According to an industry source, in response to continued toxic atmosphere at Entercom Boston, including and especially at WEEI, Entercom Communications Corp President and CEO David Field will be in Boston on Friday to conduct a “town hall” style meeting with employees, presumably in an attempt to assuage hard feelings and improve morale. The source says the meeting is to tell employees that “everything is fine, and to enjoy the brand.”
Field is said to be taking questions from employees, but that such questions need to be submitted in advance.
With salaries being slashed everywhere in the radio business and notably at WEEI with the recent departures of Jon Meterparel, Glenn Ordway and Jon Rish, one wonders if the topic of Field’s own salary and compensation will come up.
According to documents filed to the SEC, Field’s salary in 2012 was $827,707 and on December 18th of 2012, he received a bonus of $1,008,000. In 2011, his salary was $803,599 and his bonus was $720,000.
His actual salary may be less of an issue than the fact it has gone up each year and that he also receives that annual cash performance-based bonus of up to 150% of his annual base salary. These types of compensation agreements are by no means unusual in the corporate world, but they do make things awkward when the CEO tries to motivate a disgruntled staff which has faced budget and salary cuts routinely over the last few years.
The meeting, should it take place, (EDIT – it IS happening)will be interesting, given Field’s somewhat odd history of attempts at motivating his staff. In January of 2012, after returning from an African safari, Field recounted the experience in a very odd and clueless email to employees, ending by urging them to bring their “A” games to work each day, just as the animals of the Serengeti do.
His father, Joseph M. Field founded Entercom in 1968.
Elsewhere in the Boston sports media world today – Jerry Remy reveals he was recently treated for recurrence of cancer