What a crock. First the RIFs. Then cost cutting measures. Workload higher than ever. Now no mid-year bonus. BUT the stock holders get a near record high $0.70/share dividend.
Wonder how much of this $145 M is going to the execs?
10 replies (most recent on top)
More RIF coming?
The dividend is HOW they keep the stock price up so those RSUs are worth something. Look at what happened to WD stock when their CEO halted the dividend 3 years ago. If we stopped our dividend there's very little to differentate us vs WD from an investment perspective.
The dividend is chump change compered to the RSU shares that are given at zero cost. What would you rather get a fee percent on a share or the share it’s self?? Just look at total compensation reported for the big cheese vers his annual salary. The CFO did even better.
This is dog bites man news. They've been using this ploy for decades to keep the stock price up.
The worse things get they need to juice the stock price with something when performance is lacking.
The secret is that the dividend is the real exec bonus. Jokes on you.
Workload higher..This must be the joke of the century. Show me someone here in LCO who works on his computer past 5pm, I will shave my head
hamr will save it all, smile and be happy
What was in the email referenced here? Are RIFs continuing?
Just read the email. My first thought was “fudge”. The RIFd got the better deal. Will there be a severance in the next one? As one passed over for the last RIF, my reality is now more work, unreasonable schedule, and working with many that are somewhat clueless. The talent pool in that last RIF was definitely making up for the limited skill sets of some that remained.
Unfortunately this is the cost of keeping investors that won't raise a stink and demand the company put itself up for sale. They want quiet investors who would rather sit back and collect that quarterly check. My issue is they won't throttle the dividend back a bit when times are tough and look for cost cuts from cutting employees instead.