Sherrod Brown: “last week Levi Strauss laid off 6,400 workers, mostly women, most of…”

On the recordNovember 13, 1997

last week Levi Strauss laid off 6,400 workers, mostly women, most of them making between $5.50 and $7.50 an hour. But last year, according to the San Francisco Chronicle, Levi Strauss gave its No. 2 executive, Thomas Tusher, $105.8 million in stock options. Then it threw in another $21.5 million as a bonus to offset taxes. Mr. Speaker, 6,400 people lose their job, one executive gets $127 million. My colleagues have heard of golden parachutes? Well, this, Mr. Speaker, is a platinum parachute, and meanwhile 6,400 people are looking for work. This has got to stop.

Said by

Sherrod Brown

Democratic · Ohio

Source

govinfo.gov

Editor's note · Context

Addressing layoffs at Levi Strauss and executive compensation during a House floor speech.

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Sherrod Brown: “last week Levi Strauss laid off 6,400 workers, mostly women, most of them making between $5.50 and $7.50 an hour. But…”

Editor's note · Context