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This Says It All

This Says It All

Literally, no shame

 

iHEART SKIPS ANOTHER INTEREST PAYMENT; APPROVES EXECUTIVE BONUSES

That headline, from All Access, sums up the past 30-40 years in Radio, and actually in most American business, and in Congress, which cuts support to those who most need it while voting themselves raises and perqs right and left.

iHEART MEDIA is bankrupt.

They not only cannot pay the debt they incurred to enrich a couple of dozen executives, they can’t even pay the interest on that debt.

Oh, but they have enough to approve millions of dollars in bonuses to the tiny few at the very top. Bob Pittman will reap bonuses of over $2.3 MILLION every quarter this year.

This should be shameful!

The fact that it’s not says everything you need to know about the America of today versus the America of a generation or two ago.

 

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