Can Execs get PIP’d or demoted to Non-Exec due to poor ranking?
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Lower level execs can drop and hang on, but the real senior execs must either continue moving up or they’re out. The company can’t waste the development spot on a senior execs who stagnates. Decisions are made by the MC in 4Q each year and those who aren’t selected to continue must be off payroll by July 1.
@ed Blommaert fired ? He actually demonstrated performance, had broad business and operations experience globally, had the technical and leadership skills to run Global Operations for instance - another poor people decision by senior leadership
He is a HiPo and is a perfect fit for Exxon HiPo characteristics. Why single him out? What you said is true for any HiPo at any company and definitely also at Exxon. You just don’t understand how to lead a company. No wonder you all are NSI
@ed and how did that work out? Dan ruined Cruise while at GM, showed in LCS he does not understand chemistry, lacks affinity for and knowledge of engineering, how it impacts business strategies and certainly does not know how to lead people. Excellent people management by the board and senior management.
Was Blommaert not fired to make place for Dan ?
@c1 Haven't met a chief yet that deserved that CL
Reminder…none of this is worth it.
So if my manager (Exec) is at risk of being PIP’d. Why would they care about me being unfairly ranked? The system is flawed…
Principals don't mean sh-t ... they can be 27 - 29
Sr Principals are 29 ... most don't make it to 30
Chiefs are all execs - typically CL 31/32
@av, can’t lounge at CL29 anymore. Pool will be comprised with prior POT 36s and 34s topped out at 29. Fewer will make it to 28/29 and for those that do, many will be weeded out.
Exec jump/benefits material only if you compete at the top. But is not the same exec benefits from years ago… everything is watered down now.
@av What are the CLs for principal, sr principal and chief?
Can someone share number of RSUs for CL 30 through 38 by performance category? No trolls ...
So for survival, is it better/safer to lounge at CL 29 vs making Exec and risk being PIP’d?
Is there a big jump in pay and/or benefits btw CL 29/30?
Yes! I knew an individual who was promoted to exec and subsequently PIPed the year thereafter. Brutal stuff.
A pip for exec is usually the sudden "retirement"
Yes, and both happen.