AMC Gives Millions In Bonuses To Execs When 30k Employees Got Furloughed
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- čas přidán 28. 02. 2021
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Viewer Question: Blake - Hey John, Reuters is reporting that Adam Aron of AMC is getting an over 3 million dollar bonus and 100,000 to 500,000 bonus to the rest of the executive staff. Doesn’t this look bad for a company “struggling” and a company that was forced to lay off tons of minimum wage workers during the pandemic? I love AMC, but this is a very greedy and short sighted move in my opinion. What do you think?
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0:52 as soon as I saw John roll up his sleeves I knew sh*t was about to go down.
👿👀😜💪💪💪💪💪😂😂😂😂
I'm glad John mentions $266 for each person laid off.
I swear, this is reddest I've seen John's face in a while.
When the anger hit I was in awe, I've seen him yell on the show before but I think this is by far the angriest I've seen him. Loved every minute of it, speak your heart John
If he wasn’t wearing headphones smoke would coming out of his ears
Damn... haven’t seen John blow up like this since collider blew Sh*t up last year
Yeah, no kidding! haha
Since his rant on the snydercut
his commerical before movie rant was pretty epic too.
Fire Jack Hind
What’s funny is I just watched that video of him blowing up last year just the other day 😂
Good John good. Let the hate flow through you
Do it.
Gooooooood
I agree with John! Give that money to all the hard working people that gave their blood, sweat and tears to run the theatres only to be laid off! Some of those people are probably struggling to put food on the table for their families or pay the rent!
This is classic Campea right here. I've not seen this for a minute
Another epic John Campea rant for the history books. I also completely agree with him.
The ceo is already making 9 million you then give him 4 million as a special bouns? Really in these times?
If he jumps ship they're fucked. It's a "please don't abandon our failing industry." Bargain
AMC must be doing amazing business!
Of course! He's not making 8 figures :(
Maybe more people should aspire to be CEOs instead of expendable workers then
@@altaafkader9675 if everyone takes your advice then who's gonna do the actual day to day work?
*Last year will forever be a year to remembered, many of us got locked down and I think that is what made the market plummet as the economy and small, the large business started to die and went bankrupt*
Yes! For real It is very important to have different streams of income and a diversified portfolio as for me I have already invested in crypto which is very profitable and easy to gain
Exactly I'm also happy to start investing too than to have my money sleeping in the bank
Stocks are good but we have to make the right plans
Yes stocks are good but they are a lot of businesses more convenient than stocks
That’s the fact well I only invested in stocks and will love to know a better investment too
"Wow it doesn't sound like John is going to be angry about this, weird - Oh, shit, nevermind!"
Capt to John: it's time to get angry
John to capt: I am always angry
John hulk smash
He does that all the time lol
As an employee of AMC theatres who was furlowed 4 times during the pandemic. I love this
Not gonna lie as long as I've been a john campea fan so far this has been the best topic video I have ever watched lol
Yeah bro everything the question is real af not no theory or some bs and even Johns response to this was genuine af I'm tryna see more shit like this
Yeah when the man is passionate about a topic, it shows. I love it
3:11 I should’ve seen it coming but I jumped out of my chair
I figured he was gonna go off but damn I don't think I've seen him this heated lol
@@philipc4353 It was an epic angry rant. But John was 100%. It is disgusting that these execs get million dollar bonuses while they furlough their employees.
Bonus for what? Their business havent been open for over a year.
My local AMC hasn't been open since March 2020 and this executive is getting a bonus.
Exactly
@@countdooku7152 Some AMCs are open. The one I live near has been opened for months.
@@blackkcinamacritic Not sure if you are talking to me but I never specified Texas. I just said some AMCs because I don't live in California or New York. They may still be on lockdown.
The executives and CEO didn’t even do anything to pull them out of this hard time, did they? Wasn’t it all Reddit and the stock market?
Yep, Reddit's pushed allowed to dilute the stock (increase the number of stocks available to sell) and use that cash flow to sustain themselves. If they hadn't diluted it, the share would be worth double what it is now.
I was just thinking that. Just how deluded could these Executives be, that they're actually patting themselves on the back, as if they did anything, when it was redditors/the everyday guy who saved their company from bankruptcy... because LET'S NOT FORGET, just like with GameStop, AMC was was on its dying breath until their bacon was saved at the last minute. Talk about ungrateful insensitive pricks.
