Cut executive compensation in half

The ELT (captain and officers) are just going for the ride. Why not cut the executive compensation 50 percent. They could either leave or get to work. Remember, at the last shareholder meeting, the ELT was publicly embarrassed when 68 percent of voting shares went against the excessive executive compensation. Shareholders have tolerated enough value destruction & dividend income destruction. Employees have tolerated enough layoff uncertainty. ELT needs to feel some pain. Cut the compensation 50 percent. They can either leave or get to work. Their choice. The free boat ride is over.

Originally posted by @OrhFSxd-xps.

Comment! It's anonymous!

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Who's surprised? They're shareholders and only care about the bottom line - increasing their value. They don't give a damn about the working (non-ELT) people who dedicate their lives to making this company successful.

This is how it is supposed to be - they're job is to increase shareholder value which is why they have so much variable compensation...gives them incentive to make the stock price go up

You must be in finance cause you seem to understand this concept quite well :)

I heard one of the executives say that the vote was actually against the whole COP compensation for all the employees, not just the ELT. That didn't sit well with me.

ELT vendetta again!

If they were to be paid for their performance they would get paid $1 for the year just enough to keep them active in the payroll system.

This is the real way to make America great again.

Thread regarding ConocoPhillips layoffs

Cut executive compensation in half

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