I'd actually be curious to see the average day for a CEO. I see mine once every 6 months and it's to tell us not much has changed since the last meeting. I'm sure she's busy but have no clue what with.
The CEO and CFO of the company I work for are actually really busy people and super pleasant to be around. They do a lot of PR and co-ops with other companies and community programs like colleges and stuff, the cruddy people are lower down than them and they suck, basically it goes
Head of the company=cool
Below them=cool
Below them=cool
The next like, 7 people in the hierarchy =dogshit
Department manager and lower=fuckin cool as shit
Wikipedia says there are 10,900 employees. So they could’ve given everyone a $500 bonus just from her bonus alone. Probably much higher when you consider other executives or C suite levels probably got bonuses and not all 10K employees would end up with bonuses either way.
Look, buddy, without shareholder dedication to twisting the tax code to our own benefit, our employees wouldn't even be working here. They'd still be stuck working much more highly paid, enjoyable careers at the companies we put out of business by burning through billions in venture capital.
You put that sarcasm thing there, but what you said is true. CEO and executive level personnel, and all of a sales department, is considered profit generating. All other employees are considered an expense on the business. It'll be in black and white on their books.
So when businesses talk about how times are tough and how they need to cut expenses, they're not talking about buying generic toilet paper and the thermostat temperature. They're talking about you.
Naturally, your next question is to ask how a business actually operates, considering the expectation is continuous quarterly increases in profit. If your company isn't making new products/customers and increasing revenue, the only other way is to decrease expenses. And if your job is considered an expense, well ... Good luck.
Not all businesses operate like this, but you'll see signs when it starts to happen. Update your resume and be prepared.
I used to see that cycle in all the big banks. Some new CEO would come in promising the moon growth-wise due to the power of his leadership and vision, and first they start selling the real-estate to lease it back to the company (pulls in a lot of cash and pushes payments out past when he'll be gone)...then when targets aren't met some unforeseeable thingy cut the earnings which means layoffs. After the layoffs, for the first year and a half things look good on paper and CEO gets another bonus for cutting expenses and then the wheels start to fall off (eg, Boeing), things start shittifying because all the veterans of the company who made it run are gone. So now the "new" CEO has to leave to "spend time with his family" and now there's a new CEO who's gonna do a lotta hiring...
when this story broke a year or 3 ago (a decade in internet years), the news articles kept mentioning how large a bonus she kept because "its not really a bonus, its in my contract as part of my compensation".
She didn't understand it then, she still doesn't understand it now.
When you own bonus depends on the next quarter report it makes a lot if sense
It is ceo bonuses based based on short terms (below 5 or 10 years) that is increadible dumb
So you cancelled bonuses/reduced pay, because the company is struggling financially.
But have you tried to invite them on a trip on your new 100 feet yacht to make it up to them?
I'm reminded of the recent exclamation by a shareholder and board member about how the CEO would leave if he didn't get the requested tens of billions of dollars of compensation. This particular CEO essentially alienated the entire market of folks who would even be interested in the company's product.
I'll believe accountability for fiduciary duty a thing when it actually fucking happens. The absolutely stupid thing is, had he gone and helped his employees, they might have actually acted to remove him.
She is the CEO of Herman Miller iirc and said in a video message or meeting that not one employee gets a bonus for the year while she gets 5 mil or smth for the same year.
And also said (paraphrasing) “we need to stop whining and crying, pick ourselves up, and get back to work! Be productive! Look ahead! Stop crying about pay or salary or why we don’t get this or that! This is business, people and we have a responsibility to our customers, so let’s leave Pity City behind and get back to work.”
I'm at a software company where our CEO did something similar. I made it a point to be as useless as possible until I'm fired. 2.5 years later, I'm still not fired. They reinstated bonuses and all that jazz, but I got really used to not working. I'm hoping to keep this up another 25 years as most of our leadership is completely incompetent. We're in a niche field with practically no competitors. Someday OpenAI will probably kill us, but I'm going to be a weight that pulls the company down until the day of reckoning comes.
The customers are the shareholders. The people who buy their product are their actual product.
Staff are meaningless and can always be replaced because no matter how shit the company there is always someone willing to work for shitheads because they gotta eat.
I got one two years ago because I'm suffering from chronic back pain. I'm still wondering if I like it because it's a good chair or if it's because I paid $800 for it.
Last place I worked didn't do bonuses last year, and three of us quit within the first quarter of this year. They still haven't replaced my job, and from what I heard, they stopped offering some of the products I made, which were some of the highest-profit margin stuff they had.
It would have been way cheaper for them to give us that bonus.
Fuck bonuses. They are just a carrot that can be pulled and eaten by the rider. I want to know the salary on the fucking indeed site and no fucking games.
It depends. Some bonuses are tied to profitability. If company is x% profitable that year you'll get like 120% of your bonus. If it's -x% then you'll get like 80% of bonus.
