Executive leadership total compensation should drop by the same percentage as revenue or RIFs. There’s less to manage and less available cash to pay such high compensation.
Total compensation should’ve reduced last RIF and again this RIF.
The investors are getting fleeced!
1ktm,
I bet they can do that same work for 50% of their total compensation and still make a boat load of cash.
Just like we can still do our job while getting a 0% raise, getting furloughed and picking up RIFd workers projects.
If they are pay less would that equate to less people being RIF'ed? That money would still end up being dividend pay-out for the investors which makes up mostly of people who has Honeywell stocks.
At the end of the day, ensuring that divident pay-out payouts are prompt and commensurable to the money ploughed into the company is what matters. Its like ensuring your debtors that Honeywell has the money so that this money is kept in the company for if they were to pull out the cssh and the stock dives, then not only a handful of people would be let go but everyone would probably be left jobless.
And that, ladies and gentlemen, is why our execs shouldn't get their pay docked. They are the ones that ensures this fine balance between the balance sheet and employees benefits.