Sunday, April 20, 2008

The Nielsen Monster

Here is some interesting reading. It's Nielsen's SEC filing. Pay particular attention to the section titled Executive Compensation.

"Over the past seven years, the Nielsen Company has received at least $3.1-million in state and local subsidies to consolidate its Pinellas operations in a showcase facility in Oldsmar.

Much of that money was for creating high-wage local jobs.

Yet last year, Nielsen let go 240 Tampa-area employees, including many in Oldsmar. Now the company — formerly known as Nielsen Media Research — says the Oldsmar location is losing another 110 positions."

"OLDSMAR — City Council members expressed outrage Tuesday over the Nielsen Co.'s plans to eliminate 110 positions at their Oldsmar operation after accepting government money to create jobs.

"To think they have the gall to take taxpayers' money and then lay people off!" said council member Suzanne Vale. "I am so upset."

"It's just incomprehensible to me," agreed council member Janice Miller."

1 comment:

akesling said...

The city needs to rid themselves of the council people who drummed up this scheme. Follow the money and see what the council members got for allowing Nielson to come in and what they recieved after they renigged on the deal