Thread regarding Denbury Resources Inc. layoffs

735,745 Shares

How many shares have you received since bankruptcy? Our fearless leader got 735,745.....for those wondering that’s over $40,000,000 at today’s stock price. My 2% raise sure does look awesome against that. Say what you want about the previous leadership, at least they wanted the employees to benefit with the company’s success.

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Post ID: @OP+1aIiX2XB

9 replies (most recent on top)

The luxe of the executive floor is nauseating in comparison to our old offices and the other floors. I would rather continue to work from home so that I don’t have to look at the unnecessary expenditures everyday. You got a 2% raise because they needed the cash for the custom rock walls and the private showers.

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Post ID: @3flj+1aIiX2XB

All i have is a bunch of warrants that have been devalued 90%. The rich get richer with their LTIs still intact. Must be nice.

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Post ID: @2vws+1aIiX2XB

The culture has changed. Now there’s offices with doors and people crammed in cubes (unless you are in the executive wing with a shower and huge offices). Doesn’t feel like employees are valued anymore. Been several years since we’ve had a raise. But I guess money has to be saved in overhead. So sad. I feel like we are going to lose good people.

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Post ID: @1psh+1aIiX2XB

I agree completely about the unwarranted stress. Lives have changed and we all have different routines and schedules that work to get work done efficiently. There is no reason to bring everyone back to Plano 4 days a week. I can’t understand why mgmt makes some of the decisions they do which results in an unhappy workforce. Everyone is doing so much more than in the past with less people. Please don’t make it worse to then make us be in an office everyday taking extra time away from families to be in a car. We don’t need everyday work from home but Denbury could do a lot better than every other Friday. Bad enough we busted our tails off working through years of layoffs, benefits taken away, bankruptcy, and years with no raises to this year with 2%. But add on almost no flexibility with schedules it just seems how much more can they squeeze out of us. I have seen many other companies in the industry and out of it handling these issues in a much better way. It’s embarrassing when family and friends ask how we handle communication, compensation, flexibility and other topics and I have to tell them we are just old school. I’m afraid old school is going to lend itself to people leaving or people staying and being frustrated or unhappy. That’s the environment I want to work in, with a bunch of frustrated people. No thanks, I hope things can change for the better. I think we have really good management but they can do better for the employees.

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Post ID: @npi+1aIiX2XB

Morale is at an all time low and it just seems the message from the top is carry on and don’t question benefits. (Raises, work schedule flexibility, bonus timing). I agree that I’ve never considered leaving Denbury but they are making it very difficult to stay. It’s not that hard to right the morale ship and make it a place we all want to keep working at. Take note from us; continue with more flexible schedules, be transparent about compensation plans and bonus timing. Quit making us guess and fill in the blanks. It’s adding unnecessary stress.

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Post ID: @zdh+1aIiX2XB

I couldn’t agree more with the last post. This board has historically been full of comments from people that appear entitled and spoiled. I used to read the comments for entertainment, and now I find myself agreeing with most of the recent posts. I never thought I would be this motivated to leave the company once an opportunity comes along.

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Post ID: @vex+1aIiX2XB

I do not agree with most of the bs on here, but I agree with the is. As most companies make strides to bridge pay gaps, Denbury is moving in the opposite direction.

The raises if you got one were terrible, most of us lost 10’s of thousands in stock, this is not right.

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Post ID: @ezb+1aIiX2XB

I received 0 shares, and the desire to leave.

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Post ID: @swa+1aIiX2XB

You’re correct. How could a new board, made up of the people we defaulted on vote to give our executives such large raises? He is making more than CEO’s of much larger and more successful companies. It all doesn’t make sense.

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Post ID: @ofo+1aIiX2XB

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