What a bunch of BS & fluff
I see they are back to constantly saying “act like an owner”.
& what a disingenuous response to reducing our retirement benefits. Just vague statements & awknoledgement that it’s to keep people from leaving - however a HUGE round of layoffs are coming in Jan. No comment on how it negatively affects our balance & retirement date.
& the softball questions from lackeys. & who was the loser holding a Robin V. Poster.
@1atk
That’s not fair. We’re definitely leaders in cost cutting.
Yes, you are missing something. Specifically you’re missing his wise and honest leadership.
Oh, they’re leaders all right. Problem is that they’re leading themselves into wealth and leading rank and file employees into destitution. With the recent 401K changes alone it’s quite likely that we are not compliant with the laws against top heavy employers.
Regardless, leave ASAP. I know of no one who left that is not now better off.
Dunno what you’re taking about but Pensions were frozen and eliminated 4 years ago. Are you perhaps thinking of the new 401K contributions?
When life blesses you with managements, choose the management which you prefer.
When life gives you crumps make crumpets.
I for sure thought all of those who asked questions were planted in to toss those softballs.
Also, Charlie’s Scarf and Burger King shares are worthy of standing ovations, for the wordplay.
The banks pension contribution is a gift 🎁 which they now give annually instead of monthly.
They must think their employees are financially illiterate.
Can I borrow that poster of Robin's face? I am getting a dart set for Xmas and that poster will help me improve my aim.
Anybody knows how many managements we have?
Hard to think like an owner while the connected suits who are born into connections & privilege rotate through Chase, BONY, Goldman, BofA, Wells, trashing every institution like demented crazed party boys renting at a one night Airbnb.
BNY paying in BK shares costs them nothing, it's just marginally dilutive to the overall float. To think an employee is going to stick around for $500 in 3 years is insulting. BNY will make way more than that in 1 year off the cash float of not paying into 401K until year end, especially from the workers who leave/get RIF'd. The best part is that they think their employees (who work in finance) don't understand this.
Wait so the shares are carved out of the cash bonus - not in addition to? That's hilarious, this has got to be the cheapest company in America. Imagine how out of touch the executives are.
"Hey Robin, how much could their loyalty cost? Does 10 shares 3 years from now sound like a good even number?"
Hey guys, at least you'll get $11 in dividends per year, that should pay for a special lunch at the cafeteria.
10 shares x ~50,000 employees = 500,000 shares
BK has 808,000,000 shares according to Reuters
500,000 shares = 0.06% of total shares
worth it?
This townhall was a joke. How can they sit there with straight faces and say matching 401K changes are good for people. As a "owner" of 10 shares I strongly disagree. I'm daily disappointed by this company as they are followers and not leaders.
Want me to "act like an owner"?
Give me a percentage of profits - any "owner" is entitled to that.
id rather have a $50 gift card to ihop than those 10 cr-p shares of BK
I was the loser holding a Robin V. Poster!!! What can I say: I have no self worth LOL! I bleed BNY.
I would never watch that junk. Those multi-millionaires care not one iota about us.
I am a slave of BNY not a owner, why should I have an owner mindset? The management always take the bigger pie then leave me the crumps to eat. I don't care about the managements anymore.
So if you qualify, you get a one-time incentive of 10 RSUs, which you cannot sell for 3 years, but taxes are due immediately. Give or take $400-$450 pre-tax. Also, why would they add it to bonuses thus reducing the latter? Am I missing something?
It was a joke. They said 401(k) changes were made to punish people for leaving, help pay for extra paternity benefits, and fund the happy meal BK stock shares. It was cute how the woman on stage (who was flashing her underwear) said that people are intimidated to open a brokerage account, so this sets them on their journey. How demeaning.
Some of these people just have no self pride. The boot licking questions are nauseating.
Didn’t bother watching that sycophantic drivel. Was there a question challenging the 401k change? What did Robin say?
I took time to read the details of the "equity" thingy.
Depending on how much you make, you will receive Burger King shares as part of (not in addition to) your bonus. And you will have to pay taxes when shares are granted.
Since many may not sell the shares immediately, the firm will be saving some moolah when paying out bonuses in Q1.