Comments on: Glam Slashes Exec Compensation By Up To 60%, Everyone Else by 3%-15%

By: Glam Lands Top Yahoo Ad Exec Josh Jacobs

Glam Lands Top Yahoo Ad Exec Josh Jacobs — Mon, 12 Oct 2009 16:31:14 +0000

[...] some layoffs and performance cuts — but Arora says that some of their alternative measures like reducing executive pay helped prevent heavier losses. Now things are looking up: Glam turned profitable in September, and [...]

By: TopBlogs » Glam Media Looking To Aggregate, Monetize Twitter Applications

TopBlogs » Glam Media Looking To Aggregate, Monetize Twitter Applications — Sun, 28 Jun 2009 02:49:47 +0000

[...] is one of the fastest growing networks on the Web. Like many other companies, it had its share of layoffs and other cutbacks following the economic downturn, and in an effort to conserve cash, Glam also recently slowed down [...]

By: Glam Media、$10Mの資金調達―5年で5回目

Glam Media、$10Mの資金調達―5年で5回目 — Mon, 06 Apr 2009 18:54:12 +0000

[...] 昨年、われわれはGlam Mediaが提携しているサイト運営者に対してアフィリテイト料の支払いを遅らせており、また大幅な賃金カットを行っているにもかかわらず、第4四半期の業績は「驚くほど良好」と主張していることを報じた。1ヶ月後、ComScoreの統計によると、Glam Mediaはアメリカでももっとも成長の速いウェブサイトの一つであることが判明した。またGlamはディスプレイ広告ではアメリカ第9位の運営者で、月21億ページを表示している。 [...]

By: Glam Media Lands A $10 Million Round, Its Fifth in 5 Years

Glam Media Lands A $10 Million Round, Its Fifth in 5 Years — Mon, 06 Apr 2009 16:30:44 +0000

[...] year, we reported that Glam Media was slowing down payments to its publishers as well as making significant pay cuts although it self-reported its Q4 to have been ’surprisingly strong’. One month later, [...]

By: Glam Media Lands A $10 Million Round, Its Fifth in 5 Years | Tech Group

Glam Media Lands A $10 Million Round, Its Fifth in 5 Years | Tech Group — Mon, 06 Apr 2009 14:10:43 +0000

By: GlamがAdaptiveAdsをひっつかむ

GlamがAdaptiveAdsをひっつかむ — Thu, 29 Jan 2009 10:45:17 +0000

[...] この買収でGlamは20名の社員を引き受け、総社員数が200になる。これはレイオフや最近の経営縮小のあとに行われた買収劇だ。また、キャッシュの節約努力としてGlamは、パートナーのパブリッシャーサイトへの支払を遅らせている。 [...]

By: Glam Snaps Up AdaptiveAds

Glam Snaps Up AdaptiveAds — Thu, 29 Jan 2009 05:45:30 +0000

[...] Glam will be keeping 20 employees, bringing its total up to 200. This comes after layoffs and other recent cutbacks. Also, in an effort to conserve cash, Glam has slowed down payments to its partner publishing [...]

By: Major Pay Cuts Coming to Glam.com | FuckedStartups

Major Pay Cuts Coming to Glam.com | FuckedStartups — Tue, 06 Jan 2009 05:54:52 +0000

[...] The executive team will take a “25-60% reduction in pay” with an offsetting bonus based on performance should the economy not go as far south as people expect. CEO Samir Arora will be on the high end of the cut percentage. For staff salaries are being cut 3% – 15%, with the same offsetting commission plan. TechCrunch reports it here. [...]

By: GFCounter

GFCounter — Sat, 20 Dec 2008 18:51:59 +0000

From the finance department: the highest salary is $199,000 today.

By: Glam Media Cuts Back On Salaries; GlamX Exchange Flounders

Glam Media Cuts Back On Salaries; GlamX Exchange Flounders — Fri, 19 Dec 2008 20:45:55 +0000

[...] reported yesterday by Mike Arrington of TechCrunch, Glam Media is scaling back its expenses according to internal [...]

By: Kevin Weatherman

Fri, 19 Dec 2008 19:46:49 +0000

Are salary cuts better than layoffs?

By: hasaclue

hasaclue — Fri, 19 Dec 2008 19:18:58 +0000

Except for some execs making almost $500K/year not counting bonuses and commissions.

By: hasaclue

hasaclue — Fri, 19 Dec 2008 19:17:06 +0000

Already reduced start up rates.

By: man

man — Fri, 19 Dec 2008 15:16:59 +0000

I know more than you think, I’m glad you are supportive, and that people are working hard, but it wouldn’t change the reality. Its time to cut deep. The company is not cash flow positive and in this market will never be unless BIG changes are made.

By: Anita Bruzzese

Anita Bruzzese — Fri, 19 Dec 2008 13:43:27 +0000

@valleymonger: Let me just clarify that I never said pay cuts were “good” or “bad”. I was merely observing that it might be the beginning of a trend, fueled by the “perception” of what seems “right” and “wrong” these days regarding executive compensation.
Very interesting post and comments.

