Who's the worst boss in the US?
A new report takes Dish Network's founder and chairman Charles Ergen to task for treatment of the company's employees.
Bad bosses aren't uncommon, but according to one report there's one that stands a head above (or should it be below?) the rest of America's managers: Dish Network (DISH) Chairman Charles Ergen.
Ergen, with an estimated net worth of $9 billion, doesn't allow its employees to have company credit cards -- and for many years would deduct money from an employee's paycheck if they tipped more than 15%, according to Bloomberg Businessweek.
Expecting workers at their desks no later than 9 a.m., Dish previously used identification badges for entry to its headquarters. But after noting that some workers were asking colleagues to "badge-in" for them, Ergen reportedly had the company switch over to fingerprint scanners.
"Multiple ex-employees say it’s not uncommon to see Ergen publicly berate an executive for scanning in a few minutes late," the article notes, "even if that executive had spent the previous 12 hours at home working through the night."
Ergen isn't warm and fuzzy to Wall Street, either. Sanford C. Bernstein analyst Craig Moffett tells Businessweek that when he first started in his job, he asked to fly to Denver to meet with Dish's management. Dish responded, "We’re too busy creating value around here to sit down and talk about it. Thanks but no thanks.”
Despite his critics, Ergen's focus appears to have helped the company's bottom line: Dish has beaten estimates for five out of the last eight quarters, and its stock jumped 27% last year.
A spokesman for Dish told the New York Post, "It is a challenging place to work." He added that Dish is a "cost-conscious company", where executives are required to share hotel rooms when they travel.
Since Ergen stepped down as chief executive, the company has relaxed some policies: for instance, it's now acceptable to leave a 17% tip without getting your paycheck dinged.
On employment site Glassdoor.com, Dish receives only 2.2 stars out of 5, based on roughly 600 reviews from employees. That means its workers are "dissatisfied." But one recent reviewer, who awarded Dish just one star, wrote, "Joe Clayton (CEO) put us up to upgrading our score."
A Dish spokesman tells MSN Money Now that Clayton has encouraged employees to read the Businessweek article and add reviews to the employment site. According to an excerpt from the memo, Clayton wrote, "If you are happy here at DISH, and believe the company is moving in the right direction, log on to glassdoor.com (here) and provide feedback."
The spokesman adds, "It's Joe's regular practice to solicit direct feedback -- good and bad -- from employees so we can improve the business. This is an effort we take very seriously."
More on Money Now
I cut my Dish back to bare bone basic, from 80 a month down to 11.00 and got NetFlix, love it.
Keep kicking the unions down, soon all bosses will get away with being a jerk!
The guy is running his business the way he feels he needs to to be profitable for his employees and for his stock holders. I would like to remind everyone that this still a free country and we can work for the man or work for ourselves, it's called freedom. If a employer wants to treat his employees wrong then quit, I hear that google lets people ride scooters at work and act like kids at a playground, go apply
My employees are told when they are hired how things work and what the rules are, take it our leave it. Just be expected to follow them.
Grow up America be responsible
I was going to say Clinton, then Obama and maybe Biden were the worst bosses, never at work and always tying to keep straight just which lie they told to who would just wear you out!
Did you know sensitive is so over rated and is something that only liberals care about!
you really want your doctor crying while operating on you or the banker and sheriff crying while taking your home away from you and cuffing you.....no you don't so grow a pair and man you you 90's left behind crybabies with Obama being so sensitive you think he'd care to balance the budget and get spending under control, not raise taxes on anyone and end the war!!
But he's not !
His attitude carries over to customer service which is why I left Dish a few years ago for another TV service provider.
Since when should ANYONE be paid for time not spent on the job? I always felt that I was late for work if I wasn't 20 minutes early to relax a little bit from the commute and ready myself for the job at hand.
I say, he's just doing HIS job. Grow up and be responsible people, or move over for someone who would be happy to take your place. If I ever caught an employee "punching in" for someone else, they'd both be out on their asses immediately.
He sounds a lot like Tom Formicola with Medtronic.
Hmm, Tommy ya have a brother out there.
Why a CEO would be worrying when folkspunch in is beyond me. I'm sure he has more important things to do like run the company. He has many subordinates below him that should address the issue
he has many other issues not posted that give him the title of worst CEO not listed.... just google..
you don't have to be smart to be a CEO just have familt entitlements passed down or around.
There are a lot of mean,nasty,bad CEOs or upper level Executives..Some have been mentioned here.
I've found sometimes that I am, my own worst boss; But seldom do I let anyone know...
All the others will get their's someday...
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] Equity indices have taken a couple steps back from their opening highs, with the Nasdaq (+0.3%) slipping behind the S&P 500 (+0.4%).
The benchmark index currently hovers in the middle of its range, but the tech sector, which displayed early strength, has narrowed its gain to 0.3%. Other heavily-weighted groups like financials (+0.1%) and health care (+0.2%) also trail the broader market. The consumer discretionary space (+0.7%), meanwhile, continues trading ahead of ... More
More Market News
The company has made at least 4 acquisitions in the space, and few people have paid any attention.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'