Anyone else sick of ebitda ruining the vcip??
19 replies (most recent on top)
@mf yeah, because they are a better company than we are and performed well.
Be thankful you still have a job!
Most of you in Bville are useless.
Don’t like it leave door swings out, and don’t let it hit you in the a-s.
In case any of you haven't noticed.....the days of 180% or 190% are over. When they gave 166% a few years back, it should have been much higher. They have been giving paycuts via making VCIP targets purposely unachievable. This is boiling frog strategy, and we are in the pot. This has been extremely purposeful. The old 150% average is now 130%. They gave everybody paycuts and didn't have the nutsack to just say it directly. Everybody can make more money by leaving. Plan accordingly. They don't fu--ing care about you.
Valero got 200%
For an additional data point
True, COP got 150% as the Corporate award, and then there was additional uplift. Their targets are also higher than ours, as are RSUs and 401k contribution. Thanks consultants and Toilet Paper!
Ebita is a useless measure of a companies financial strength. As usual p66 is late to the party.
ConocoPhillips got 150%
Just thought I'd share!
@a7 not just the totals either. 2024 was 8% impaired vs target, to 5% for 2025
Since they are making so many more shareholders in this stupid new rating system, make sure to vote no each year when they ask to gave the board raises!
134% is basically the board and ELT grading employees with a D+. In other words, “you’re doing ok-good but nowhere near great.” The hypocrisy of this outcome and the entire narrative leading up to is glowing. Now watch SEC notices over the coming months and you’ll see the shocking disparity between how the executives will be rewarded versus how the employee was rewarded. Unbelievable
In hindsight, the propaganda video put out by the investor relations mafia to “help us understand” earnings on the eve of VCIP day makes a lot more sense… GoGo gaslit tf outta us until he gave us an 88% payout on EBITDA.
Well yeah, but hey you got a couple grand in RSUs that you can access over the next three years, so that makes up for how much less you're getting now than you would have...
Add in the changes to the performance system as another kick to the groin where the majority receives no bump despite being “high performers”.
That is really disheartening. EBITDA reward for 2024 was 90%, despite lower earnings (both raw and adjusted) than 2025.
Nobody is throwing Gatorade celebrating the wins for the low end VCIP. Maybe the out of touch C-Suite is flipping the buckets on themselves.
Numbers and explanations are AI generated
@a2 Go ahead and sit this one out! It’s not a complaint. It’s a question that apparently doesn’t align with your opinions or perspective. You are entitled to both, but not your own facts. “Most companies”, can you back that opinion up with facts? Have a seat.
Apparently safety doesn't mean sh-t contrary to what fu-----d says. What the fu--s an ebitda anyway🤣 Full speed ahead ya losers!
How can we possibly have a lower percentage payout from EBITA in 2025 then in 2024? I call Bulls*t!!!!