Here is what I was thinking when I heard the remarks during the town hall. If memory serves me right our CEO was granted over 700k shares worth $18 million in 2020. At the price our stock hit this week $84, that is worth almost $62 million. We won’t even factor the other bonuses etc given in cash that year or last year. Not sure about anyone else but I wasn’t granted any stock for the amount I lost in stock or think about no raises for 2020, and the same small raise for 2021 and 2022. I like the guy and think we are doing well as a company but my goodness. So when I hear that message from the top about adjustments for inflation it feels like the board and management may just be a little out of touch with reality for the majority of employees with compensation. No one will argue that we had a wonderful year for bonuses but that is one piece of compensation that is not guaranteed. Raises should get some more attention. And that’s all I have to say about that.
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How can we have money for a crazy number of VPs & not afford to spend a penny on us. Such a horrible place to be. I’m not appreciated and it’s toxic here. our manager gave up a year ago. He pretty much told us so.
Truthfully, he doesn’t care about you or what you think about him. If you feel slighted from a compensation standpoint, start looking. It won’t get any better unfortunately. This advice is the same that I am following currently.
I think the messaging was clear, leadership doesn’t think raises are necessary.
I think that is why people are leaving and people are looking at new jobs. That kind of attitude isn’t going to keep good employees.