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Esteemed Contributor
Posts: 6,419
Registered: ‎12-13-2010

Re: QVC needs a hosts shakeup


@qbetzforreal wrote:

As to CEO Rawlinson, people had the same complaints about Mike George during his tenure.

 

QVC isn't in trouble because of the hosts.  It's in trouble due poor financial decisions and not realizing shopping habits had changed.


@qbetzforreal  Agree! Has nothing to do with hosts! RAWLISON did not move with the times. The digital times. Q got stuck in a rut of a very limiting appeal to older women. And the ship is sinking. 

Esteemed Contributor
Posts: 7,765
Registered: ‎06-29-2016

Re: QVC needs a hosts shakeup

[ Edited ]

In a little recognized change, CEO Rawlinson has an amended Employment Agreement, effective April 10. 2026.  It can be reviewed in the 10-K/Annual Report filing.

 

The contract still expires December 31. 2027 (subject to 1 year automatic renewals), but now includes severance benefits for Change in Control.

 

Upon termination without cause following a Change in Corporate Control he will receive:

 

2.5X Annual Salary.  Annual Salary is currently $1.75 million

 

Pro Rated Bonus

 

COBRA for 1.5 years, premiums paid by QVC Group

 

 

CEO Rawlinson will definitely be the winner in the Chapter 11!  Congratulations to CEO Rawlinson and his employment attorney!

Honored Contributor
Posts: 14,555
Registered: ‎03-11-2010

Re: QVC needs a hosts shakeup

Salary: wowee wowee!

I keep on dancin'
Respected Contributor
Posts: 2,104
Registered: ‎10-23-2011

Re: QVC needs a hosts shakeup

@They CallMe MRWILKES   

 

This is the epitome of corporate "greed" IMO. 

 

I understand whomever is representing him in contract negotiations will get the best deal possible for his/her client; however,this seems very brazen in view of his role in necessitating Chapter 11 for QVC.

Respected Contributor
Posts: 3,422
Registered: ‎06-27-2010

Re: QVC needs a hosts shakeup


@They CallMe MRWILKES wrote:

But don't you know that Jane and Julia and Monifa caused $6.5 Billion in debt!

 

Laughing hysterically that some think that was the cause and problem. 


 

I have to hand it to you my friend.  I read some of those comments and just can't bring myself to answer those that have no experience or knowledge of how public companies operate.  You are a rockstar! 

Honored Contributor
Posts: 8,798
Registered: ‎01-22-2012

Re: QVC needs a hosts shakeup

Been watching since 2007, and whenever the Q is failing, management always makes changes with hosts.

Good products, good prices and good service would be a good

start. 

Honored Contributor
Posts: 68,622
Registered: ‎03-10-2010

Re: QVC needs a hosts shakeup

[ Edited ]

@They CallMe MRWILKES wrote:

In a little recognized change, CEO Rawlinson has an amended Employment Agreement, effective April 10. 2026.  It can be reviewed in the 10-K/Annual Report filing.

 

The contract still expires December 31. 2027 (subject to 1 year automatic renewals), but now includes severance benefits for Change in Control.

 

Upon termination without cause following a Change in Corporate Control he will receive:

 

2.5X Annual Salary.  Annual Salary is currently $1.75 million

 

Pro Rated Bonus

 

COBRA for 1.5 years, premiums paid by QVC Group

 

 

CEO Rawlinson will definitely be the winner in the Chapter 11!  Congratulations to CEO Rawlinson and his employment attorney!


Might not the 'without cause' item be subject to action...


In my pantry with my cupcakes...
Esteemed Contributor
Posts: 7,765
Registered: ‎06-29-2016

Re: QVC needs a hosts shakeup

The Employment Agreement also provides for "With Cause" termination compensation:  only 1.5X salary benefits!

 

"Cause" is defined as illegal activity,  embezzlement,  fraud, felony conviction,  etc.

Honored Contributor
Posts: 11,643
Registered: ‎02-07-2011

Re: QVC needs a hosts shakeup

"Pro rated bonus"???  For bankrupting a company?  He should owe the company money.   What a joke!

 

Esteemed Contributor
Posts: 7,765
Registered: ‎06-29-2016

Re: QVC needs a hosts shakeup

This is what a fabulous employment contract attorney can do for you.