https://www.reuters.com/business/ge-cuts-ceo-culps-incentive-grant-after-shareholder-rebuke-2022-03-17/
5 replies (most recent on top)
Honestly LC's and other corp exec's should have their salaries cut by 2/3's as the remaining business is 2/3's smaller than it was. No reason to have an inflated compensation package for 1/3 of the business they used to "manage"
There is always a purpose. He is showing the employees that he lowered his salary by $Millions before he eliminates our salaries. So the layoff victims will see he had some sympathy for us and is also dealing with horrible financial pain. But once our salaries vanish from the number books, his bonus will be massive.
The inflation rate is about 16 percent measured by the same metrics they used in 1980. They just changed the basket of goods and services they use today so that they could report a lower rate. Inflation is at the highest point in history.
Inflation is at 7.5% and I received a 20 cent raise this year. So I feel for the financially strapped CEO.
Time for leadership change. Less focus on corporate greed, investors, and more focus on fixing our benefits, wages, healthcare, and inflation compensation.