I still love where they said at the Husky acquisition that no one was getting retention bonuses. Until someone read the deal and it showed the executives walking away with $30 million in retention bonuses. Oops.
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Get used to it. This is accountants and lawyers looking after accountants and lawyers. There isn't another respectable company outside Calgary that would have most O&G executives because most are just outright failures and operating 30 years in the past. They couldn't make it on Wall St. or Bay St., so here they are, taking care of each other, playing some musical chairs and lining each others pockets.
Our Husky leader gave the retention bonuses to his Husky team leads only. Cenovus leaders likely have them to Cenovus staff. Heavy unconscious bias with no HR oversight as usual.
I was just a regular individual worker but got a retention bonus. Was told it was for people with skill sets they didn’t want to loose during the transition. Wasn’t lots, maybe $25k. Had to stay a minimum 6 months. Had to sign NDA so I guess I could be in trouble now…
Well one just bit the dust, hope she’s figured out how to bask in the privilege of $5m worth of retention bonus!
Not just Executives. Many people received retention bonuses. RSU’s paid out over 2 years.
Still whining after all these years?
And where were the executives going to go anyway? No other company would want them!