#execcomp

I left DXC a long time back. I see Drum is at the top of the top table making even more moolah. What did he do? Did he actually consolidate those payroll and HR systems? Did he actually improve the companies processes? Just asking as it looks like the boy done good. And what happened to Mary? If I recall she was revamping HR olat $1m an email.

They know how to squeeze the last bit of blood out of the employees. The company is making $650million cash profit but they plead poverty and won't pay the employees. Execs take millions for themselves and on top they are using the profits cash buying a third of the company by share buybacks. Drums package suddenly goes from $6.7 million to $10million effectively back door. They squeeze every $ they can from employees. Its plundering every which way they can.

Thoughts? I don’t know about you, but I got a sh---y 2% raise and I have been with the company 15 years.

Marilyn Burgess Seeks Pay Hike, Cuts Staff, Declines Re-election.

https://www.msn.com/en-us/money/companies/district-clerk-lays-off-employees-then-votes-herself-81k-raise/ar-AA1NeKBs?ocid=sms&apiversion=v2&domshim=1&noservercache=1&noservertelemetry=1&batchservertelemetry=1&renderwebcomponents=1&wcseo=1

Headline: Qualcomm CEO pockets 15% pay rise as profits fall 45%
How else can CA afford to give himself a pay raise?
https://www.theregister.com/2026/01/23/qualcomm_ceo_pay/

He could put 1 years pay into a high interest account at 4% and generate a huge $268 000. Drum would get more interest in 2 months than most employees get in a years pay. Chris Drum is onto a winner for life, other execs are all laughing at employees when they see there pay each month.

The people lamenting the departure of the Frontier executives have it backwards. Here’s what actually happened:
1- Frontier was loosing money and marketshare
2- Activist hedge funds took a stake in the ailing company and shepherded it through a bankruptcy which reduced its debt
3- They recruited John Stratton, Nick Jeffery and other executives to lead the company after emerging from bankruptcy. Those executives received significant awards of stock and RSUs. The RSUs would vest immediately upon sale of the company
4- Frontier’s situation improved under their leadership although it’s still losing money
5- The hedge funds and the executives got a big payday by selling the company for $20 billion in cash to Verizon. Stratton made about $100 million, Jeffery about $90 million and the hedge funds made billions in profits. The Frontier executives had to resign in order to maximize their payday. They would have been fools to stay.

The King can dominate the world.

Another deal to boost LBT's forture:
https://www.reuters.com/business/intel-pursued-deals-that-boosted-ceo-lip-bu-tans-fortune-sources-say-2025-12-10/

Xerox Holdings Corp (NASDAQ:XRX) announced the appointment of Chuck Butler as chief financial officer, effective December 3, 2025. The company disclosed the executive change and related compensation adjustments in a statement filed with the Securities and Exchange Commission.

In connection with his promotion, Butler’s annual base salary will increase from $500,000 to $550,000. His target annual bonus under the company’s Management Incentive Plan will also rise from 80% to 100% of his base salary. Butler will be eligible for a long-term incentive award in the 2026 annual cycle, with a target grant date fair value of $2 million, and may receive additional long-term incentive awards in future years, subject to board approval.

Butler will receive a monthly housing allowance for 12 months, not to exceed $70,000 in total, and will continue to participate in Xerox’s benefit plans, including executive financial planning assistance and other executive benefit programs.

The filing also states that Butler may enter into a change in control severance agreement with Xerox Holdings. If a change in control occurs before December 31, 2026, and Butler’s employment is terminated without cause or he resigns for good reason within 24 months following the change in control, he will be entitled to a lump sum cash payment equal to two times the sum of his annual base salary and target bonus, as well as continued medical, dental, and vision coverage at active employee rates for up to 18 months, subject to certain conditions.

What did the board do these oast years? Allow the worst decisions. How they fixed it? Unload 13+ of the employees 🤬 - oh, and come to sip a cuppa coffe in front of every employee

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VZ board member compensation varies, with independent directors typically earning around $335k-$365k in cash for 2024, while Chair Mark Bertolini and CEO Daniel Schulman received higher amounts, alongside stock awards; specific figures show Clarence Otis Jr. earning over $410k cash, and others like Carol Tomé and Vittorio Colao earning $335k, with amounts reflecting their roles, though total compensation (including equity) differs and requires review of proxy statements. 