Yeah but like Rob said.....Which is really what I believe since it was an “incentive based “ that it may have and probably was a clause in their contract. The same way NFL and other sports teams get bonuses for making it to the playoffs,Champ Games,or reach certain numbers in a season.
I would have thought John could have at least acknowledged that being the possibility. Don’t get me wrong I love John. Been watching him since 2012 when he was with AMC.....Hell since he was dogging Laurel Lance the Canary in the Arrow Aftershow. lol. But I think he’s slightly off in this. Not because he’s not right for feeling that way. He is&I agree with him there but he does need to take a step back(if he didn’t) and consider that maybe because of the performance of the stock as of late.....it triggered their clause. I mean it could of been that the stock had to make 2 50% jumps in a 30 day span......Which it did....Or it could of been that the stock just had to reach 3x value within 2021 or even that __ amount of their debt be cleared. We don’t know. Also this is the most mad I’ve ever seen John . What a clip. Thanks for the work though John if you do see this. But I really think this has less to do over withstanding the pandemic &more to do with the recent & ongoing surge of the stock
@@AN_unAVERAGEJOE I think get your point, and I'm almost certain that these incentive bonuses are in fact directly related to the current upsurge in AMC's stocks. But you can't deny that it doesn't look good from a company's perspective, especially with AMC just barely surviving by the skin of their teeth.
Plus, it's not uncommon for executives to skip or delay their bonuses when their companies go through massive furloughs/layoffs. It's almost expected nowadays...and while it's mostly a PR move just for the public's sake, it's effective for a reason. Also I've never heard of a contract where incentives r a requirement that can't be turned down by their recipients. Legally speaking, they're not in the wrong, but ethically, it doesn't look good for them to move forward with that kind of behavior (especially in this pandemic where everyone is suffering)...that's all I'm saying.🤷♂️
Lol, I think I remember one or two other times where John got this mad before (remember the whole Collider layoff incident) but I agree, this is probably in the top five.👌
Yes it was. It's hella shady that AMC is rewarding the exec's
This was an awesome rant. So true.
Well Damn; (John) Tell them how you really feel 🤣
Yeeeeah, get em. 😂
Amen, Campea.
They did have a choice, they could’ve used all that money for their employees and also for keeping the movie theater’s running. Rich get richer because they run over other people mainly poor working class
Somebody call up Ghostbusters for the demonic entities in the AMC HR department
if people assume that canadians are just nice people and put up with everything, send them this video.
We are not. I hate everyone.
@@darthbakercamelia awww ... me too lol
I was watching this live when I came from the bathroom I heard John screaming from far away....lmao
At least pull your pants up!
This is exactly why I started my own business. I got tired of being a cog in the machine and making others richer.
As someone who worked for AMC for minimum wage and went home exhausted, sore and sweaty from cleaning theaters, refilling stock and on my feet for 6-7 hours straight this doesn’t surprise me at all. Poor corporate executives sitting in those comfy offices doing nothing and getting paid for it. There are a lot of hard working associates at AMC who do their best to give guests a fun movie going experience and don’t always get enough recognition or reward. My hat goes off to them.
The Execs know that AMC is dying so they are grabbing all they can before having to look for new jobs.
Actually AMC raised newly $1 billion in new financing to keep themselves affloatvin 2021. Part of it was through debt I believe, the other part was in selling off company stock during the gamestop short sqeeze which also rose the AMC stock.
Thank you John, this hits the nail square on the head.
In these times many people will appreciate $250. Theaters are struggling and they are giving themselves bonus’ for what?
John is totally on point here. Execs can forgo or defer bonuses... or even choose to distribute it to the staff who are struggling in this difficult time - that would be leadership.
I've seen rants from John several times, from all scales, this is by far the one I got scared the most, rightfully so
As soon as I saw the video's running time I knew he would be mad as hell.
This was even worse than when he reacted to movie theaters that play commercials before the movie starts!
Damn. The corporate greed is real😡😤
This how I want to walk into WB/DC meeting and speak my mind for the toxic heart break they've been putting us fans through.
