Also, it said that it is offering a voluntary stock-for-salary deal to all of its employees, and that CEO David Moore, COO Tony Plesner, CFO Norman Blashka and exec VP Mark Moran are cashing in 20% in salary dollars for company stock.
Moore said the company is encouraged by the number of big-name companies seeking long-term service deals but readily acknowledged the painful downsizing his company and others in Internet media are experiencing.
``There is no small amount of pain involved in the kind of restructuring weâve recently completed,ââ Moore said. ``Now that weâve become such a lean organization, our senior executives are extremely bullish about the space in general and our company specifically. â¦ Weâre in this to make a profitable businessâand thatâs just what weâre going to do.ââ
--John Evan Frook