by Ice Cream Jonsey » Wed Jun 29, 2022 7:33 pm
Saving this for later. It's from April of 2020, right when there was the most unknowns about the pandemic. The Pelugas own the Buffalo Sabres.
As Pegulas face business challenges, employees describe a ‘toxic culture’ at PS
Tim Graham
Apr 20, 2020
Last January, within a couple of weeks of the Buffalo Bills reaching the playoffs for the second time in three seasons, owner and president Kim Pegula spoke to her employees about tightening their belts.
Over the course of a few days, Pegula addressed various departments via video conference from the family’s home office in Boca Raton, Fla. She explained raises and bonuses should not be expected aside for those, such as coaches and players, contracted to receive them. Budgets would be scrutinized.
Times ahead were going to be difficult, Pegula stressed, and sacrifices must be made. The tone underscored worries that had been circulating among workers at various Pegula Sports and Entertainment properties. They already feared Terry and Kim Pegula were eyeing additional cutbacks to right-size a sports, media and hospitality empire that expanded too rapidly.
Kim Pegula’s video presentation included a rundown of organizational objectives. One particular slide, titled “Pegula Family Goals,” shook executives and lower-level employees alike. A handout version of the slide, obtained and verified by The Athletic, listed the Pegulas’ three chief objectives: win championships, sustainability, return on investment.
Pegula, current and former employees say, explained that return on investment included maintaining the family’s lifestyle.
“People were walking out of those meetings like they’d been punched in the gut,” a Bills management source said. “We just made the playoffs in the NFL, where it’s impossible to lose money. We’re firing on all cylinders. Now we have to pinch pennies?
Saving this for later. It's from April of 2020, right when there was the most unknowns about the pandemic. The Pelugas own the Buffalo Sabres.
As Pegulas face business challenges, employees describe a ‘toxic culture’ at PS
Tim Graham
Apr 20, 2020
Last January, within a couple of weeks of the Buffalo Bills reaching the playoffs for the second time in three seasons, owner and president Kim Pegula spoke to her employees about tightening their belts.
Over the course of a few days, Pegula addressed various departments via video conference from the family’s home office in Boca Raton, Fla. She explained raises and bonuses should not be expected aside for those, such as coaches and players, contracted to receive them. Budgets would be scrutinized.
Times ahead were going to be difficult, Pegula stressed, and sacrifices must be made. The tone underscored worries that had been circulating among workers at various Pegula Sports and Entertainment properties. They already feared Terry and Kim Pegula were eyeing additional cutbacks to right-size a sports, media and hospitality empire that expanded too rapidly.
Kim Pegula’s video presentation included a rundown of organizational objectives. One particular slide, titled “Pegula Family Goals,” shook executives and lower-level employees alike. A handout version of the slide, obtained and verified by The Athletic, listed the Pegulas’ three chief objectives: win championships, sustainability, return on investment.
Pegula, current and former employees say, explained that return on investment included maintaining the family’s lifestyle.
“People were walking out of those meetings like they’d been punched in the gut,” a Bills management source said. “We just made the playoffs in the NFL, where it’s impossible to lose money. We’re firing on all cylinders. Now we have to pinch pennies?