Is it true that Devon funded its 2015 bonus pool at 90%?
6 replies (most recent on top)
All the 28 employees left at the end of the week will get a great bonus.
At Devon, that only results in employees who met all their goals collecting about 75% of the bonus that was their target, and then literally 40% of that amount gets eaten up in taxes. The remainder is well less than 10% annual salary. Enough to fend off bankruptcy for a month or two. Keep in mind devon was hedged well at an effective price close to $70 all of last year. Wouldn't be right to not pay people their bonus for last year because this year is going to be bad. They made the money on last year's books. People getting laid off are getting their bonus too. The downturn says nothing bad about oil employees' work performance. Next year's bonus will be abysmally low so...
yep it's true
Spot on.
Nunya business!
True