[Congressional Record Volume 143, Number 160 (Thursday, November 13, 1997)]
[House]
[Page H10772]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




   LEVI STRAUSS LAYS OFF 6,400 WORKERS WHILE ONE EXECUTIVE GETS $127 
                                MILLION

  (Mr. BROWN of Ohio asked and was given permission to address the 
House for 1 minute.)
  Mr. BROWN of Ohio. Mr. Speaker, last week Levi Strauss laid off 6,400 
workers, mostly women, most of them making between $5.50 and $7.50 an 
hour. But last year, according to the San Francisco Chronicle, Levi 
Strauss gave its No. 2 executive, Thomas Tusher, $105.8 million in 
stock options. Then it threw in another $21.5 million as a bonus to 
offset taxes. Mr. Speaker, 6,400 people lose their job, one executive 
gets $127 million.
  My colleagues have heard of golden parachutes? Well, this, Mr. 
Speaker, is a platinum parachute, and meanwhile 6,400 people are 
looking for work. This has got to stop.

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