No kidding they have the best characters but clowns dressed in suits come up with terrible screenplays and throw continuity to the wind
@@sfcSpidey true. I been wanting black superman on big screen but it doesn't sit well with me that they would throw the og superman to the side without giving him all the proper respect and a trilogy at least. Then introduce black superman through a flash multiverse film. But nope they are ruinning it both for me. Even if they made a very great black superman film that would piss me off even more because it would show that they could make a great og superman film if they actually tried.
It would have been better PR if the executives didnt get the pay rises, it instead goes to the employees.
No executive/employee in the world should get a payrise if they earn over $50,000. The payrises should go to everyone else who is struggling.
PR? As if they care about what people think! The people will still come so why not do it?
Sorry but I've lost respect for Rob here , how he feels that defending this decision is warranted is ridiculous and I expect better so little empathy. John Campea I would work for him any day Well said!
Honestly, that’s your nomie American now.
Sees a poor man struggling... throws bootstraps line on him & calls them lazy, welfare queen etc.
Then watches a millionaire exploit a rigged system... calls him smart for knowing how the game is played.
Some just want the system to continue because they delude themselves into thinking one day they’ll be obscenely rich by exploiting the same system.
@@MAC_ABC exactly
He's literally a Boomer. Not surprised.
Empathy is not one-sided. Empathy means you put yourself in everyone's shoes and try to understand the situation. I don't think Rob is necessarily defending AMC's actions, just trying to provide an alternate take.
@@deewolf1903 I’m always one to play devils advocate, but the arguments he was making were so weak that he didn’t even need to make them.
When I saw that thumbnail, I already knew what was about to go down...
Might be my middle class talking here but as a human being wouldn’t you see that 4 million dollars that you clearly don’t need and go ‘maybe we should re employ people, or something?’
I think people don’t realise that you don’t hate rich people out of jealousy. You hate them because they’re generally horrible people lol
How do you know he doesn’t need that $4M bonus? I know this is hard to imagine but it’s the unequivocal truth, there are people out there who makes millions of dollars a year and they live month to month; just like some middle class people do and just like a lot of the lower income people do. It is greedy of the CEO to take his $4M bonus when tens of thousands of his low income employees are laid off? Yes! That is greedy AF but, he might have taken that bonus because he desperately needed it. No that doesn’t justify his greediness but, he might be in a desperate financial situation.
@@mcuthor7831 if you’re living month to month on 9 million a year you’re a moron who probably isn’t qualified to run a business like AMC. But seeing as he is running this business, I’m going to take a stab in the dark and say he has plenty of money and other forms of income. This bonus is just pure greed.
@@larryversion3300 the bonus is unequivocally without a doubt pure greed; but to assume he cannot separate his professional career and his personal spending habits is pure ignorance. I’m just saying, he might have taken that bonus because he desperately needed it. What would you do if you were desperate? His very high salary could have absolutely zero to do with his potential desperation; there are people out there who make two and three times that $9M and they struggle. For you and I that seems almost ludicrous but, it’s true.
@@mcuthor7831 And I’m sure it is true for some of them. But allow me to clarify.
If ANYONE, not just this guy, is living month to month/week to week on 9 million dollars a year, they too, are complete idiots. At that point you’re already well past what a normal person needs. If you need more, you also need a slap up the head for being an idiot.
Your argument is stupid. I’m sorry I’m usually more forgiving but I literally cannot see your side at all on this one
@@mcuthor7831 no offense man, but if someone can't live off of $9 million a YEAR, I think they need to reevaluate there lifestyle lol
3:09 yesssss, yesss I can feel the rant....it gives you FOCUS
I saw this as the headline title of the main show, but I was working during it. Seeing this segment being 18 min makes me happy to hear what he has to say.
I'm glad John is livid, people need to be outraged. AMC misappropriated money gained through the surge of sales in the stock market. As WallstreetBets took advantage to one up the short sellers employees at the highest level of AMC decided to take advantage of the extra infusion of cash to pay themselves.
I worked for AMC for 28 years, left in early November 2020. The difference between Jerry Lopez (former CEO) and Adam Aaron (current CEO) is that Jerry was more involved with the day to day business of the theater operations and Adam it is more causal running of AMC. Adam put AMC in the most amount of debt because he wanted to make AMC bigger even though the attendance of theater was declining. The Carmike purchase was a money pit in an era where business wasn't so great to begin with in the first place. So much so AMC created the AMC Classic brand so people would understand that those experiences weren't going to be to AMC standard. Since 2017 AMC cut staff at theaters so we wouldn't spend so much to try to make like AMC was making money when it wasn't really. The next several years more cuts to other spending to help make A-List look good. But Adam makes sure he gets paid when others in AMC may not. Some in AMC think he is the worst CEO ever for AMC.
