I don’t know if I’m ignoring all the red flags here. But this is really bad right?
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Looks like each individual business units will be sold in next 12-24 months. That’s what hedge fund Carlyle and chuck has done in previous companies.
CommScope Holding Company's CEO is Chuck Treadway, appointed in Oct 2020, His total yearly compensation is US$10.6m, comprised of 10.6% salary and 89.4% bonuses, including company stock and options. He directly owns 0.3% of the company's shares, worth US$3.1m.
Company don’t care about normal employees period. On the other hand leadership team making millions and rolling in private jets.
I'd say so. At this point the company has absolutely nothing to offer their remaing employees. With the hiring freeze in effect they also don't need to attract talent so they keep cutting benefits. The next thing will either be salary cuts or a drastically increased cost to employer health plans for next year...or both. When this plane crashes el capitan, Tingle, and co. will sail away, aloft with their golden parachutes, secure in the knowledge that they did all they could, whilst the rest of us suckers, still on board, go down with the plane.
Or the CEO is looking for additional funding sources for the titanium parachutes for the C Suite.
It could be a red flag, or it could mean your ceo is willing to make tough calls to ensure success
I'll be looking for the nearest vest and lifeboat. Time to get off this failboat.