Thread regarding McDermott International Inc. layoffs

Retention Bonus Award Agreements

Well, MDR finally got access to 1.7 billion dollars in financing......to bail them out of this terrible mess they've created.....and guess who's getting bonuses with this borrowed money??? DD takes the lead with $3.3 mil....Mukherjee comes in 2nd with $1.4 mil and Stewie gets a mere $1.3 mil. PAID WITH BORROWED MONEY THAT'S SUPPOSED TO "SAVE" THE COMPANY.

I wonder how employees that haven't received raises in YEARS feel about these bonuses during this hard time? And what about those poor vendors that haven't been paid in months/years???

This display is sickening and shows the true priorities of the board and executive committee!!!

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| 3621 views | | 7 replies (last October 28, 2019) | Reply
Post ID: @OP+11DKNcT1

7 replies (most recent on top)

Bonuses paid with borrowed money are appreciated by more than will admit it.

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Post ID: @7dkt+11DKNcT1

Good. Let's all move to Redditt or 4Chan
Post in code

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Post ID: @1hxm+11DKNcT1

Comments will be removed

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Post ID: @1bry+11DKNcT1

DD to the Board:
"Look at all this money we borrowed. There is so much. You should let me wet my beak a little. I don't want a lot. Just enough to wet my beak."

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Post ID: @1jhy+11DKNcT1

Retention bonus? I am blown away.

Where else are these people really going to go?!?!?! Not many companies out there that want their share price to drop more than 90%.

DD and SM should feel lucky they still have a job. They have a lot of nerve thinking they deserve any sort of bonus at all. MDR’s Board needs to be voted out.

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Post ID: @1kot+11DKNcT1

I'm proud to work for a company that gets a $1.7bn lifeline, blatantly and publicly squanders it by rewarding failure, and loses 1/3 of their market cap in a day!

Hey, Bloomberg! Hey, WSJ! Are you paying attention?

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Post ID: @1rss+11DKNcT1

Serious question: How does paying bonuses with borrowed money create shareholder wealth?

The first and only responsibility the Board has, is to build and create shareholder wealth. Did DD threaten to resign if he didn’t get a bonus? (Please, don’t do us any favors) Did Mukherjee threaten to quit if he didn’t get a bonus? (Please, the whole world is still trying to figure out what you do) Did Stewie threaten to quit if he didn’t get a bonus? (Laughable in so many ways). And those are just the bonuses that were listed! If you are not listed as an “executive” in the SEC filings, your compensation can remain undisclosed. This means there is an entire level of bloated salaries that belong to men who produce nothing (except reciting DD marching orders) who don’t have to list their bonuses. DD and his band of lemmings have used this crisis to line their own pockets.

Thank you DD! Once again, you haven’t let us down! You are exactly what we know you are!

A person who is great at borrowing money, but really bad at paying his bills.

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Post ID: @xvp+11DKNcT1

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