Thank you For this expression of your POV John.
When I saw the title of the video, I clicked, leaned back and thought "It's about time for another Campea rant".
ALSO.... The only reason they have the money to pay this bonus is because of the Reddit fueled stock episode that allowed their stock to skyrocket out of nowhere... They were able to cash in on their own stocks...
I couldn't agree more! Thanks for having the guts to tell it like it is.
This may be the best rant John has made since Ben was announced he was no longer Batman.
Don't think that could've been delivered any better!!!! Thank you John for expressing my feelings... 👏🏾👌🏾👏🏾✊🏾
Based John! Best rant ever... honestly because this isn’t a rant over some nonsensical controversy from movies but actually real life stuff. Also can’t help but say that John, a Canadian & Rob an American; here perfectly summarise the difference between two countries.
Canada has universal healthcare & much better democracy & policies for all of it’s people ... because Canadians wanted better & fought & got better.
American think universal healthcare = communism; and let 1%ers rob them blind in broad daylight & then they blame other working class people for their problems or shrug & move on by saying: It is what it is... we can’t fight the system.
Canadians (& every other developed country) fought to get better lives for its average citizens & got them... Americans are either apathetic &/or misinformed &/or greedy for themselves at the expense of others.
Bunch of poor folks allowing a broken rigged system to continue in hopes one day they’ll get to exploit it too & Lord over others.
Sad.
You nailed it!
I am from Montréal and I aprove this message.
I saw the title and knew John was gonna be on one. He expressed what I was thinking perfectly
I so much enjoyed John's outburst. Also, someone commented "let the hate flow through you". Loved it
Wait, going to grabbing some drinks and popcorns. Love it when John goes off!!! :D
John thank you for always being passionate and being our voice in these spaces!! I’m with you 💯 on this
Pisses me off as a employee of AMC . The rich get richer while us employees get nothing
Me too, resigned Aug 2019. Great staff and management but this makes it hard for me to want to return to their property if they survive. When they collapse no company should hire these bonuses grabbers. Greed is not good anywhere, any time PERIOD.
AMC should be ashamed of this behaviour. Shame!
8:21 is the best thing I’ve heard all week. Thoughtful, insightful, and direct. Well-stated.
Lol the tone change at 3:45
Hello-
I've never seen John this mad.
The bonuses were disgusting but I appreciate Rob's take on it, as well. To be honest, though, I think when you are being paid 6 figures, you shouldn't need to be paid any incentives in order to do your job or avoid abandoning ship.
I knew the rant was coming, I got it. Thank you John
I got covid back in November was in the hospital for a month almost died just got back to work after being off without pay for 4 months I applied for short term disability thru amc. Was told I was 1 month shy of being able to use this benefit . I also got denied workers comp. Covid does not qualify . I'm so angry. And I started back to work last week and I barely can do 6 hrs a day because I'm severely fatigue d covid after affects.
I'm not a financial advisor but look up the research on 'amc stock' on CZcams.
You should look at the US CEO salaries over time. The issue isn't really with AMC, it's with capitalism.
LOL No don't blame Italian blood on using the phrase Nut Jugglers to describe your old coworkers. 7:26
hahahaha
OMG. Campea is going ham....and he's very right to be.
I knew this was going to be a good one and John you didn't disappoint 😂
I did not see that coming, I am glad you are passionate about this. This says more about America than AMC but I agree.
Miss this John, raw and passionate.
Gotdammit I love these videos lol. Go off, dude.
I saw the thumbnail gif and I was like...
"Finally! Another angry John Campea rant!"
And I wasn't disappointed:)
😆😆😆
John i love you. With being said yell and scream till your blue in the face about that corrupt company AMC.
As someone who worked for years in AMC before leaving a couple years ago: Not really surprised. And no one who worked/works for AMC should be surprised. The mentality inside AMC is like any other job, pay the executives. They dont even pay the managers well tbh and those are the people really getting taken advantage of. That's not to stop people from working at AMC theres just a quality of life that you give up working for them. The actual lifers or people who work the buildings are great to work with. Really great people.
