Shell - 158%
Valero - 194%
39 replies (most recent on top)
That discretionary play just keeps that nugget out of reach. Bout time to drag up!
I agree - it’s not a real calculation and the ELT has their “finger in the scale” so it pays more, making them look successful. I guess 178%.
High stock price doesn’t dilute Stock grants as it allows a higher payout for the grants given before (1 to 3 years ago). In the current year, it’s a sum certain, so you get less shares, but the expense is the same.
They really sc--wed up moving raises to mid year. This was one place they could offer hope and show good will, moving it to mid year makes it a lot easier for people to leave after bonuses.
I thought I’d never leave, but I would for 80% of what I make if I can go to a place where I believe they will continue to give me the resources to do my job. Nobody wants to think they are doing most of what they need to to do a great job. That’s where we are, in fear of what’s next because we cannot cover all the bases, and AES is already sc--wing up the things that have transitioned (making our jobs much harder).
With all the bragging the ELT has been doing about how BT is working miracles in the company, how could our VCIP be anything other than pretty good?
Bruther, Elliot and McKinsey are going to squeeze benefits and vcip. Expect nothing greater than 100%. Status quo.
They raise the stock price, thereby diluting your RSU’s. Win for them.
At last year’s VCIP Town Hall, I took a lot of notes. Lashier said over and over again how confident he is about the coming year, which portends better VCIPs and better raises for 2024 and future years.
Our stock wasn’t doing anything relative to our peers until Elliot came along and Business Transformation hasn’t saved anywhere close to as much as the ELT says it’s saved, but if them pretending otherwise will get us a good VCIP I’m all for it!
I predict 180. This is partly based on stock value which did very well last year. Another point is both our CEO and CFO have been laser-focused on shareholder value and returns, which should be reflected in the VCIP number. We’ve also been cutting so many costs with Business Transformation and outsourcing overseas.
It seems the way the CEO and CFO measure our success is by improving our numbers every year to justify how well they are doing at running the company. Doing well in the metrics that are used to measure VCIP would make it easier for them to show Elliott that they don’t need outside intervention.
So, if in Lashier’s first full year the VCIP were lower than the previous year, this could be seen to validate Elliott’s thesis, which is the last thing they want. VCIP is based on our key measures for success as a company.
Yeah what about our bonus!?
What's all this about NIL?
NIL with Preparation H would be more appropriate.
We should NIL our stories with National Lampoons. You can’t make this stuff up.
Yeah ole King G was too busy planning his daming of the llano river. Took his eye off the ball….
P66 should have offered packages, with no forced severances, at the start of BT.
A lot of bitterness could have been avoided had they done that.
For those who say “we don’t want to lose our best employees”, if they’d apply for and accept a package they’re thinking about leaving and will probably do so eventually.
Elt geniuses should have offered packages during the ‘vid. Instead stayed fat and happy while the competition leaned out.
Agree on offering packages for those close to 55, he-l, or anyone. Conoco offered those multiple times back in 2014-2016 and it worked out well. Lots of older employees got to ride off on a high and younger employees were given opportunities to move up. It really shifted the age demographics and improved the culture.
With that vcip, I caint even afford dog chow for Snots.
It will be around 160%
Should offer an early buyout package for those interested, say 55+. Older folks make more and then we can bring in younger new hires and save money all around.
Clark, we ain’t getting a pool this year.
Mister, I ought to beat you with a rubber hose.
Jelly of the month club
I hear they are giving us vouchers for free cowboy hats at Borger. VCIP must be bad. 🤠
Been interviewing. Hopefully I can drag up after VCIP too.
I have my resignation letter ready. Once the deposit clears, I’m gone. Transform this!
- 98% more like it. Can’t wait to get my heart broken. 💔
If the last four years has not shown all the ELT’s Plans of restructuring focused on BT and acquisitions and sales and the core focus of the company, then not sure what will. Tim… Beat Valero at all cost P66 is better “2019” ENG Conf.! While focusing on Ben’s efforts ever since…. Good luck for - 198%!
This VCIP is for 2023 but I’m hearing that quite a few employees are leaving the minute it hits their account.
The positive news on Wall Street should boost our vcip right?
HOW MANY ARE DRAGGING ON VCIP PAYOUT!!??
ChatGP got a hold of this I do believe.
Reading these comment used to be entertaining, but after experiencing this nonsense, it is sad. The silly comments are an accurate representation of what is happening at Penny Pinching P66.
That parasite should just keep the VCIP for himself and call it “Me Tribute”’. Subordinates should thank their lucky star stars, that “It”values the safety of employees and maintaining the mechanical integrity of assets. Hip hip Hooray for ”Lashextesion Debris’.
Wait a minute! Why are so many employees leaving?
Didn’t they say that BT was going to make P66 a great place to work?
I'm hopeful for a good VCIP this year. We're still bleeding employees like crazy, think the company might recognize that and try to retain talent with a big gesture.
Or who knows? Could just continue the beatings until morale improves.
🙏198%
Agree, with recent cuts to benefits and cost pressures, I can’t see VCIP exceeding 140%. And we’re doubling and tripling down on that GD chemicals segment when all of our competitors are too. So smart!
161%.
More like 30% since eye lasher took his eye off the ball.
It’s a conspiracy. Playing it up for a horrible payout. In order to save capital.
I heard Mac Daddy McKenzie is squeezing our VCIP to 130% or lower.