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WingsOfGood 02/26/24 12:04:02 PM #1: |
https://gamefaqs.gamespot.com/a/forum/d/df0f10b1.jpg Citigroup raises CEO Jane Frasers 2023 pay by 6% to $26 million https://www.cnbc.com/2024/02/20/citigroup-raises-ceo-jane-frasers-2023-pay-by-6percent-to-26-million.html Citigroup increased Chief Executive Officer Jane Frasers compensation by about 6% to $26 million for 2023, the lender said in a filing on Tuesday. https://www.cnn.com/2024/01/12/investing/citigroup-layoffs-earnings/index.html Citigroup will lay off 20,000 employees over the next two years, CFO Mark Mason said Friday. The reduction comes after the company reported a $1.8 billion net loss for the fourth quarter of 2023, its worst quarter in 15 years. ... Copied to Clipboard!
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Dakimakura 02/26/24 12:04:30 PM #2: |
What action is being taken?
--- Currently Playing: FFXIV, TES games, Baldur's Gate 3, Cyberpunk 2077, Overwatch, Forza Horizon 5, Pokemon, and various random Gamepass games. ... Copied to Clipboard!
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bnui_ransder 02/26/24 12:07:16 PM #3: |
Any lower positions with poor results and you get reduced pay or fired
--- http://bnuiransder.tumblr.com/ So much A R T ... Copied to Clipboard!
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WingsOfGood 02/26/24 12:07:18 PM #4: |
Dakimakura posted... What action is being taken? what do you mean? company had bad quarter so they layoff and give the CEO more money ... Copied to Clipboard!
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WingsOfGood 02/26/24 12:07:58 PM #5: |
comments I found "the proper way to view this is that 20,000+ people in the middle class were participating in the economy, and now one person is stealing all that money for themselves. How fair." "Its cheaper to give CEOs raises than it is to keep and give raises to employees. Those layoffs also mean that money they save from not paying people can be used as investment money or to pay off current debt, etc. Its short term vision that has businesses and investors obsessed with make money NOW! NOW! That doesnt consider long term consequences." no one wants to work! ... Copied to Clipboard!
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darkace77450 02/26/24 12:10:19 PM #6: |
WingsOfGood posted... "the proper way to view this is that 20,000+ people in the middle class were participating in the economy, and now one person is stealing all that money for themselves. How fair." She's stealing it for herself so she can trickle it down to the 20,000 people she just laid off. ... Copied to Clipboard!
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WingsOfGood 02/26/24 12:15:13 PM #7: |
darkace77450 posted... She's stealing it for herself so she can trickle it down to the 20,000 people she just laid off. how will she trickle it down to people who are laid off? ... Copied to Clipboard!
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darkace77450 02/26/24 12:16:54 PM #8: |
WingsOfGood posted... how will she trickle it down to people who are laid off? The same way she's trickling it down to everyone else. The same way they've been trickling it down since Saint Reagan convinced working class Americans that robbing the poor to give to the rich is in their best interests. I.e. she won't. ... Copied to Clipboard!
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Dakimakura 02/26/24 12:17:41 PM #9: |
WingsOfGood posted...
what do you Action by the people to prevent things like this. Potential lawsuits against the corporation. Current employers becoming more motivated to move towards unionization. Protests. Literally anything constitutes action which is what I meant. --- Currently Playing: FFXIV, TES games, Baldur's Gate 3, Cyberpunk 2077, Overwatch, Forza Horizon 5, Pokemon, and various random Gamepass games. ... Copied to Clipboard!
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streamofthesky 02/26/24 12:19:51 PM #10: |
https://youtube.com/clip/UgkxPJ8FjjbQL-F53AVeLimvtofjYgyU65S0 Based Sinbad https://youtu.be/_2BCxyFPIlA?t=1475 (24:35 - 25:18 if you prefer the full video link) ... Copied to Clipboard!
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WingsOfGood 02/26/24 12:29:03 PM #11: |
Dakimakura posted... Action by the people to prevent things like this. Potential lawsuits against the corporation. Current employers becoming more motivated to move towards unionization. Protests. I suppose it depends on if these people can find new jobs. If enough people get laid off and struggle then change may occur. If they just move on then probably just be status quo. ... Copied to Clipboard!
