Regular person goes broke in the pandemic: 4-hour food bank lines and eviction.

Company goes bankrupt in the pandemic: employees get laid off and the CEO gets a seven-figure bonus (that's not hyperbole - here's a partial list of companies that have done just that):

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Must be nice to make it to the Exec level - get paid for succeeding and paid for failing. All on the backs of the actual productive workers that they underpay

likefunny

I dunno, super high stress job. There is a reason why they get paid so handsomely

funnylike

Ik everyone wants to eat the rich, but you are on the outside looking in. These people do a wild amount of very important work. I understand the “regular employees get nothing while the CEO gets all this money” argument, but I think it’s very one sided since none of you have the other perspective

likesmart

When the CEO expenses every meal and the employee has to expense their own from the farm fresh vending machine.

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Why are you posting KPMG’s client list?

funnylike

If we want EY’s client list just look up recent fraud cases

funnylike

How much more value destruction would occur if the CEO peaced out?

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Real talk, probably not that much

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So you expect the ceo to work for free or the company to navigate bankruptcy without its ceo??

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Most CEOs get wiped out when their companies go bankrupt. Much of their compensation is equity.

If a CEO is truly disastrous, then they won’t be asked to stay on through a chapter 11 re-org. But the CEO of Hertz? Come on, the pandemic crushed the rental car business and it had nothing to do with the CEO’s performance. Having the continuity is valuable. The CEO isn’t going to stay for free. Most of their comp has already evaporated. In circumstances like that, retention bonuses make a ton of sense.

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Are you just now realizing a regular person does NOT equal a CEO? Lol

likeuplifting

Should have been the CEO OP

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Is it a bonus or severance?

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Grinstein took over WHEN delta was in near-bankruptcy. Not before. And he replaced a ton of executives. There was no leadership continuity- it was a leadership change.

He also granted himself $450k in salary with no stock options or other forms of income. And slashed that even further the next year.

That’s the near-literal opposite of multimillion dollar payouts.

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They were likely under contractual obligations to pay the bonuses.

likefunny

Not having to honor contractual obligations is kind of the point of bankruptcy

likeuplifting

Hertz CEO got less than seven figures, probably not stoked when he compares himself to the other ceos on this list

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When are bonuses typically paid out at associate levels? And what is the typical compensation level?

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I joined KPMG india and its been more than a month i hv.not been alloted any project, what shd i do and do kpmg lay off?

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Hi Fishes. I got an offer in UK for 44k Pounds. Work location in UK is Birmingham. My current CTC in India is 19 lpa. Is this offer good enough? Please advise.

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I am in discussion with HP bangalore team for a RPA Developer position.

Total IT Experience : 6.2 years
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RFA M&A fishes 🐠 , how are the comp raises YoY?

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Hi all Could anyone help me with in hand salary. What is RFB benefits.. Do i need to show documents for reimbursement? PwC India PwC
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What is the salary range for technical architecht in Nagarro with 15 yrs of total exp.

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Few of my frnds are suggested if i choose a small company my opportunities in future will narrow down when compared to a reputed. Pls can someone help here?

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A/S/L Readyyyyyy, go!

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Monday morning struggles

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likefunny

So, curious what's your handicap?

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Thoughts on the Mayor’s statement of everyone over the age of two being required to wear a mask regardless of vaccination status?

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What are some subtle forms of sexism you encounter in the office on the daily, and how do you deal with it?

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Noticing brown tips on leaves - why do you think that may happen?

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How much a project manager should get?

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I would come to the office

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likefunnysmart

Welp, KPMG just scrapped the 9/1 return-to-office date and said just return when you feel comfortable.

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Insights greatly appreciated from folks:

How much would it cost (ballpark estimate) to get a kitchen like this remodeled into modern wood cabinets and stainless steel appliances? Located in Los Angeles

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I turned myself into a pickle.

likefunnyhelpful

COVID vaccine seems to be sputtering out for the exact same reason we don't have a single vaccine to offer lifetime protection for the cold or flu. Why did we think COVID would somehow be any different?

likefunny

Wonder what’s going to happen next 🤔

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