e86s54
Recycles dryer sheets
- Joined
- Jun 4, 2009
- Messages
- 190
This idea had not even crossed my mind, but a few people I know suggested it.
Here's the scenario, I have worked for Mega Corp for 13 years (since its inception), moving to middle management and getting great performance evaluations every year (one but a few weeks ago) and reaching all personal goals set in these. I have decided to retire at the end of April this year but have not communicated this to my superiors yet.
Typically, I have received bonuses and stock grants yearly that equate to about 20% of my gross. In the last two years I (or anyone) has received merit increases and promised that the new stock program would make up for it. Well my stock grants received last week equaled .3% (yes .3 not 3%) vested over 3 years!? Meanwhile the new CEO got 800,000 shares as did the rest of upper management on a sliding scale. This has infuriated everyone and taken as an insult. We (me and staff) have worked hard with very little resources to keep things running smoothly over the last few years and as per the memo, "These grants are intended as a reward for your hard work"!? The only possible reasoning behind this is either stupidity (I know these people and they are not stupid) or likelier is to cause further attrition that the company will not have to pay for (making people quit, without severance). I have formerly expressed this to management and they have been eerily silent on the mater.
So now I'm ticked off and thinking of doing just that...stop showing up at work.
Have you experienced this and or what do you believe will happen? I think it might be fun!
E86S54
Here's the scenario, I have worked for Mega Corp for 13 years (since its inception), moving to middle management and getting great performance evaluations every year (one but a few weeks ago) and reaching all personal goals set in these. I have decided to retire at the end of April this year but have not communicated this to my superiors yet.
Typically, I have received bonuses and stock grants yearly that equate to about 20% of my gross. In the last two years I (or anyone) has received merit increases and promised that the new stock program would make up for it. Well my stock grants received last week equaled .3% (yes .3 not 3%) vested over 3 years!? Meanwhile the new CEO got 800,000 shares as did the rest of upper management on a sliding scale. This has infuriated everyone and taken as an insult. We (me and staff) have worked hard with very little resources to keep things running smoothly over the last few years and as per the memo, "These grants are intended as a reward for your hard work"!? The only possible reasoning behind this is either stupidity (I know these people and they are not stupid) or likelier is to cause further attrition that the company will not have to pay for (making people quit, without severance). I have formerly expressed this to management and they have been eerily silent on the mater.
So now I'm ticked off and thinking of doing just that...stop showing up at work.
Have you experienced this and or what do you believe will happen? I think it might be fun!
E86S54