Employee's Loyalty Garners CEO's Contempt

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NEW YORK—Associate account manager Henry Keel's devotion to Wegman Financial Corp. fills CEO Roger K. Scarvon with contempt, Scarvon said Tuesday. "I can't imagine spending 23 years at one firm with nothing more to show for it than a position in middle-management," said Scarvon, who has been an executive at seven different companies since 1994. "Really, he might as well just paint the word 'sucker' on his forehead." Scarvon said Keel will pay for his steadfast loyalty when he loses his job and pension after Wegman Financial is "gutted and resold" in June 2005.