Key Board Members (as of late 2025):

• Daniel Schulman: Chief Executive Officer (CEO).
• Mark Bertolini: Chairman of the Board.
• Hans Vestberg: Special Advisor & Board Member.
• Roxanne Austin: Director.
• Vittorio Colao: Independent Director.
• Laxman Narasimhan: Independent Director.
• Carol Tomé: Independent Director (UPS CEO).
• Shellye Archambeau: Independent Director (MetricStream CEO).
• Jennifer Mann: Independent Director (Coca-Cola EVP).
• Caroline Litchfield: Independent Director (Merck CFO).
• Clarence Otis, Jr.: Independent Director (Darden Restaurants). 

VZ paying him over $60m for him to sip coffefe and make jokes to the entire company

$1.5m base
250% sti = $3.7m

$59.5 grants due on 2027

RSUs:
$9.5m
$20m
$30m
(As reported in Verizon's SEC filings for his appointment)

Does he get two golden parachutes? THey kept him past his original CEO contract...

Farmer destroyed Comerica, and is riding his golden parachute of $140 million out of the burning carcass. The class action brought by HoldCo that highlights Farmer’s misbehavior and frauds is mind-boggling. We need to take action and join that class action. Farmer sla-ghtered our jobs (once Fifth Third takes over, at least 45% of us will lose our jobs).

the $80 million a year executive board gets a haircut?

She was challenged several weeks ago on this board to go on CNBC to be interviewed and by golly, she did ! Albeit a soft ball interview with Sharon Epperson for DEI reasons.

Let's be honest here, if she interviewed with Jim Cramer, David Faber, or Sara Eisen, she'd be eaten alive trying to defend her missteps. It is ironic that even Roger Ferguson has appeared on CNBC as a contributor more times in the last year, then Duckett has appeared on CNBC in 5 yrs.

There are rumors and whispers she is losing internal support. All of a sudden, we see a flurry of activity from her lately in an attempt to save face and her job. So many speeches and public appearances that she has no real time to run TIAA like she is supposed to and this begs the question; who is really running TIAA ? She is paid millions and the company is chaos and no one is at the helm. She collects hundreds of thousands of dollars as a Nike Board Member & a pair of Air Jordans.

Instead, they have Jay Leno headline the TIAA FutureWise conference with the CEO laughing herself all the way to the Bank while many long term TIAA employees are being laid off. Shoot, maybe is she ran AI to run the company, it would be in much better financial shape today. It's funny how she criticized AI, but sold out to Accenture as they promised us the world with AI driven solutions which have not materialized.

TIAA FutureWise Conference (November 2025) In a discussion with CNBC, she advised that retirement investors should focus on building diversified portfolios and guaranteed income streams rather than worrying about an AI

besides the free $20m and salary for a year?

Left on as a “special advisor” so he can keep his $20 million. F the board for even allowing that and F Dan for immediately cutting positions as a means to cost cutting when it is public knowledge that we are paying the man who ran us in to the ground what is basically a massive severance. If I were looking to save I would see that $20 million as a good start

If anything at all, give that S-B the same 2 weeks a year that the rest of us get. Terrible optics and a glaring example of corruption.

One of the amazing things about working at Progress is that every November you get to wonder if you are on the list to be laid off. Yup, an entire company culture built around who gets let go this year right before the holidays. And to make it even better, none of the c suite executives responsible for the company doing so poorly ever get let go. The c suite boys club continues to bring in millions for themselves while investors (stock down almost 50% this year) and everyday employees get the brunt of their non existent management acumen.

Skyworks has created a new severance plan for top executives.
It was approved on November 11, 2025 and filed on November 14, 2025.

This plan only covers Vice Presidents and Senior Vice Presidents who report directly to the CEO.
Directors, managers, engineers, and all non-executive employees are not included.

