Inspirational stuff from the 2026 Proxy Statement. Bill’s total compensation jumped from $22M to over $29M (32%) this year. Meanwhile, in the cubicles, we’re out here debating if our 1.5% merit raise covers the gas for the new 5-day RTO mandate. Truly a masterclass in 'Leading the Way.' Thanks for the motivation, Bill!
https://pex.broadridge.com/getdocument.asp?doc=4CC6BB74616CC807E06317289D0A6255&type=edgar#3547022_1074842_1074924
Liar. Just a straight up Liar.
Ai worker agent budgets are directly impacting raises this year. And will every year going forward.
This company has been floating bad compensation for a long time and you're the kind of fu---r that makes it happen.
If you are a shareholder vote against the pay increase. I would also vote against the board members that support the increase as well, if fact that is what i did last week. As a shareholder you have a voice and a say. PNC Is owned by the shareholders and employees of the company.
@pw Your boat should find another port.
@tp editing my post: “rain”, not “twin”.
@db C’mon man. CEO’s and other execs are paid in several forms. The biggest piece is stock-based incentives and nobody “votes” stock performance. It’s not a budget item, and Bill’s comp affecting me is like saying twin in Kansas affects crops in Texas. My comp doesn’t impact you and yours doesn’t impact me.
I see your point on my “higher value job” comment but that’s not what I meant. No, not everyone should be CEO, but the only way to make more money is to develop a higher valued skill set. Based on the gap between CEO and average worker, no raise amount or bonus would bridge that gap.
I get the frustrations at comp. It’s not mocking the question but addressing the reality.
@pw If that wasn't enough for you, just wait until they move folks out of tech tower and into Firstside...
@d0 You are quite the critic aren’t you! 1.5% is just a joke! And you know it! That’s doesn’t even cover the increase in the cost of living. Good for you that you moved up the ladder. Not everyone wants to do that. Maybe that person and myself included like what we currently do and we do it WELL! If the company does well(which we/PNC usually does) all employees doing their job well should benefit! Not just the CEOs and higher ups! At least being able to work remotely compensated for where the raises fell short. Now we are just getting sc--wed all around. It’s really such a shame. I came to PNC for the work life balance which apparently isn’t important to PNC anymore. I don’t even know how I’m going to afford commuting 1 hr 15 min 5 days/week! It’s a real
Concern for thousands in the same boat.
@db Thanks for the time put into this response, because it perfectly encapsulates what many of us are experiencing/seeing/going through at the moment. C-Suite only gets angry when we "complain" about our compensation being unfair because it means less for them. Despite 90% of the budget being in their literal satin lined pockets and Chanel handbags.
@d0
A few things to correct here.
“His pay doesn’t impact you” is just wrong. Compensation is a budget. The same board that signed off on a 32% raise for one person signed off on 1.5% for everyone else. Those numbers live in the same spreadsheet. Executive pay and workforce pay aren’t separate universes no matter how much you want them to be.
“Just get a higher value job” means what exactly? Everyone who noticed the gap should go become a CEO? The company needs engineers, analysts, ops, support staff. Those people aren’t failing to ascend, they’re doing the work the company runs on. Saying they deserve less because they haven’t climbed high enough isn’t some hard truth, it’s just a way to avoid the point.
Calling it whining doesn’t make the math wrong. It just means you’d rather mock the question than answer it.
Noticing that the gap widened 32% in one year while your real pay went backward isn’t jealousy. It’s arithmetic.
Just like when you stayed home for a few years you took a 1.5% decrease, right? Bill doesn’t set his own pay, nor yours. I’m proud of the fact that the company to which I give so much time and effort is doing well. His (and many others’) benefiting from that doesn’t impact you or me in the least. So tired of this annual drag: the CEO makes so much and I don’t make enough. It’s not fair. He should pay me more. He gets this, I have to do that. I should be able to work where, when, and however I want. Waaaaaah. You want to make more money? Ascend to a higher value job. That’s what he did, that’s what I did, that’s what we all do. Cue the downvotes and angry eyes now….