The only thing I’ve heard is that they will probably wait until after the fiscal year, so after Sept 1st, because they ran out of severance money for this fiscal year. Not sure how true that is. maybe they’ll just not give any raises or bonuses again this year so people leave on their own.
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I am sorry I never believed that story that he told that the board made a statement to him about not paying bonuses 2 years in a row. Pessina doesn’t care about paying bonuses ever. That smelled like a BS story as soon as I heard that.
So much for the CEO's promise of paying out bonuses this year....
Seems as though the C-suite has become very concerned about how much debt they have and trying to get rid of some of it by selling the rest of what they could sell of Cencora shares and not sure how well they did trying to sell 3/4 of a billion in unsecured notes this past weekend. Seems like they are scrambling a bit
There was an office hours on Tuesday where it was mentioned that bonuses are not happening because bonus metrics will not be met. They are looking at doing a merit based “bonus”? As for raises, they said there will be merit increases. Who knows if that means 1-2% tho