While Tegna has been spending millions of dollars to make sure that their board members keep their cushy jobs, many of their employees are now furloughed and more will be as well as over the next two months.

A Tegna employee and a shareholder in the company sent us this email, along with some pictures.

I am an employee of TEGNA, as well as a shareholder in the company… since the company matches our 401(K) contributions with company stock.

In today’s mail (Monday, April 27, 2020) I received shareholder voting instructions in my mailbox. The instructions arrived in a USPS Priority Flat Rate Mailing envelope with tracking information (the tracking information confirms that it was delivered to my home on the afternoon of April 27, 2020).

When I opened the mailer on Monday evening, I discovered the voting cutoff date was today… April 27, 2020.

Perhaps the company is worried that if their employees had too much time to consider which way their vote would be cast… such as during our unpaid furlough week… we may not vote in the company’s preferred way.