Wednesday, July 22, 2009


Many casino companies cut execs' pay in recession

The Associated Press
Posted Jul 21, 2009 @ 11:56 AM

ATLANTIC CITY, N.J. — Bosses aren't immune to the pay cuts sweeping the struggling casino industry.

While many gambling houses across the country have laid off hourly workers, and cut or frozen pay for those who remain, top executives are feeling the pain, too.

Many of the country's largest casino companies have cut pay for their executives and managers.

Harrah's Entertainment cut its managers' pay by 5 percent. Wynn Resorts cut pay 15 percent for managers making $150,000 or more, and 10 percent for the rest. And the Mohegan Tribal Authority cut bosses' pay by up to 10 percent in Connecticut and Pennsylvania.

In Atlantic City, the three Trump casinos, the Tropicana Casino and Resort, and Resorts Atlantic City all cut or froze

EDITORIAL FOOTNOTE: The Mohegan Tribal Council allegedly only took an eight (8%) decrease in pay while other executives of the Mohegan Sun Casino took up to an estimated ten (10%) percent pay cuts. Is this fair? Should the Tribal Council do more? How about the Council of Elders, how much was their pay cuts?

We (the Mohegan Tribe) need leaders. We need people who will step up and do the right thing for the Mohegan Tribe as well as our employees. The present Tribal Council, in my opinion, have failed us.

Think about the situation, we are finding ourselves in. Are we better off today, then we were four (4) years ago when the Tribal Councilors who are running for re-election took office? The answer is no. They have failed us. They need to go.

Should we show them our unhappiness at their performance? Should they go? Did they do the wrong thing, only taking a eight percent (8%) decrease? Should they go? What do you think?

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