If a VP or SVP is laid off in normal times, they receive:
• One year of base salary
• One year of company-paid medical insurance
• A partial bonus they have already earned
• Some RSUs that would have vested within the next 12 months

If a VP or SVP is laid off after a merger or company sale, they receive:
• One and a half times their base salary
• One and a half times their target bonus
• Eighteen months of company-paid medical insurance
• Full vesting of all RSUs
• Extra time to exercise stock options

To receive these benefits, they must sign a legal release and follow non-compete rules.

This plan gives very strong protection to VP and SVP executives.
Regular employees do not receive these benefits.

As the new CEO of Verizon, Dan Schulman will receive an annual base salary of $1.5 million, in addition to substantial performance-based bonuses and stock awards that could bring his total compensation to tens of millions of dollars.
His compensation package includes:
Base Salary: $1,500,000 per year.
Short-Term Incentive Plan: He is eligible for a target bonus opportunity equal to 250% of his base salary, based on performance.
Long-Term Equity Awards: Schulman will receive various stock awards, including restricted stock units (RSUs) and performance stock units (PSUs), with a potential value of up to $59.5 million depending on the company's future performance relative to its peers.
Schulman, who previously served as the CEO of PayPal, was appointed to lead Verizon in October 2025, taking over from the ousted Hans Vestberg. His contract runs through 2027.
For more detailed information, please refer to Verizon's official SEC filings regarding executive compensation.

How much are 15k livelihoods worth to him?

With the holidays coming up and all these much need layoffs being executed, how is the business continuity planning going, Alvind ? Shareholders should ask the question and you continually lie whenever you go in front of the media to talk about layoffs :

https://www.youtube.com/shorts/exV3avZIa9w

Net hiring up ? where exactly ? India as usual ? Who gives a darn when you are running a public American company and Americans are being laid off. Your compensation and those of your Pipmunks needs to be re-balanced (downward direction) for your failures. You are getting excessive compensation for your lack of management. As a CEO, you are an abject failure, not a great employee. And you contradict yourself in the same interview and you know it. You are an excess to IBM requirements.

Since 2020, Udit Batra’s total compensation at Waters Corporation has grown by about 95%, rising from about $5.7 million in his first year as CEO to more than $11.1 million in 2024.
Batra’s pay is ~132 × the median employee’s compensation, according to Waters’ own proxy disclosures. 

Why does Oracle keep stacking layers of executives who pull in oversized paychecks while acting like the company would collapse if they skipped a meeting?

... is Ajei. He and 5 generations of his offspring are good now. Everyone else suffers.

I heard that Chubak got well over $4MM for a sign-on bonus here- I can’t even imagine earning that in my whole career. It’s just another example of how far removed he is from the rest of us.

Our new CEO is being paid a $1.5M annual salary, with up to $50M in performance incentives.

That’s equivalent to 500+ employees making $100K.

It’s hard to listen to Joe Russo talk about surgical cost reductions when our CEO is being paid an annual salary equivalent to an entire market.

Does our CEO work 500 times harder than the average corporate employee? Why don’t individual employees receive bonuses that are potentially 33 times than their salary? Imagine an STI of $3.3M on your $100K salary.

If Verizon were serious about cost reductions, it could save tens of millions by trimming the oozing fat at the top.

Guys, let’s pleeeease all stop being greedy and wanting to keep our jobs. Here are some stats to show you guys how greedy you are:

• Verizon ONLY made $5 billion in net income last quarter. That’s practically nothing
• Worst yet, Verizon has ONLY made $20 billion in net income in the past 12 months. Practically bankrupt. Very unprofitable.
• Headcount was down over 45,000 under Hans. That’s nothing!!
• Since 2015, headcount is down ~80,000. Why not more!? Come on. Take one for the team, guys.
• Our dividend is ONLY 6.93% so we only pay out $11.6 billion a year to our shareholders in dividends. This clearly isn’t enough.
• Hans only made $24 million a year and Sampath only makes $13 million a year. This hardly buys you waterfront in The Hamptons.

You guys need to all stop being so greedy over paying your mortgages, your children’s college bills, and going to the supermarket.

We need to keep our shareholders and executives at the forefront of everything, because they are clearly suffering much more than we are.

I’ll be starting a GoFundMe soon because I doubt Dan Schulman’s bonus will be big enough, but I’m sure he has already asked Perplexity and brought it up at the dinner table with his family.

