Thread regarding Denbury Resources Inc. layoffs

thoughts on Thurs. meeting?

will there be talk of annual bonus? will it be enough to make up for loss of LTI?

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Post ID: @XOU8O4j

7 replies (most recent on top)

they wouldn’t reduce our lti and then make up for it equally some other way. That would be a waste of time pointless exercise. As real wages decline everywhere, the same is occurring at our company. (Remember costs for everything always increase - so our pay rate must increase constantly just to break even).

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Post ID: @XOU8O4j-acvy

LTI was about same % as bonus, correct? If you stayed with the company for 3yrs of vesting. So removing LTI halved the amount of "extra" money and to compensate they gave +5% raise (increasing bonus to another 1% if you're in the 20% tier) and another 5% in cash payments split between the next two summers. So all-in I think you're still down 9% or so if bonus is 100% but if bonus is 112 or 115% then you're flat.

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Post ID: @XOU8O4j-9dpl

Can you show me the math on that one? I don’t get it

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Post ID: @XOU8O4j-9njz

it is nice to have a bonus, certainly. it doesn't make up the difference of LTI being gone, though.

even if someone took all cash before, they'll still be paid overall less this year.

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Post ID: @XOU8O4j-8ahy

guess not

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Post ID: @XOU8O4j-3uhx

Well?

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Post ID: @XOU8O4j-3nsm

Highly doubt it...

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Post ID: @XOU8O4j-iri

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