Thread regarding Cabela's Inc. layoffs


Writing on the wall with Cabela's last SEC 10K-A filing.

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Basically setting up each of the executives for a balloon payment once the company is sold. They get immediate vesting of all stock, a lump sum payout of 2.99 times their current salary, bonuses equal to their current levels, and full health coverage.

This was filed on 4/29/2016. This executive compensation wasn't part of the original corporate documents. So I'll let all of you put 2 and 2 together.

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14 replies (most recent on top)

Yes, Cabela's still does the employee surveys. From the sounds of it, the results were not good!

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Do they still have employees complete the Gall-Up survey to see how engaged you are in company?

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Cabela's pays millions for consultants. Maybe if the right leadership was in place, millions would not have to be spent as the leaders would actually do their job!.

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I totally agree with the last post! It is their greed and their lack of leadership and stupidity is what is going on!

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Greed. Do anyone care about hungry children or families that bust their butt everyday to barely get by? think about the children give some of your money to feed them and put shoes on their feet., buy them a hot dog at the fair, come on people it is the children our next generation that will suffer from your greed.

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Total greed to pay those outrageous salaries!

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This isn't ignorance, simply an eye into why we are in a very bad state and people are being pushed out to cover huge errors in judgement. Incredible and so sad. The peoplelistedhave driven it into the ground and have huge golden parachutes. It is what is wrong with america. It is why unions arise

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Please stop the ignorance! Some of you are just confirming that Cabelas is making the right choice. This lack of perspective and venom toward people that have nothing to do with these decisions is awful. It's magnified in Small town Sidney. Go work for any other publicly traded company and see what you appreciate then. This company is far from perfect...it's also very much like or better than the majority of companies out there. This is not 1975! The moment this company went public is the day we started to head down this path. No matter who the CEO is or was would have made much of a difference in avoiding this day. Your delusional if you feel otherwise. The shock comes from Sidney being insulated from the rest of the world for so long. This is the reality that most others have endured before in nearly every other part of the country.

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Key Executive Compensation CAB

Name/Title 2010 2011 2012 2013 2014

Key Executive Compensation 5,942,156 6,400,678 12,021,312 12,809,143 10,026,472

Thomas L. Millner/President and Chief Executive Officer 2,970,185 3,269,662 5,355,795 5,569,117 4,422,320

Ralph W. Castner/Executive Vice President and Chief Financial Officer 1,315,766 1,394,452 1,710,543 1,860,308 1,402,073

Brian J. Linneman/Executive Vice President and Chief Merchandising Officer 1,656,205 1,736,564 1,966,111 1,972,008 1,452,457

Scott K. Williams/Executive Vice President and Chief Marketing and E-Commerce Officer - - 1,601,975 1,633,669 1,376,434

Michael Copeland/Executive Vice President and Chief Operations Officer - - 1,386,888 1,774,041 1,373,188

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Sarah Kaiser is a joke. She has passed over the opportunity to hire true professionals in favor of friends who have absolutely no knowledge or experience. The only reason she is in the position she is in is because of her daddy.

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Check out USA Today -Money and type in the company name to find out salaries of top management.

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Yes all the people listed work at corporate. I could be wrong but only one of Dick and Mary's children work for Cabela's. I think they had a job at the Sidney distribution center.

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Do all these people work at corporate? Did any of Cabela's relatives work for the company?

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wow.

Looter City.

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In fiscal 2015, we paid $138,345 in salary to Matthew Highby, a son of Mr. Dennis Highby, a director. Mr. Matthew Highby was also granted equity awards with a grant date fair value (as determined in accordance with ASC 718) of $22,739. In fiscal 2015, Mr. Matthew Highby was also eligible to participate in all benefit programs generally available to employees and his compensation is commensurate with that of his peers.

In fiscal 2015, we paid $106,155 in salary to Kurtis Kaiser, a son-in-law of Mr. Dennis Highby, a director. Mr. Kaiser was also granted equity awards with a grant date fair value (as determined in accordance with ASC 718) of $21,352. In fiscal 2015, Mr. Kaiser was also eligible to participate in all benefit programs generally available to employees and his compensation is commensurate with that of his peers.

In fiscal 2015, we paid $150,324 in salary to Sarah Kaiser, a daughter of Mr. Dennis Highby, a director. Ms. Kaiser was also granted equity awards with a grant date fair value (as determined in accordance with ASC 718) of $51,439. In fiscal 2015, Ms. Kaiser was also eligible to participate in all benefit programs generally available to employees and her compensation is commensurate with that of her peers.

In fiscal 2015, we paid $103,696 in salary to Carter Kokjer, a son-in-law of Mr. Dennis Highby, a director. Mr. Kokjer was also granted equity awards with a grant date fair value (as determined in accordance with ASC 718) of $19,966. In fiscal 2015, Mr. Kokjer was also eligible to participate in all benefit programs generally available to employees and his compensation is commensurate with that of his peers.

In fiscal 2015, we paid $141,105 in salary to Trent Santero, a son-in-law of Mr. Dennis Highby, a director. Mr. Santero was also granted equity awards with a grant date fair value (as determined in accordance with ASC 718) of $45,726. In fiscal 2015, Mr. Santero was also eligible to participate in all benefit programs generally available to employees and his compensation is commensurate with that of his peers.

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