The former Aramark folks on this board are the lucky ones! Monday of the week annual bonuses were to be paid this month (a couple weeks after the 401k match for the year was cut in half from historical levels) we were informed that bonus payments wouldn’t be made until February. No talking points, no context, no info - just “bonuses won’t be paid in December”. Since the culture Foss has created has engendered zero loyalty, took about a day for folks to figure out what was going on (earnings release was in November, but 10k still not filed.... doesn’t take a rocket scientist to figure out what happened!). There will be no bonus payments coming in February as that would mean Foss wouldn’t get his next $30m payday. For those of you looking to poach Aramark talent, the time is ripe. Everyone knows that to rise to the level of CEO of a billion dollar multinational you have to be able to stomach tough decisions. But wow! That’s about the most heartless act I’ve seen in my professional life. I was taught in the Marines that “leaders eat last”. Despite his haircut, Foss never served and at Aramark, leader eat first (and they eat a lot)! Happy holidays everyone..... still beats getting shot at!
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“Aramark’s mission to Enrich and Nourish Lives means making our company a great place to work and build a career for all of our dedicated associates.” .....Eric Foss (newsletter 2/5/2019)
Piece of sh-- company. I’m giving my two week notice soon.
14 year employee here and I’ll tell you from the band 5-8 base, we all think Foss is a joke. Moral has never been lower while this fat cat destroys this once great company. Very very sad.
Just announced that bands 5-8 wont be getting a bonus this year. Disgusting
no excuse for this level of selfishness
I wish I knew what was going on with a company I used to give it my all for. It is disappointing that all Foss and that top brass got there bonus on time while thousands wait and it isn't until the Philly paper breaks the story the management gets a pay date. Wondering what the spin will be on the payout after the supply chain and finance folks screwed the budget by not understand accounting rules. Will management suffer due to the negligence? did Mr. Foss's bonus suffer due to it? it is a joke how much is being swept under the carpet. I would only hope that the Board of Directors would realize this machine runs on client service and when you screw your managers client service suffers and you quickly become irrelevant. is the grass greener in other places?
Foundation of Integrity and Respect Always = GONE.........
I bet another round layoffs are coming in January 2019. Seating availability in the new building is extremely tight. They don’t even have space for contractors. They’re told to “work from home”
“We dream, we do.” It’s more like a nightmare.
Let me get this straight.... Foss is going to get his obscene bonus via not paying the bonuses (in accordance with the bonus policy) to GMs, DMs, VPs, etc. He’s lining his pockets by taking from others? Dang. If he were some black dude on the streets of Philly, some cop probably toss him in jail for that (if not worse). Crazy.
Well the board should do something about that! Oh yeah.... board is chaired by Foss and jammed full of a bunch of his cronies. Was nice seeing his net worth take a hit yesterday with that piss poor performance at investor day. Seriously, what’s the dude done for Aramark? Our SCM is still sh--, HR leadership is a joke and his big splash system Ariba is complete garbage. Best thing about that last one is no one wants to tell Foss that because apparently the dude can’t take bad news... he just flies off the handle and fires a bunch of people if you tell the emperor he’s naked. Ah but that Snickerdoodle Craveworthy cookie was a real revenue driver!
Meanwhile Foss flies to every Texas A&M football game on the company dime with his girlfriend.
Google Foss CEO airfare.
Geez, even Fannie May, Freddie Mac, and AIG managers got their bonuses and they failed. We post acceptable earnings and get the shaft.
Merry Christmas, Foss.
I hope the investors are happy and you get your rather large incentive.
Watch the stock market people. Read all about it in the news releases that are posted there - Wall Street journal - I think you should be worried. Please pass this email along if you want answers.
I have been with company for near 15 years.
My family jokes about “jelly of the month”...
Never thought the “Integrity” would be lost.
We are going to have a lot of great people leave the .org.
When you don’t even hold true to your own policy?
so reviews are to be done this week I wonder whats to be expected?! IT organization announcement has yet to be rescheduled curious what restructuring may occur.
I sorta butchered that. Only Foss and Bamblage know what, if any, bonus you’ll get in February. That’s what you get with zero corporate governance, a bunch of cronies on the board and a CEO that cares about one thing and one thing only..... his paycheck. This is just the latest in a series and more are coming. If you are pining for good old days of Aramark caring about its employees, grow up and smell the coffee. Those days are long gone. Your employment with Aramark merely a transactional relationship, much like you can get on the back streets of Philly. I’ll let you decide who’s the John in this relationship.
No.... you are not getting your full bonus. TBD exactly how much, if any, you do get. They had to bring down the bonus accrual number as of 9.30.18 to make up for bad accounting elsewhere on the balance sheet or p and the CFO). But don’t worry, that record year will ensure Foss gets his full payday! Happy holidays!
Today’s cascade topic to front line managers is “sales and Growth”
Ummm —-we did that - as shown by your 4th quarter earnings.
Where are our bonus checks?
Aramark investor day is tomorrow at headquarters I believe. See the press release.
Should we send in a representative ?
Where are our hard earned bonuses?
Should Aramark employees be concerned about something else coming? Are we getting our bonuses in February?