That’s the sentence in which we can sum up the current strategy of the company. Speaking from store level,It’s obvious that customer services are at an all-time low, and that the customer have never been more unsatisfied. On the other hand, executive pay and bonuses have never been higher. If that’s their big plan, we might as well pack up and leave right now.
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marvin ellisons total compensation for 2018 was 14.3 million dollars. that base salary nonsense is far from the full picture with any of these ceo's. much more all these ceo's tend to be on a handful of boards of other publically traded companies....they all receive huge paychecks and stock options in all those companies. its one giant ponzi scheme. sure the little guy can make some money off the stock market...but it exist to make the wealthy even more rich by taking cuts off the backs of the working mans labor.
these so called compensation committees are usually just executives from other corporations....so essentially they exist not for oversight, checks and balances but rather to vote for each others wealth increases.
https://www.journalnow.com/business/how-much-did-corporate-executives-make-in/article_2a2c0607-d14a-5789-b392-3351753c170c.html
Thank you for your uneducated post.
There is and always has been a “Compensation Board” at Lowe’s. They approve all deals for executive compensation. This is his deal.
“ Ellison’s $1.45 million base salary will be reviewed by the Lowe’s board of directors compensation committee on an annual basis, according to the SEC filing.
For a signing bonus, he’s receiving $3.5 million in restricted stock that will vest after he’s been at Lowe’s for three years, and another $2.5 million in stock options that will vest over three years.
He’s also eligible to receive a bonus worth up to 200% of his annual salary.
The employment agreement with Ellison will also provide:
Relocation expenses to move to the Charlotte region — he currently resides in the Dallas area, where J.C. Penney is based;
Four weeks vacation each year; and
Reimbursement of up to $12,000 for financial-planning advice.”
I hope they included diction lessons too. 46