How can ELT win the employees back? This destructive layoff and lack of accountability has crushed any motivation. Outside of badly needed new leadership, how do they recover?
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MW received $32.7 million reasons not to be concerned about employee feelings or morale. This is his seventh year as CEO so even at $20 million a year, that does add up.
Depends you all want to continue pulling these stunts? Hahaha!!
MW's legacy is just about propping the share price up and reducing opex via layoffs to offset the losses of his failed initiatives. Pretty sad when the opex savings from layoffs is nearly equivalent to share buybacks to artificially inflate our share price.
“ He got 120Million in total comp last year. I think he will be okay”
Where did you come up with that number? He made a quarter of that in 2024.
@am+1jyeyrct3, not sure how long have you been the company with, it has been almost 2 decades for me and my max is 1.8 but of course that was long time ago :( good old days.
Sir this is a Wendy’s
I think OP is mistaken that MW is seeking validation from the employees or that he is worried about post-layoff morale. You posted for and kept a job; get to work.
When circadian first came out and recommended getting exercise equipment for employees… I engaged our superintendent to get us exercise equipment. I said circadian, but I said it would also help morale and employee health. His response was, we have 200 tank climbers in El Segundo in Richmond…
He don’t give a damn
He got 120Million in total comp last year. I think he will be okay
MW doesn’t care what you think.
He’s not worried about recovering. He’s laughing his way to the bank.
Hess team comes in and saves the day
He just hopes that the people he hires to replace you can at least Spell "morale".
He does not care, his objective and goal is not the employee satisfaction or high moral. It os all about cost cutting and financial metrics he has on his PMP.
Decent bonus. Watch our share price increase. That’s pretty much that
- 7 CIP and this never happened
Why does that matter and why would you think that bothers him or anyone else? If you don't perform satisfactorily you will be the next one cut. Win-win. What makes that so hard to understand?
My guess is he retires after the Hess deal closes (or fails).