Wow, just wow …
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- 5% here.
Looney gave himself a $3.3 million bonus. Imagine how much more he would have received if the stock wasn’t trading at 1996 prices. Shareholders received a 0% increase in the dividend after blowout earnings.
Got 4.1
Its called smart accounting. smaller raise that limits future liability then more flexibility down the rode when you cull the herd less payout. every other industry been doing this for years get used to it spoiled people
Rationalize an effective 4 percent paycut and see how that works out in the long run
And Inflation doesn’t have nearly the impact on upper echelon of salaries— but keep thinking that Bernie is sacrificing himself for the “little people”
I am sure Bernie and the EVPs received a 3% raise too. Stop complaining.
Considering inflation is over 7% and the company had 8-year high profits last year, what do you think?
Wow good or wow bad?
If you think about it, it’s smart to reward a higher bonus which is what they did. I think they gave 2-3% higher than they had to.. Then when the next round of cuts happens it helps control severance costs somewhat keeping salaries lower.