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HudGard 02/26/24 12:29:17 PM #12: |
how did she spin that in the board room lol
were taking record losses and I take full responsibility, I submit that we fire a large portion of our work force and give me a raise during this trying time --- You haven't set a signature for the message boards yet ... Copied to Clipboard!
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JuanCarlos1 02/26/24 12:31:10 PM #13: |
Sounds about wall street.
--- Mas dicen, que en las dimensiones de nuestro ser... hay muchos detalles por conocer... ... Copied to Clipboard!
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Amocat 02/26/24 12:32:17 PM #14: |
Worst quarter in 14 years the first person that needs to be fired is the CEO.
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WingsOfGood 02/26/24 12:33:29 PM #15: |
HudGard posted... how did she spin that in the board room lol umm no probably went more this way board: PLEEEEEAAAASEEE fire people PLEASE!!! CEO: ok board: YES YOU GET A RAISE ... Copied to Clipboard!
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streamofthesky 02/26/24 12:36:55 PM #16: |
WingsOfGood posted... umm no probably went more this wayYou guys still don't get how it works? She voted to raise the pay of the board members. They voted to raise her pay. These CEOs all sit on various boards and scratch each others' back. ... Copied to Clipboard!
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WingsOfGood 02/26/24 12:38:29 PM #17: |
streamofthesky posted... You guys still don't get how it works? board members want firing https://www.marketwatch.com/story/hedge-fund-billionaire-google-owner-alphabet-needs-to-cut-more-than-12-000-overpaid-jobs-11674484497 Hedge-fund billionaire: Google owner Alphabet needs to cut more than 12,000 overpaid jobs Hedge-fund billionaire Christopher Hohn has urged Alphabet to widen its job reduction actions to at least 20% of the company, saying 12,000 layoffs are not sufficient enough to reduce the tech giants cost base. ... Copied to Clipboard!
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opopopza 02/26/24 12:39:42 PM #18: |
Her pay was raised ~150K, not millions. Basically the salary of 1-2 people.
--- Can you say David Hasselhoff? ... Copied to Clipboard!
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ai123 02/26/24 12:42:08 PM #19: |
Shareholders love a CEO who will slash jobs. No wonder they voted for their pay rise.
--- 'Vinyl is the poor man's art collection'. ... Copied to Clipboard!
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WingsOfGood 02/26/24 12:42:24 PM #20: |
opopopza posted... Her pay was raised ~150K, not millions. Basically the salary of 1-2 people. by about 6% to $26 million for 2023, do math what is 6% of $20 million? ... Copied to Clipboard!
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Unsuprised_Pika 02/26/24 12:44:27 PM #21: |
It should be a capitol crime to layoff large numbers of employees but raise executive pay.
--- I post clips of my cool, stupid and glitchy MH Sunbreak and Tears of the Kingdom gameplay here just for fun. https://youtube.com/user/linkachu1000 ... Copied to Clipboard!
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opopopza 02/26/24 12:44:38 PM #22: |
WingsOfGood posted...
do math what is 6% of $20 million?Bro, I can't even do my taxes why you gotta call me out like that. Sorry, I misread it as $2.6 million. Carry on. --- Can you say David Hasselhoff? ... Copied to Clipboard!
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ScazarMeltex 02/26/24 12:45:14 PM #23: |
Maybe this is bad and we shouldn't allow companies to do shit like this.
--- Furthermore, The GOP is a Fascist Organization and must be destroyed ... Copied to Clipboard!
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solosnake 02/26/24 12:46:53 PM #24: |
Why did the french revolution happen?
--- "We would have no NBA possibly if they got rid of all the flopping." ~ Dwyane Wade ... Copied to Clipboard!
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WingsOfGood 02/26/24 12:46:56 PM #25: |
opopopza posted... Bro, I can't even do my taxes why you gotta call me out like that. no problem, to err is human those who can admit they made a mistake instead of lash out and double down I see as the best kind of people ... Copied to Clipboard!
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Squall28 02/26/24 12:52:30 PM #26: |
No profession gets rewarded more for failure than executives
--- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis ... Copied to Clipboard!
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IceCreamOnStero 02/26/24 12:55:07 PM #27: |
Remember, when any profiting enterprise tells you they just couldn't afford to pay their workers fairly, its complete bullshit.
