According to Simply Wall Street Charles "The Cleaver" Treadway's total compensation is 283% above industry average. $12m for 2023 which was a 16% increase from the prior year. In a year when the 401k match was turned off and people were not given a raise.
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The slt are literally cutting jobs,bonuses ,pay merits,pensions,healthcare.why?
They tell us to save the company...
Nope !! To pay themselves big fat bonus,pay rises like 16% or free stock options.
They have no respect for employees.moral code is long gone. we are seen as the gum stuck on the bottom of their shoes.
He has the nerve to come to the town hall call to talk about cost savings then take money and benefits away from us. Now he’s rewarding himself. What about all this cost savings? Is it really to save CS or for his greedy a$s?
Chuck if you’re reading this, f@ck you.
This lot are too proud, too sure of themselves and live for that status that they could never reach elsewhere.
This is a complete failure and despite the downfall starting after the Arris acquisition and before Chuck's time, nobody can say that he hasn't been in position long enough to have come up with a plan to turn things around. He has had time and I think we all know it's a mountainous task to overcome the debt pile that they have, but he'd have known what he was getting into when handed the position.
Maybe he came in knowing, well this mess isn't mine so if it all goes wrong, he's thinking he is blameless anyway as the rot started before he arrived. Giving the Home Networks away in exchange for shares in Vantiva has helped how exactly?
I recall a comment here a few months ago where someone said that no company gives the middle finger harder than CommScope. Whoever said that, they are right.
While Chuck was not the person who executed the disastrous Arris acquisition which resulted in the current debt burden, he should be replaced for not placing the company on a growth trajectory. In any other company, he would have been replaced once it became apparent that CS Next hadn't delivered the expected EBITDA numbers.
He gave HN away which was unexpected. No cash to proceeds to pay down the debt. Long ago, failed leaders would do the decent thing and resign.
Saved shareholders? I don't think so. I'm someone with shares in CommScope and far from happy. I think all he has done is royally fk everyone off. Certainly bent the employees over, no less.
That's what vultures do.
I wonder what averages the board were looking at and where they came from. Did Chucky boy provide them himself. Who even says he is average? Don't make me laugh.
Well, he has been quite successful in making sure the corporate jets get fully utilized lol.
Well, Chuck DID save the shareholders tons of money by suspending 401k match (and raises.)
Whew! Just remember the answer they gave when asked to justify his raise...they claimed he was under market value and the board thought it best to bring him up to average. This paints the true story. Out with the board, Chuck, everyone. Bankruptcy is for the best at this point. The captain ain't going down with this titanic!
Agreed. To ask employees to give up merit increases and retirement contributions and meanwhile you take a pay increase is disgusting and plain wrong. Not to mention how excessive his pay is in the first place. What has he accomplished since taking over?