By: Dave

Dave — Fri, 19 Dec 2008 13:27:17 +0000

Bill – take your conservative misinformation campaign somewhere else. That $72 number has been discredited for weeks. It includes the cost of healthcare and pensions for retirees, among other things. It is not the wage for autoworkers in the US – it is the overall compensation and benefits expense for all current and former employees. It is not apples to apples compared to Toyota, who has relatively fewer legacy retirees etc. in the US owing to the fact that they only recently had any staff/etc. here.

MBOs and performance comp is a good idea, not just for Glam. As long as companies actually define the scorecards to measure them correctly and the things that they are incentivizing are good for the company. Even better is if they actually pay them when they are met.

By: Bill

Bill — Fri, 19 Dec 2008 09:25:41 +0000

@valleymonger – i think you miss read michael’s article. looks like glam is moving part of the compensation to a mbo bonus based on total revenue generated. this is not a salary cut that the wise economists in uk are talking about. deflation is like in Japan, when prices are falling and it is cheaper to live. on salary cuts for steel or car workers, again you are off. if you read the analysis and why even bush wants the car companies to go into chapter 11 is that the wages due to unions cost us car companies $72 per hour, while toyota pays $38 per hour to happier workers in the us. needs to be fixed.

glam appears to be doing something different. they are surprised by the growth they are seeing, but want to run a tight ship. move to commissions is brilliant as it gets employees to all focus on sales which is good short term yet allows the company not to do layoffs. good for them.

By: JillK

JillK — Fri, 19 Dec 2008 07:24:40 +0000

Dan,

It may be a male vs female or strong vs weak principle. Cutting salaries is not the masculine thing to do — but lets not confuse it with strong or weak.

Laying off people is the weakest thing to do. It means passing responsibility that you made a mistake and it is now someone Else’s problem to solve. Look at Yahoo — do you think that ALL the 1,500 people they laid off are not “best” “useful” or “strong”. What a naive view of life! Ask or read any of the comments of the laid off Yahoo people. If you do not do priorities or performance based reviews and fire people when you have to, you loose great people along with any others when you don not want to.

“Swallow the bitter pill” is not done through a layoff, is done through continuous feedback and corrections and holistic support and corrections. The concept they used will make their employees work a lot harder. May be a feminine concept, but being nurturing yet being strong can powerful concept too.

By: Allison

Allison — Fri, 19 Dec 2008 07:11:52 +0000

man,

It is clear that you no nothing about Glam, their team or management. As a publisher in their network, I can assure you that your prediction is completely wrong. Why? Because they are honest about things with us and their employees.

All employees and management seem to be working their butts off. I heard a new employee or exec lasts 3-6 months maximum before they are a serious contributor, or they are simply asked to leave. We are treated well because people don’t think it is just a job. I wish Yahoo and Google would learn from this, where you can’t even get a call or email back.

I called today when I heard about their employee meeting wondering how the people I know were feeling. Was shocked to hear that they were emotional, full of gratitude and yet charged to help. This company has more ads than myspace or facebook and more revenue from brands and happy advertisers and publishers, yet they have less than a quarter of facebook employees- not much fat or friends or ceo or management.

@Peter, I agree. Employees know if they are being treated well. If they can keep their jobs and are treated with fairness. As a publisher, this all means more business for me in a downturn.

By: mount

mount — Fri, 19 Dec 2008 05:57:16 +0000

Are we talking 3-15% cuts for the staff from ‘market’ rates, or 3-15% cuts from already reduced start-up-type rates?

By: Joe Hunkins

Joe Hunkins — Fri, 19 Dec 2008 04:38:53 +0000

Kudos to management for taking the bigger hit. I predict the writers will recognize this is a smart move and will be OK because they are not bearing the bigger burden here. Risk and reward seem to be matched here, which is good stewardship.

By: Verte

Verte — Fri, 19 Dec 2008 03:30:13 +0000

Thanks you Glam http://tinyurl.com/4rdhmc

By: AdvertisingLocator.com

AdvertisingLocator.com — Fri, 19 Dec 2008 03:02:23 +0000

Pirating and pillaging on your own people. take the knife or walk the plank.

By: Randy

Randy — Fri, 19 Dec 2008 02:55:20 +0000

Smart move for any market- and sales-driven business. alas, portends that when they, say, acquire us (answerjam.com) or anyone else it’ll be stock, earn-outs and nothing hard. Bet they use the downtrend to start acquiring a bigger footprint.

By: dan

dan — Fri, 19 Dec 2008 02:43:53 +0000

Cutting salaries is generally a weak way out. Your best people leave because even in a weak economy, they still have options.

Sometimes you need to swallow the bitter pill and lay people off. Playing on some egalatarian notion might buy good will for a month, but that probably isn’t enough runway.

I do realize they announced a range and the all-stars are probably getting 3% haircuts. My comment is specific to the concept, not this particular instance.