Came across a draft of how to explain/handle questions about lower bonuses for people from Andeavor. The advice stinks since it basically states that you should have known this was coming because it was part of the MPC purchase agreement and they told everyone that 2021 bonuses would be paid under the Marathon bonus structure. The 2019 and 2020 bonuses would be paid from whichever bonus structure was higher between the Andeavor or Marathon method. Of course the Andeavor method was always higher and now supervisors and managers have to explain why some peoples bonuses will be 5-15% lower this year. Good luck holding on to some of the good Andeavor people in this market, the geniuses at Marathon can help but keep shooting themselves in the foot.
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Projected bonus is ~170% of target this year. Hopefully they pay it out early this year like they did last year. The board approves the bonus at the end of this month. Hardly makes up for 1.5% raises for this year, however.
Its no secret the bonus targets are lower at MPC than they were at Andeavor. My bonus baseline target was reduced by 3%. Plus MPC is cutting our pay via the Geo Dif by 5%. 2.5 over two years. Please hurry up and sell us. Despise this company
Mpc has deep embedded culture of punching and marginalizing anyone from the “outside”.
Let's see the draft, I will believe it when I see it.
What bonus? LOL
Of course they have to cut bonuses, how else are the executives going to get their big raises?