Do you know that an average German employee has to work around 360 years only to make an equivalent of what Christian Klein gets as a bonus in a year?
Shocking, isn’t it?
But not really.
In most companies, executive bonuses are a fraction of their salary unless they have a very good year. At SAP, executive bonuses are several times their salaries even with drastic drops in the share price and losing shareholder confidence.
Such high bonuses are made possible because of a supervisory board that prefers to give more money to the board and group executives over actually giving more value to shareholders. Since CK joined the board, there has been a tremendous push to increase executive bonuses and reduce employee bonuses.
There was a proposal to pay executive bonuses in RSUs so their remuneration is based on their performance. But it was shot down by them.
Sales have been trying to get more European government contracts but we’re losing them instead because CK is forcing governments to use Palantir and American cloud companies and they don’t want that.
Product and Engineering has been trying to bring all SAP products together to create a seamless end user experience. But they’re asked to stop and instead put customer data in a memory which is accessible to chatbots from American companies in the name of AI.
Engineers have been learning new skills to be better at their work but they are told that being an expert is no good and the only way to grow is by getting on a management track.
Customers are asking for important features in core SAP products and they are told that they should focus on AI slop instead because it’ll be easier for them to lay off their own employees with the help of SAP.
Employees are just asking for fair salary increases and basic human respect. But executives are treating them as dental plaque that needs to be removed with each cleaning. And executives are doubling down to keep them in fear of losing their livelihoods because it’s fun for them.
Shareholders are asking for SAP to have a decent realistic product roadmap and sustainable growth. But instead, they are getting more bull excr-ment called autonomous enterprise which is just frankly bad marketing. And they’re being blamed for not being open to innovation when the share price falls.
We’ve truly reached an interesting age of capitalism where a handful of people who have many times the wealth necessary for a lifetime are exploiting hard working people so they can amass even more wealth.
Their biggest enablers are the supervisory board and group executives and CK fanboys. Stop supporting these freaks.
What can we do to stop this transfer of wealth from shareholders to the pockets of these executives?