I am glad that my manager has kept my merit increases at a average of a reasonable 2% for the last few years so that we could 1) increase shareholder value, 2) keep staffing expenses manageable and 3) fund higher salaries for the top two executives at BNY. Source = 2026 Executive Comp slides from the Proxy Statement.
Discussions and counter views welcome.
I donated my entire "merit increase" to the cause this year. I'm glad some board member got my 2%. I'm sure they both needed and deserved it more than I did.
Don't forget spending on putting a tiny logo on a useless F1 team car.
@ba I donated it to the BNY PAC.
The must have held a howitzer pointed at him when he made that statement.
You couldn't be more tone deaf to the people keeping the bank's motor humming and the lights on!
What a putz!
If you really care about the good fortunes of BNY and sustaining growth, you'll donate back 1% of your merit increase to show your loyalty!
This is absolutely the right mindset we need from our employees. The P-M model has made it possible to get this kind of mindset infused into the organization.