profile/01300353143826844617noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6615285628064623043.post-52318890034648509402020-05-01T18:15:47.682-10:002020-05-01T18:15:47.682-10:00Quad continually delayed raises,
and methodically ...Quad continually delayed raises,<br />and methodically laid off as extra duties were handed to experienced employees.<br />The entry level who they gave a raise were all laid off<br />and government susidised temporary employees were used in their place.<br />This created dangerous conditions, as the "new"employees were no shows about 50% of the time and workers were forced to work Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6615285628064623043.post-90462832246661153492020-05-01T18:02:46.990-10:002020-05-01T18:02:46.990-10:00It sure is hard to find the article where quad mis...It sure is hard to find the article where quad misleads all his investors by lying<br />You will not find anything about the morally bancrupt Quadrachi closing portland plant and promises to long term employees about severance(sub pay) Now they are using the pandemic as a reason to stop paying what was promised to them.<br />MORALLY BANCRUPT QUADRACHI!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6615285628064623043.post-29812536535387650282019-11-04T14:23:47.945-10:002019-11-04T14:23:47.945-10:00Was it unethical for Quad's management to not ...Was it unethical for Quad's management to not mention the breach of bank covenants as the reason for the dividend reduction on the earnings call? They published it in the 10K so it was a material part of the financial health of the company. Why was it not discussed? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6615285628064623043.post-13510708586536389232019-11-02T08:15:04.543-10:002019-11-02T08:15:04.543-10:00Some facts of what has happened at Quad that we th...Some facts of what has happened at Quad that we the public do not hear. <br />Quad delayed annual raises until September 2019. Typically raised are issued in the first or second quarter. 401k match was cut in half (fifteen cents on the dollar up to 6%) which was put into employees accounts in January 2019. Forced layoffs and reduced head counts have increased for the third quarter. This is in Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6615285628064623043.post-20503201575329998462019-11-01T11:29:24.642-10:002019-11-01T11:29:24.642-10:00I am not surprised by this at all. Not mentioned ...I am not surprised by this at all. Not mentioned in previous reports was a reduction of estimated 20% of the sales work force at Quad. With shelling out roughly 55-60 million in the failed takeover of LSC as well as the bribery charges something has to give.... Good luck in their efforts to find a buyer for their book business. My thought is no one will step forward to purchase the book Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6615285628064623043.post-44273109202361784922019-11-01T10:03:54.325-10:002019-11-01T10:03:54.325-10:00Good luck to Quad Graphics. Raising minimum pay ra...Good luck to Quad Graphics. Raising minimum pay rates and dealing with compression issues is both courageous and needed. It's only the first step, however, because if those new, better quality employees are Millenials and Gen Z's, they won't last if you can't engage them in a way that meets other needs than pay and benefits. That's step two. Step three is that the job of Anonymoushttps://www.blogger.com/profile/05677633726425342741noreply@blogger.com