He had the nerve to happily accept a 25% raise while sending us an email that there will be no raises across the company. That's $125K raise, folks! Same job, poor financial performance, but gets mo' money. We're not talkin receiving the usual piss poor STX cost of living adjustment of 1% that he withheld from us, but a huge raise for the same crap job he does. Get rid of him!
Corporate greed! Let's hear the boos when he speaks at All Hands Meeting!
I like how the question of Morton's raise was handled at the qtrly meeting. "It was a decision by the board of directors, not us." I find that highly insulting, considering that executive pay is proposed by the executive team and advanced to the BOD for a vote. The BOD do not establish the pay or raises of the executive, they just sign off on the proposals.
Morton bragged about his 11 hour finish in the Leadville 100 mtb race over the weekend. He just threw this in for whatever irrelevant reason in his 10 minutes of nonsense. Must be, I just got a 25% raise, so I will go to Colorado and spend the weekend mountain biking! Weird!
typical dog and pony show. a couple shiny new ponies (video clips) someone paid a pretty penny for. the usual blather about caring about people. but, oh yeah, we're not done with restructuring yet. and so on and so on.
How was it? I missed it...
I will also take the afternoon off and enjoy a walk in the park. If I hear anything interesting was said, I'll watch the video of it. There hasn't been anything worth viewing since Watkins's comedy skit performances. hahaha. Also a long time vet who has heard it all. If recent years is any indicator they will NEVER ANSWER the tough questions posed on the ask seagate board. They get paid millions of dollars and dodge every single tough question they can.
I will not be attending the meeting.Instead some co-workers and i will go out to lunch and then a few breweries.I look forward to the free afternoon off.
A-- 20 year veteran i quit going to these meetings 10 years ago.It has become so predictable what they are going to say.
Someone mentioned seeing exec faces if no one showe up to the LCO all hands meeting. Maybe not a bad idea. Instead of boo'ing, how about no one shows up to the all hands? A boycott.
A year ago, after 10 years I left of my own accord, couldn't take the depressing environment anymore. Not sure why I come back to read this forum, morbid curiosity? Probably all the friends I still have there. I'd love to see the exec faces if no one came to their all-hands. Literally, no one. Just remember there's life after STX. Life has been good on the outside.
Wtf
The top guys view hard workers who put in a lot of extra effort and hours as useful idiots. They will tend to keep them off the RIF list though. People who are getting 4's or 5's are getting a few thousand extra than 3's and a pat on the back. The top management thinks being able to keep your job is reward enough and they literally laugh their asses off at their ability to scare people into working their asses off. It's all become so obvious though that it's not really working anymore with more and more top marks people wanting the checks.
They dont care about the average joe..they dont care if you can or cannot pay your bills.Its depressing working for seagate,the low morale,poor pay and "bonus",there is no incentive to work harder or even care about your job.
You guys are real idiots. Morton doesnt want to be on this sinking ship. You want talented people to join or stay with STX you have to reward him. I bet $125k which is change at that level keeps him another 6 month to 2 years. The real money C-Levels are crying over is the Vested RSUs. Give M-Dog a break. I wouldn't want to tell Big D Mosley to stop dreaming about MC hammer.
Agreed. Layoff a bunch of people, make money for shareholders...but, how many times has he met the forecast he gives on the earnings call? A couple of times in 2 years? Maybe? What a joke!
$125K is a drop in the bucket comparing to how much he saved the company by laying off people. You got to admire his success. From stockholders perspective, he is saving company nearly a billion.
Laid off almost 9k employees from last year then raise a CFO salary. What a great company.