- put an internet block on Wirth’s computer to make sure he doesn’t see this and get any crazy ideas?
https://money.usnews.com/investing/news/articles/2020-08-05/exxon-to-suspend-company-match-to-employee-retirement-plans-in-october-sources
https://money.usnews.com/investing/news/articles/2020-08-05/exxon-to-suspend-company-match-to-employee-retirement-plans-in-october-sources
Xom.employee here. Everyone is super p-ss-d about the match suspension. This accounts to a 7% pay cut for all US-based workers. Believe, other CEOs and execs at other O&G Companies are paying attention. I will not be surprised to see others follow. Good luck to you all!
XOM CEO seems like a real sociopath. Do pray it's not like that here!
Wirth said during the town hall there would be no impacts to benefits. Hopefully he keeps his word.
Sorry to burst the bubble but CVX will likely follow the pack in reducing contributions to retirement plans. Part of the fast follower model...
Exxon is a sh!tshow. I’m happy with our less sh!tty sh!tshow.