Found out that the C suite got -$80k/piece for bonuses last year. Meanwhile since February we’ve had two rounds of layoffs and no one in the building has had raises in two years. I am so over this.

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likefunny

Sadly, that’s standard operating procedure.

Not in advertising, in most industries.

$80k is nothing in the bigger picture. If they refused it, they’d only save one mid-level employee.

likesmart

They have layoffs SO they can get their bonuses. Sad but true

likesmart

But still that’s one mid-level employee for every person in the C suite which would make quite a big difference. Maybe even letting some of the creative department work less than 60 hour weeks

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Also $80k is a very, very sad bonus for agency management. Without knowing anything else it was probably given to save the execs from walking.

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Mid level employees cost twice that to save. Takes more than salary to keep an employee

likesmarthelpful

“Clients giving huge holiday bonuses” to agencies? 😂 now I’ve heard everything.

likefunny

Damn Droga1!!! I wasn’t ready for that SHADE 😫🤣 Drag them 👏

likefunny

Just a clarification.... if clients give bonuses to the agency, that is booked as revenue. It’s not money for employees, C-level or not.

But you can try to negotiate your bonus in your next job... bonus are tied to agency and holding company performance more than your own performance, imo.

But yeah, some people get paid too much in this industry. I made the mistake of not negotiating well... I made a ton of assumptions. If it’s not in your offer letter, it doesn’t exist.

likefunny

I’ve honestly heard about clients giving huge holiday bonuses to their agency (to disperse at their discretion) and the top dogs kept it all for themselves. Same deal comes from down from holding companies too, every year. All for themselves. It’s a dirty little secret that’s hidden every year.

People suck. The top brass, especially when they’re hiding out in a huge network, is usually scum. About all there is too it. Get out when and while you can.

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I WANT NAMES

likefunny

It's also in their contracts meaning bonuses are not optional or discretionary. In theory that's what you get for years of work and experience and dealing with high stakes org management issues. You don't actually think when/if you got to C level you wouldn't be paid highly and have bonuses, right?

likehelpful

What agency? Oh come on, you can tell us!

likehelpful

It’s not Christmas without Scrooge.

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Google John Wren’s salary if you really want to be disgusted

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Is this droga?

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I'm here for this

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How'd you find that out?

helpful

@AD2. True story, big, long-time client, had a great year. Top brass kept the whole thing. And top dogs do hoard bonuses. Also, the sky is blue.

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80 is nothing for c suite. By the way.

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