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Torgo 02/26/24 12:55:11 PM #28: |
"Capitalism works because it operates on meritocracy."
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WingsOfGood 02/26/24 12:58:40 PM #30: |
Torgo posted... "Capitalism works because it operates on meritocracy." LOL ... Copied to Clipboard!
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Jiek_Fafn 02/26/24 1:00:48 PM #31: |
Whenever I cause a huge problem at work, I don't get rewarded. That time I accidently wrote on the white board with permanent marker and then spent the next three days using paint to cover up the penises that I drew, everyone got so mad at.
--- I don't believe in belts. There should be no ranking system for toughness. ... Copied to Clipboard!
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bnui_ransder 02/26/24 1:01:31 PM #32: |
Same thing happened with Bungie too, all the bad decisions made at upper management so fire the workers
--- http://bnuiransder.tumblr.com/ So much A R T ... Copied to Clipboard!
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darkace77450 02/26/24 1:02:57 PM #33: |
bnui_ransder posted... Same thing happened with Bungie too, all the bad decisions made at upper management so fire the workers This isn't limited to struggling companies. Bobby Kotick once laid off 800 employees in a year where Activision/Blizzard posted record profits. ... Copied to Clipboard!
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boomgetchopped3 02/26/24 1:07:23 PM #34: |
Pretty fucking gross.
--- More to do with the humidity than heat ... Copied to Clipboard!
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SpawnShadow 02/26/24 1:08:26 PM #35: |
Dakimakura posted... What action is being taken?You mean, besides the execs and shareholders sipping champagne and laughing? ... Copied to Clipboard!
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Chadawah 02/26/24 1:09:11 PM #36: |
Is there a way to see other salaries of CEOs? I'm curious what kind of raise the one of the company I work for got after our terrible raise.
--- Bethany took my pickles. All of them. Even the spicey ones. ... Copied to Clipboard!
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WingsOfGood 02/26/24 1:09:18 PM #37: |
Jiek_Fafn posted... Whenever I cause a huge problem at work, I don't get rewarded. That time I accidently wrote on the white board with permanent marker and then spent the next three days using paint to cover up the penises that I drew, everyone got so mad at. they should have been thankful ... Copied to Clipboard!
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WingsOfGood 02/26/24 1:09:44 PM #38: |
Chadawah posted... Is there a way to see other salaries of CEOs? I'm curious what kind of raise the one of the company I work for got after our terrible raise. google their name and it will likely come up ... Copied to Clipboard!
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ai123 02/26/24 1:10:57 PM #39: |
What's the share price doing over time?
That's how CEOs are judged by shareholders. If it's going up, they are doing a good job in their eyes. --- 'Vinyl is the poor man's art collection'. ... Copied to Clipboard!
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darkace77450 02/26/24 1:11:37 PM #40: |
Chadawah posted... Is there a way to see other salaries of CEOs? I'm curious what kind of raise the one of the company I work for got after our terrible raise. If it's a publicly traded company the CEO's salary should be available on the SEC's website. ... Copied to Clipboard!
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streamofthesky 02/26/24 1:25:26 PM #41: |
[LFAQs-redacted-quote] There are still people out there that actually think corporate America will get better once more women are in those positions. Like greed is gendered, lol ... Copied to Clipboard!
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MrDrMan 02/26/24 1:38:21 PM #42: |
Casual Monday in America.
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SauI_Goodman 02/26/24 2:04:32 PM #44: |
"Here's my strategy for the better of the company: 6% pay raise."
Idiot ceos continue to think layoffs= revenue. It's too bad the stupidest people seem to be in charge all too often. --- Italian, French, German. ... Copied to Clipboard!
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Chadawah 02/26/24 2:08:45 PM #45: |
I'm just going to have to adjust how much work I accomplish, and the quality of that work.
--- Bethany took my pickles. All of them. Even the spicey ones. ... Copied to Clipboard!
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WingsOfGood 02/26/24 2:10:18 PM #46: |
[LFAQs-redacted-quote] filing came just Tuesday and performance discussions usually happen around end of the year to January the next year so my guess is they already knew of the poor performance before they gave the raise ... Copied to Clipboard!
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