Thread regarding ExxonMobil Corp. layoffs

The other point is that the RSU program rewards the behaviors that have built up of our toxic culture. The company keeps trying to pivot to the future but have done nothing structurally to change the culture. Without significant culture change, the company will never be able to execute the strategy whatever the strategy is.

RSUs are about to have standard Income Tax applied at time of delivery (not cash-out).
That is why they won't talk about it.
Maybe DW could get up in congress and bawl his tiny heart out.

Them lucky ones going to be taxed Now!
and why not?

When I first joined the company I was in a Welcome to ExxonMobil training session. Someone asked about RSUs and HR spoke up and said "we don't discuss that". For some reason they think it needs to be secretive.

RSUs start at CL26, for top rankers. They are very slow to mature (half at 3 years, half at 7 years). The higher the CL and the higher the rank group the more RSUs you get. They are actually quite paltry until you hit CL 28-29 with a good ranking. CL30 probably has 50% of income coming in as RSUs...then just look at MC to see the top end of what RSUs can get you.

For most commoners RSUs have absolutely 0 factor in whether to stay with the company...because they aren't worth enough...especially when the stock price is down. Something like $10k in 3 years and another $10k in 7 years...that is nothing. Now if you get to the point where you are getting them every year...and getting more of them every year (e.g., CL28/29+)...then it can be a lot once they start rolling in. Could be $100k every year.

CL30+ are riding the gravy train....true golden handcuffs. They are completely unaffected by raises (or lack there of) to base salary. They are also the ones making decisions about salaries and dividends (which is where they line their own pockets at the expense of the pleebs).

Oh schitt, the secrets out. People that are smarter than you make more money.

Ok, #hotshots