I guess getting 18 million dollars and cutting head count made him feel better.
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I don't know how someone like the new head of HR can possibly earn $4M when she hasn't actually achieved anything yet. Let's face it, this stinks like a foodwaste bin that's been left out in the sun for a week. The salary itself is ridiculous but hey, at least it's transparent and fairly well-defined. But then to award absolutely huge bonuses and stock options stinks of the worst kind of corruption. How can you give a bonus to a brand new executive (or any staff member) who hasn't yet actually generated value? It's a bit like giving a Nobel Peace Prize to a newly-elected president of a country because they've said that they will cure all the world's ills in the future.
It equates to Mike bieng worth 350 staff and Paul's only worth the equivalent of 120 staff.
Wonder if they would give normal staff some share options for free, would be a useful motivator.
These figures are obscene, the company's revenue is continuing to fall like a piano chucked off a bridge, meanwhile WFR's erode customer service and customers leave as soon as they can.
These people should not be rewarded for "success", its a fail. Its a massive fail.
They should only get their share allocations when the company grows, why don't shareholders demand that?
Salvino - a message to you - if you truly mean that reward only comes after growth - look at yourself and the L2.
But of course you won't - because its just lies.
Greedy b@stards!
There all doing quite well, surprised some of the juniors also on millions.
Michael J. Salvino, Chief Executive Officer, received a compensation package of $13.3M. 70.19% of the compensation package, or $9.4M, was in stock awards.
Paul N. Saleh, Chief Financial Officer, earned $4.4M in 2020, a 43% decrease compared to previous year.
Mary E. Finch, Chief Human Resources Officer, received $4.2M in 2020.
Vinod Bagal, Executive Vice President, Global Transformation, earned $3M in 2020.
Edward Ho, Executive Vice President, General Manager, Americas, received $2.8M in 2020, which decreases by 21% compared to 2019.
https://www.execpay.org/executive/michael-j-salvino-37133/r-161147
18 million? Any links?
Making staff redundant is an easy win, however getting rid of @rse l!ckers is harder to achieve.