Can you imagine if we all got bonuses that equalled half our annual pay? Ugh
That rant was so epic that even I feel fulfilled from it
Previously, on The Nut Jugglers.
"But you cheated on me with Teddy Testicles, Anna! Some things just can't be forgiven"
What ?!?!?!?!
Evil Disney giving executives bonus and getting rid of 30k employees.....oh wait, your talking about AMC, carry on!!!!!!
John....couldn't say it any better myself.....preach on Brother John!!!!!
Unfortunately this kind of stuff happens all the time with corporations.
Yep. It's like how the Exec's get the company to buy back stock but at the same time they get the company grant them stock as part of the buy back transaction. So it's essential the company buying back the stock they just issued to the Exec's.
Whoa. John. Damn - I felt that!! 100% on the $$ - what bullsh*t
The point about government is a strong one. Any relief the theater industry is seeking is going to be torpedoed because politicians can point to this report and use it to deny financial assistance. Congratulations to AMC on ensuring their own demise. Also as much as ire is focused on Aron, it is really more the board who made this decision. If offered a substantial bonus without prompting, I cannot blame someone for accepting.
I saw the title and the length of the video an knew it was about to be an epic rant lol
Wow wasn't expecting that from you John lol well said
Can't wait to hear johns reaction now that it came out that not only did he get a 4 million dollar bonus but also got a raise from 9 million up to almost 20 million in 2020
I am laying back because i thought he was goin to break thru my screen & jump out
These same CEOs and executives are the same ones fighting against a higher minimum wage. Executive salaries are ridiculously out of proportion for what little they actually do. This will only continue to get worse as executives get greedier and greedier while suppressing the money paid to everyone else arguing it will only cause the cost of everything to go up. Everything is going up because executives salaries goes up while everyone else gets left behind.
I don't think I've ever seen John like that before
I love it when John "Robin Hoods" on execs like this
Did your neighbours call the police for a suspected domestic disturbance while you recording this video? 😂🤣
@@Apd174 not only that his studio looks treated so no issue there.
@@KeenApollo God was clearly busy the day he was handing out a sense of humour when you two were born 🙄
Here’s to liking and sharing this clip! 🍻 Let’s make John go viral ✊🇨🇦🇺🇸
The moment I read the title of this video, I knew we were all in for a John Campea RAGE!!!
Oh boy. I am now scared. Yikes.
John has had some epic rants, but when he started off calling Adam Aaron a moron, I nearly spit my water. Lol I didn't see it coming this time hahhaha👏👏👏👏
I'm surprised Rob is vaguely defending their decision here. It's not looking like it was contractural and yea, you just laid off 37,000 people and they're going to need as many of them to come back as possible. How do you square with any of them that you somehow just HAD to pay your CEO, who's already making $9M a YEAR, that you had to give him ANOTHER $4M??? Complete and utter horseshit.
CEO makes 9 million yet all of the base employees (the crew) make minimum wage, no benefits, no sick time, and every 6 months they get ¢.05 raises if they meet expectations. AMC is disgusting in terms of how they treat and compensate their employees.
"Poor fucking Adam Aron " 😂😂make that t-shirt john
The thumbnail of the Exec reminds me of Fat Cat from the Chip & Dale cartoons.
Let’s go, I knew John was going to go off when I saw this
Love the energy John the shit came out of nowhere lol
It’s not bad optics. It’s Villainy!
This is why I don't care about these movie theaters when they don't care about their customers it's all about the money
Who knew there was a DEFCOM 0 level? John hit that and for a minute I was worried that medical assistance was going to be needed if he went on much longer.
That being said this is a straight up FU to all those 30k furloughed staff (I wonder just how many of them have subsequently been let go) and you can be damn sure AMC will not hire all of them back once things are back to some sort of normal - given the circumstance, that $8.3m pot of money should have been used to support the aforementioned staff in some form rather than almost half of it going to a man who has over $9m reason not to be concerned over having to chose whether he pays the bills or feeds his family.......the optics of this is so far past being tone deaf even the Hubble telescope would have trouble finding it!
I was not expecting John to flip out lol
That's the most exec news I've ever heard.