Thread regarding Solventum layoffs

Win with excellence- or cash in with hypocrisy?

Hanson speaks of the corporate pillar of winning with excellence. He said, “We want to win in the marketplace, but we have to do it the right way.”

This begs the question, how can accepting compensation that is 40% higher than the closest med tech company, despite growing below market meet his mandate to win with excellence and do things the right way?

The answer is simple. It doesn’t. For Hanson to talk about how Solventum employees need to win with excellence while accepting a comp package that is unmoored to any relevant benchmarks is simply hypocritical.

by
| 2312 views | | 6 replies (last ) | Reply
Post ID: @OP+1jsj8vz9x

6 replies (most recent on top)

@OP how does one justify 500x average employee compensation? At that rate I would expect better, more innovative platitudes. ALSO, just noticed his severance is 5x that of average employee, that is 5x500=2500! Meaning, they get 2.5 years compensation vs. Up to 6 months for everyone else. Has their ever been a more grotesque level of hubris? If so, what was end result? Maybe some historical AND recent examples.

by
| | Reply
Post ID: @qr4+1jsj8vz9x

I smell another divestiture and more senior role replacements with external people coming.

by
| | Reply
Post ID: @7tv+1jsj8vz9x

I mean, imagine he only made $20M. That could have been a $2k bonus each to 10k employees after all that talk of getting through the first year, being once in a lifetime founders, the huge milestone of becoming a separate company, blah blah blah.

"Thanks for all your hard work, here's 2.2% while I'm paid ~2x the mothership CEO."

by
| | Reply
Post ID: @6f1+1jsj8vz9x

Yup, an empty suit. Comp is absolutely ridiculous, even more so now that it doesn’t even feel like he’s running the show. Anything seemed to be an improvement over 3M at the spin, but the promise of something better was certainly short lived. Peltz moved in and Hanson admitted he didn’t know how to handle it.

by
| | Reply
Post ID: @f0+1jsj8vz9x

Winning with excellence? Did Nelson Peltz give him a pep talk and parrot those words into his overpaid noggin?

Bryan came in with such promise but now he's proven himself to be charlatan as well as Peltzs puppet.

The minute Trian took a stake in SOLV Bryan could have stood the breach and fought off this cost-cutting madness. But he let Peltzie put a dog collar on him and now he's being manipulated like a doll show.

The only answer to the madness is quiet quitting. Try to look busy but do the least possible. Bryan ain't worth his salt.

by
| | Reply
Post ID: @dg+1jsj8vz9x

Spot on. How is it possible to accept $109k/day and sleep at night. Not to mention the nepotism that is happening. Guess if he gives jobs to family, Thanksgiving dinners go better

by
| | Reply
Post ID: @dd+1jsj8vz9x

Post a reply

: