The Long Term Incentive program that Tom waxed so eloquently about at the GEM is potentially lucrative....if you're a technical resource. I saw the LTI report for my teams and the non-technical people on my team get....absolutely nothing. $0. A very clear message that they have no future here if they wanted to build one and aren't considered valuable, no matter their level of engagement or contributions.
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It mostly went to VP and above this time. They just wanted people to stay longer.
LTI was extremely limited. Even very high performers didn’t get any or very little. The LTI has so many restrictions anyways so it’s not as lucrative as RSUs in the past.
Was there an explanation why there was no grant for many employees listed as eligible?
"How many 'pie in the sky promises' have been made by this leadership"
Customers are asking us the same question, and they're equally unimpressed. They say there's no incentive for them to continue using our products. And I don't blame them.
How many pie in the sky promises have been made by this leadership (and the ones that left on golden parachutes) have already failed to pan out as anything but BS?
If there was a union he would bust it up faster than he shoves sausage up his pie hole.
I got a rock.
No. They didn’t lie about eligibility. Names were all on the list but only a few were selected, so don’t be sad if you were only awarded 0 shares. That’s way better than no plan at all. Don’t you want to work for a company that has stocks?
They also didn’t lie about how we all qualify for the max 401k match, but only if you earn $400k+. Just earn more money then you can make the rules.
Also, don’t forget to show up to the office every day and work from home over the weekends and nights so you can get the +150% bonus multiplier, which will be applied to 0% bonus if the investors don’t get enough profits.
They lied about eligibility.
$0 for me too
Zero LTI , big surprise.
I promise, all will be well sometime in the future - what a vision!
Any person smart enough to qualify for LTI should heavily discount the long term potential of any promises. It could all be a ruse to drag you along another year, just like the 2022 bonus being held hostage into 2024, the delay in implementing the LTI plan, the staggered promotion and merit cycles. Remember, you don’t see any of the stock if you’re laid off before vesting. Each passing month is more money going to the investors, the real stock holders, and not to the workers.
The conversations need to happen this week, as they'll be visible to employees in Workday beginning Monday May 22nd.
Did they communicate to individuals yet their numbers?