Here are numbers for 2024:

• Hans Vestberg – Former CEO – Total compensation: US$ 24.16 million
• Craig Silliman – Former EVP & President, Verizon Global Services – Total compensation: US$ 15.12 million
• Sowmyanarayan Sampath – EVP & Group CEO, Verizon Consumer – Total compensation: US$ 13.28 million
• Kyle Malady – EVP & Group CEO, Verizon Business – Total compensation: US$ 12.30 million
• Anthony Skiadas – EVP & CFO – Total compensation: US$ 11.25 million
• Vandana Venkatesh – EVP, Public Policy & Chief Legal Officer – Total compensation: US$ 6.43 million
• John Stratton – Executive at Verizon – Total compensation: US$ 7.04 million
• Marni Walden – Executive at Verizon – Total compensation: US$ 6.75 million
• Marc Christopher Reed – Executive at Verizon – Total compensation: US$ 6.17 million

Sources:

https://www.sec.gov/Archives/edgar/data/732712/000130817925000404/vz4363511-def14a.htm
https://www1.salary.com/VERIZON-COMMUNICATIONS-INC-Executive-Salaries.html
https://bullfincher.io/companies/verizon-communications/ceo-salary
https://salary.com/research/executive-compensation/verizon-communications-inc-executive-salary

I believe it only impacts who has made good $ . not the real workforce.

Xerox's decline has been nothing short of alarming. Over the past year alone, we've witnessed a staggering 59.6% drop, bringing the decline to 80.26% since 2020. Leadership is the cornerstone of any thriving organization, and I'm utterly perplexed by why Steve B remains at the helm amid this losing streak. When I joined the company in 1999, my stock was valued at $70.58; today, it languishes at a mere $3.43.

I've sat through his last dozen or so town halls, and it's clear that Steve has a knack for serving up a buffet of excuses, each one seemingly more inventive than the last. A close friend of John Bruno confided that Steve B's golden parachute is now a financial burden, and no sane executive is eager to captain this sinking ship. Steve's compensation must be recalibrated to reflect the dismal stock performance. John Bruno has yet to add any value, and Louie Pastor seems to be draining the company's vitality, all while we (the workers in the trenches) continue to bail water from this floundering vessel.

The board has been covertly seeking a way to oust Steve, but they're caught in a quandary with this 125-year-old institution—there are no willing successors. And if Steve were to step down voluntarily, the personal cost would be too great for him to bear.

So the bottom has finally fallen out, huh?! The smoke has dissipated and the mirrors shattered. The Bisignano scam has been exposed. Now shareholders are left to hold the bag?l. All those ppl whose compensation was tied to stock shares. Sc--wed. Meanwhile, Bisignano has cashed out and is off probably finding ways to ruin social security at the behest of his sc-mb@g boss.

What will it take to get this clown and his minions imprisoned? What lessons can we learn from this? One thing that I've learned is I won't be accepting any compensation that's tied to stock. Give me my cash and I'll invest it on the market as I see fit.

Prepare for more layoffs while fck boi Frank with his seared conscience enjoys the money he stole from us.

This is disgraceful.

https://www.barrons.com/articles/citi-ceo-fraser-bonus-called-excessive-560ac41b

Greed has no limits. Get rid of hardworking workers and make it hard for them to get roof over their head and food on the table while greedy executives splurge on expensive caviar and champagne. So much for board independence.

Here’s a summary of total annual compensation for Brian Cornell in his role as CEO of Target Corporation (since his start in August 2014) as available via proxy/SEC filings and media reporting:

Fiscal year Approximate total compensation
2015 ~$16.9 m (reported for 2015) 
2016 ~$11.3 m 
2018 ~$22.6 m 
2020 ~$19.8 m 
2023 ~$19.2 m 
2024 ~$20.4 m 

Your attention, please! Very important. Tremendous discipline ahead.

Prepared for: Compensation & HR Committee
Date: October 2025
Subject: Proposal to Adjust Executive Benefits to Support 2026 Cost-Discipline Goals

Executive Summary

As the company advances toward its 2026 cost-reduction and efficiency targets, aligning executive compensation practices with these objectives will reinforce fiscal discipline, improve shareholder perception, and strengthen internal morale.
By modestly reducing discretionary executive benefits and tightening incentive structures, the organization can achieve both direct cost savings and stronger credibility in cost-management communications.

