Special incentives to retain the top 5 members of management through the bankruptcy:
http://www.kccllc.net/windstream/document/1922312190423000000000021
21 replies (most recent on top)
I don’t understand why you guys don’t just leave the company.
HEREBY ORDERED THAT:
The Motion is granted as set forth herein.
The Debtors’ KEIP is hereby approved.
The Debtors are authorized to take all actions necessary to implement the KEIP on
the terms and conditions set forth in the Motion, including making any payments that become due
pursuant to the terms of the KEIP.
Read what was filed. It’s a motion from management for the judge to approve the KEIP.
It hasn’t been approved by the judge although it probably will be if there are no objections filed.
They are trying to get as much money out of this company before they sell. They want to walk out the door with as much money as possible and screw everyone else.
To the poster below me....He/she is not wrong....
No comment on the content of this post, just want to thank @YJACAIe-bvj for the anology and reward them with a bag full of d!cks I encourage them to eat!
So, the "top 5" get 20 million if the fire enough of us to hit the magic number.
The only recourse is to expell less effort and goof off until let go. Who knows, based on the utterly dismal results the pukes getting retention bonuses I might get one.....if I can just get myself to lower my work quality to the leaderships level.
If you break down at work daily, why don’t you go work somewhere else? Why would you do that to yourself? You can drop them as fast as they can drop you.
It’s like fat people saying “mah thyroid izzues” when they know damn well it’s their own fault.
This is capitalism. There is greed at every level of every company. Companies go bankrupt every single day for a variety of reasons. 95% of all CLECs that have ever existed are long gone. Either swollowed up or bellied up. The fact that Windstream has managed to make it this far is actually surprising even though they are slowly getting away from that business model because it is no longer cost effective.
I wonder if we will see this posted on stream. LMAO
Why don't these thieves set a good example and give the money to charity.
I nearly breakdown at work daily. So many lies and such greed. Rarely does the Leadship come out in the open as they must sense the hate and anger towards them. PLEASE...choke on your greed and diiiiiiieee. Same for any judge allowing such c-ap
Is he going to discuss this with his wife and cry again? what a phony.
Update the Individual KEIP Values:
President and Chief Executive Officer $0 $2,565,000 $5,130,000 $10,260,000
Should cut to $100,000 per year
Chief Financial Officer and Treasurer $0 $950,000 $1,900,000 $3,800,000
Cut to $100,000 per year
President-Enterprise & Wholesale $0 $570,000 $1,140,000 $2,280,000
Cut to $100,000 per year
President-Kinetic $0 $540,000 $1,080,000 $2,160,000
Cut to $100,000 per year
Executive Vice President-General Counsel &
Corporate Secretary $0 $390,625 $781,250 $1,562,500
Cut to $75,000 per year
With all that money saved, WINMQ could use it to upgrade their facilities. But this will never happen.
it's only money, these thieves will have to answer to god one day. we're not buying your bs anymore TT, go stick that money where the sun don't shine.
Don't read this. Made me want to puke. I would be ashamed t-bag. WIn needs their leadership? I say what leadership. I have never seen them show any as they skillfully lost 5 9's of the company's value.
HEREBY ORDERED THAT:
-
The Motion is granted as set forth herein.
-
The Debtors’ KEIP is hereby approved.
-
The Debtors are authorized to take all actions necessary to implement the KEIP on
the terms and conditions set forth in the Motion, including making any payments that become due
pursuant to the terms of the KEIP.
Just for a quick look inside document..
Values are: below, min, meets, max of target value
Individual KEIP Values
President and Chief Executive Officer $0 $2,565,000 $5,130,000 $10,260,000
Chief Financial Officer and Treasurer $0 $950,000 $1,900,000 $3,800,000
President-Enterprise & Wholesale $0 $570,000 $1,140,000 $2,280,000
President-Kinetic $0 $540,000 $1,080,000 $2,160,000
Executive Vice President-General Counsel &
Corporate Secretary $0 $390,625 $781,250 $1,562,500
Total Award Values $0 $5,015,625 $10,031,250 $20,062,500
Correct me if I am wrong, this is on top of his normal yearly incentives and that $2 million signing bonus.
they are not even trying to hide it at this point, they're just spitting on the employees faces now. these are the people who caused this and now they're getting more money to "fix" it. literally a bunch of cr00ks.
What a bunch of prick m------f----s