If your team was behind in a football game 49-4 you would be firing the coaching staff. Instead TDC's board compensates their ELT without heavily factoring in revenue growth, stock price appreciation, or market cap. What a sham. TDC posted flat revenue for Q1 and forecasts a revenue decline for the year. CEO says he's "proud of the results" along with a bunch of other stuff like "our strategy is working." The ELT is getting rich while the company and average employee is circling the drain. Corporate governance does not exist and it is laughable for TDC to talk about being one of the most ethical companies.
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Wow - what does TDC have to show for over $20M paid to SM last two years? Throw in another $50M across the ELT and McKinsey. The BOD is complacent to get their advisory fees and stock while one after another RIF occurs so the ELT can hit their OI target and get 100% of their bonuses. With RSUs they make money even if the stock declines. This whole thing smells of conflict of interest with no real checks and balances. Talk about privilege, but "executive privilege" is not covered in our mandatory HR ethics training.
https://www.execpay.org/executive/stephen-mcmillan-37842/r-176386