Implementation Path

1.  Amend the 2025–2026 LTIP design to weight free cash flow per BOE and cash return on capital employed (CROCE) more heavily than TSR.
2.  Revisit perquisite policies for NEOs (aircraft use, club dues, financial counseling).
3.  Announce executive pay moderation internally concurrent with cost-optimization updates to reinforce shared responsibility.
4.  Frame public disclosures to highlight “leadership alignment with shareholder discipline.”

Proposed Adjustments to Executive Compensation (2025–2026)
• Reduce “All Other Compensation” by 50% (≈ $0.26 million)
→ Symbolic alignment with workforce austerity.
• Cap annual incentive payouts at 80% of target for 2025–2026
→ Estimated savings of $3–4 million.
→ Reinforces a direct tie between cost efficiency and reward.
• Suspend deferred compensation match and non-core perquisites
→ Estimated savings of $1 million.
→ Immediate cost savings; signals fiscal discipline.
• Freeze CEO and NEO base salaries for 24 months
→ Estimated savings of $0.2 million.
→ Visible commitment to cost control and leadership accountability.
• Replace 25% of RSU grants with performance shares linked to Free Cash Flow per BOE (FCF/BOE)
→ Cost neutral over time.
→ Strengthens long-term shareholder alignment without increasing expense.

Total projected direct savings: approximately $5–6 million annually, with significant reputational and cultural benefits.

It's like his private property. He was lucky and had some talent, but his returns are sooooo oversized and he did nothing to deserve the whole thing for him self and the pack of wolves that follow him. The game is rigged.

After 8 years and an annual total compensation of $24m he is worth over $100m and will receive a golden parachute (access to the private jet). Blackrock will be his next executive employment and will skyrocket his wealth even more.

Reporter: Mr. Profitson, thank you for joining us. Let’s get right to it—your company has experienced multiple safety incidents in recent months, some resulting in serious injuries. Employees say morale is at an all-time low. How do you respond?

CEO Max Profitson: First off, let me say—we’re absolutely crushing it. Our shareholders are thrilled, and I just got a new yacht. So, clearly, things are going great.

Reporter: Respectfully, sir, that doesn’t address the safety concerns. There have been three major accidents in the last quarter alone.

CEO: Look, accidents happen. That’s just part of the exciting chaos of innovation. If anything, it shows our employees are really pushing the limits. I mean, who needs safety when you’ve got quarterly growth?

Reporter: But many of those employees were laid off. You outsourced entire departments to countries with little to no industry regulation. Isn’t that part of the problem?

CEO: I call it “strategic efficiency.” Why pay someone $100,000 when you can pay $3 and a sandwich? That’s just good business. Besides, the new teams are very enthusiastic. They may not know what they’re doing, but they’re cheap and that’s what matters.

Reporter: That sounds incredibly reckless. Don’t you feel any responsibility for the chaos and declining morale?

CEO: Morale is overrated. I find that fear is a much better motivator. If people are worried about losing their jobs, they work harder. Or they quit. Either way, I save money.

Reporter: You’ve taken a 300% salary increase this year while cutting thousands of jobs. How do you justify that?

CEO: Easy. I’m worth it. Have you seen our stock price? It’s up 0.3%! That’s practically a miracle in this economy. I’m basically a financial wizard.

Reporter: But your employees are protesting. Some are calling this the “Corporate Dark Ages.”

CEO: That’s just noise. If they spent less time complaining and more time working, we wouldn’t have these problems. I mean, I gave them pizza last quarter. What more do they want?

Reporter: Accountability? Safety? A living wage?

CEO: Look, I’m not here to make friends. I’m here to make shareholders rich. And myself. Mostly myself.

Reporter: I’m sorry, but how are you still employed?

CEO: Golden parachute, baby. Even if I get fired, I walk away with enough money to buy a small country. So really, I can’t lose.

Reporter: I think we’re done here.

CEO: Great! I’ve got a meeting with my yacht designer. We’re adding a helipad.