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Chris Barry gets $11M severance

I had the impression that Chris was offered the position of next CEO, understanding that to decline meant he walked himself out the door. I guess it counted as an "involuntary termination without cause," which is worth $11M in severance.

Barry’s $11.2 million severance package for the involuntary termination of his employment without cause from Solventum is subject to his continued compliance with restrictive covenants, the company said.

https://www.medicaldesignandoutsourcing.com/solventum-ceo-pay-executive-compensation-severance-median-employee/


Sweet Sound of My Own Voice

I want to know the opinion of the layoff board members here.

Execs frequently use political actions (incl. backstabbing) and complex organization systems.

Aggressive behavior and self-admiration also help these leaders.

I see that many executive leaders speak for long periods because they like their own voices.

This behavior is a part of self-admiration.


Hello from Aspen

Hearing that our ELT had just returned from time away in Aspen together.

While we never see them here in Houston and never take meetings off the executive-only floors, they apparently need fresh mountain air to recover from the rigors of their hectic schedules entertaining on the private island, flying $60MM private jets to New York to speak to investors, and host happy hours with VIPs on the 14th floor.


More Pepsi Castoffs?

Am I to understand we're getting yet another Pepsi person at Paradigm? In charge of MDR and AI Products? What the he-l does that even mean? We're just making up executive positions.

And yet another vendor that is friends with G-yatri doing some bad live podcast that he got paid god knows what to do?

More nepotism happening at Paradigm than the White House.

Maybe I'll look for work at Pepsi, seems to be the only place safe from G-yatri's friends at this point.


Dan Schulman’s employment contract as CEO of Verizon runs until December 31, 2027

Dan Schulman’s employment contract as CEO of Verizon runs for 27 months, extending through December 31, 2027. He officially took the helm in October 2025 to lead a consumer-driven reinvention and strategic overhaul of the telecom company.


What happened to the VLC Shadow Board?

Whatever happened to the VLC shadow board? I was energized and excited by the LinkedIn posts and game changing thought leadership. It’s clear that it made a real difference in the company, and I hope Dan and what’s left of his leadership team continue this tradition as we play to win for our customers and communities!


Lay people off, get a promotion (sort of)

The Board of Governors of the Federal Reserve, the body overseeing the implementation of United States monetary policy, has announced the creation of five task forces intended to evaluate and improve the Fed's operations. In a press release, Federal Reserve Chairman Kevin Warsh named the "external advisers" who will lead each task force, ranging from economics professors to AI investors and corporate executives—executives like Xbox CEO Asha Sharma, who will preside over a task force on employment and productivity.

https://www.pcgamer.com/gaming-industry/us-federal-reserve-taps-xbox-ceo-asha-sharma-who-just-laid-off-3-200-employees-to-lead-task-force-on-jobs/


AI can replace executives

Look around AT&T and you will many executives with a strategy title. Why not leverage AI to define our strategies and reduce executives responsible for this. When u listen to these folks talk they are saying the same thing financial analyst are already saying about AT&T. Everyone can come up with strategies, why overpay someone for this.


Will Schwab ever become a meritocracy?

Do you think there will ever be a change to the current structure where promotion is based on who you know, and not on your performance and accomplishments?

Pretty ridiculous to see senior executives that do not have more than a bachelor's degree. If even that. No surprise that many at that level are lacking the intellectual capacity to lead efficiently.

Those people know that they will never get a comparable job anywhere else and will do anything to stay creating a cesspool of political games and backstabbing.


who is this dude who just joined to run tech?

self proclaimed transformation agent, from GBT American Express travel. A travel website? To running all of tech for a top fintech? Another bad decision by Lyons that now we all have to live as he's on to the next company to tank. Mike's short tenure here was a complete disaster. Look at the people he hired. The prima donna queen of AI, and more useless payroll. I hope Takis cleans house or this place sc--wed.


Lawsuit against Gartner from investors

How has no exec internally brought up the lawsuit about securities fraud. The silence is deafening.

E.g
https://www.ktmc.com/it-gartner-inc-class-action-lawsuit

Meanwhile the C level still have their off-sites with expensive food and drinks like the world is rosy. And the stock keeps sinking lower


Lackluster Backgrounds

Ajay from Oracle and Adobe? I guess we like dinosaur companies that move at a glacial pace and nickel and dime their customers for legacy products running on fumes from the glory days.

Panos was a Infra Leader? He had no experience leading entire eng orgs of backend, API, frontend teams. At best he's a SRE/Data Center guy, no wonder.

Tuckness started as a Five9 intern and every 1 or 2 years got promoted? He could not possibly have been that good.

JDR was at Skype? You know that team who's own company replaced it (Teams) because the product went downhill so quickly.


Hiring remote Executives

So USAA is doing corporate investigations on lower level employees for RTO, yet they keep hiring executives to be remote, how hypocritical is that? I submitted a JAR earlier today once I saw on LinkedIn the new Chief Information Security Officer is remote. My reasoning, my director is remote in San Diego, ED is remote in New York, a girl on my team remote in Hawaii, and another girl remote in New Mexico and a guy remote in Iowa. Yet I’m the only one in office (Charlotte) and I live in South Carolina, but since it’s only 58 miles and not 60, I’m told to be in office.


A little lite reading for the evening . . . AT&T's Double Standard: Executives Face an SEC Complaint While Whistleblowers Face Retaliation and T

https://www.linkedin.com/pulse/atts-double-standard-executives-face-sec-complaint-while-jayson-gnall-rkrrc/

When the SEC files a complaint against executives and a company agrees to pay a record penalty, most people expect accountability. When employees raise concerns about company culture, leadership decisions, or practices they believe deserve scrutiny, they often expect their voices to be heard. What happens when those expectations collide? The public record provides some interesting answers.


Universal Studio Group Consolidates Divisions, 22 Roles Eliminated

Universal Studio Group is merging UCP and Universal International Studios. Beatrice Springborn will lead the new Universal Global Television. This restructuring eliminates 22 positions across NBCUniversal's TV operations. Jennifer Gwartz, Marc Velez, and Steven O’Neill are among the departing executives. The consolidation aims to align content for the global market.

https://deadline.com/2026/06/ucp-uis-studio-merger-beatrice-springborn-layoffs-nbcuiversal-1236956996/


Company and Executives give me zero reasons to care

I just do enough in log in the hours and collect a paycheck. The place is the walking dead. Nobody cares. Stankey just doesn't remotely come close to having that It factor that you would get behind and do battle for. Most would give him a giant shove into the line of fire.


Executive compensation caused company profit decline???

Can someone help me understand, Dan Lyons said the reason why company profit was lower in Q1 was driven by executives compensation due to 50,% run up in company stock price. Is this real?

Profits took a hit partly because of a dramatic runup in the company’s stock price, a rally that continued with the war in Iran. Part of the company’s compensation package for executives is linked to its share price — when the price goes up, so does the value of compensation.

The company’s stock rose by close to 50 per cent during the first few months of the year, resulting in “higher incentive compensation charges,” which weighed on profits, said Daniel Lyons, senior vice-president of finance and administration.

The charges amounted to $143 million after tax, Lyons said.

So are all executives having a party??

https://ca.finance.yahoo.com/news/imperial-oil-cuts-130-jobs-121636913.html