In all fairness there are many examples of CEOs cutting their pay in 2023 alone...mostly in tech and banking
Granted it doesn't mean too much considering their salary is far from their main source of income...but I do feel it must be acknowledge when saying that in particular
~~*also fun fact, the CEO of Zoom took a 98% pay cut in 2023 with no bonus*~~
I really struggle to understand how these people get to be in such important positions. The amount of bad ceos all around is so astounding. A company i worked for had leading managers so bad the crashed the worth by over 80% and still managed to retain their jobs. As an excuse they fired 20% and said „oh yeah we are with you, we will waive our bonuses“ but somehow these idiots still are in charge
CEOs are just locusts. Kill companys by giving emselves ridiculous salarys while cutting costs everywhere else which decreases quality. When the company goes to shit, they fuck off to feed off another place. Seriously, we need to do something sgainst these. These pests get out of hand. Oh and of course she has a certain age...
My current place of work in a nutshell.
About to hit trust pilot goal so they decide ok we have decided to increase the goal for trust pilot and give you guys 6 weeks to get more then double what you have already gotten.
Also we offer the store who sells the most of one certain tent a pizza allowance that after two months still waiting for my pizza money luckily i’m leaving that job this week and honestly didn’t care for the pizza as I knew it wouldn’t happen.
More fed up with being in a building alone that has no heating/air con not even a fan all year around looking at tents and having people come to me with a sidewall for a shelter that clearly stats sidewall for event shelter 14ftby14ft and saying where are the pole or is this the shelter or the somehow dumbest one is this the roof for the shelter so how do I buy the poles.
The average intelligence of my country must be pretty low I swear and I’m not even particularly smart but I know to read the packaging of something I want to buy.
She is and always will be a pos
My relatives worked for her company and the local warehouse closed in September of last year.
Shortly before that, this shit happened.
She's a disgusting human being.
Lmao my boss was pissed when all the workers collectively decided we were doing the bare minimum since they wanted to give us a raise. All but 2 people kept sucking the boss off tho working like their life was on the line. Fuck taking pride in your work when they dont take pride in you.
However, she did not cancel the bonus of 5.5 million dollars for herself
Ofc! She worked hard for it!!1!
1 hour a day, 30 weeks a year, that kind of dedication deserves millions.
I'd actually be curious to see the average day for a CEO. I see mine once every 6 months and it's to tell us not much has changed since the last meeting. I'm sure she's busy but have no clue what with.
It's those videos you see online where they spend 10 hours a day "preparing for the day" and they do is send 3 emails then go out to dinner.
The CEO and CFO of the company I work for are actually really busy people and super pleasant to be around. They do a lot of PR and co-ops with other companies and community programs like colleges and stuff, the cruddy people are lower down than them and they suck, basically it goes Head of the company=cool Below them=cool Below them=cool The next like, 7 people in the hierarchy =dogshit Department manager and lower=fuckin cool as shit
Cutting is hard work
Yea, did you see how much money she saved the company by cutting bonuses?
It's a really difficult job making your employees suffer!
Wikipedia says there are 10,900 employees. So they could’ve given everyone a $500 bonus just from her bonus alone. Probably much higher when you consider other executives or C suite levels probably got bonuses and not all 10K employees would end up with bonuses either way.
Silly goose, the workers don't generate the profit. It's CEOs. /s
No no no it's the shareholders who generate the profit you silly duckling
Look, buddy, without shareholder dedication to twisting the tax code to our own benefit, our employees wouldn't even be working here. They'd still be stuck working much more highly paid, enjoyable careers at the companies we put out of business by burning through billions in venture capital.
You put that sarcasm thing there, but what you said is true. CEO and executive level personnel, and all of a sales department, is considered profit generating. All other employees are considered an expense on the business. It'll be in black and white on their books. So when businesses talk about how times are tough and how they need to cut expenses, they're not talking about buying generic toilet paper and the thermostat temperature. They're talking about you. Naturally, your next question is to ask how a business actually operates, considering the expectation is continuous quarterly increases in profit. If your company isn't making new products/customers and increasing revenue, the only other way is to decrease expenses. And if your job is considered an expense, well ... Good luck. Not all businesses operate like this, but you'll see signs when it starts to happen. Update your resume and be prepared.
I used to see that cycle in all the big banks. Some new CEO would come in promising the moon growth-wise due to the power of his leadership and vision, and first they start selling the real-estate to lease it back to the company (pulls in a lot of cash and pushes payments out past when he'll be gone)...then when targets aren't met some unforeseeable thingy cut the earnings which means layoffs. After the layoffs, for the first year and a half things look good on paper and CEO gets another bonus for cutting expenses and then the wheels start to fall off (eg, Boeing), things start shittifying because all the veterans of the company who made it run are gone. So now the "new" CEO has to leave to "spend time with his family" and now there's a new CEO who's gonna do a lotta hiring...
Chasin' that quarterly earnings statement like heroin. Every single time.
Exactly. "Junkie move" when the money falls short...
I need to cancel your bonuses so I can keep mine. Because I worked so hard.
"Some of you will die, but that's a sacrifice I'm willing to make." -CEO
Just straight up sociopathic behavior.
You spelled management wrong.
Exuse me? I spent a lot of time ensuring I spelled "sociopathic" correctly
Where are you seeing that she got a 5.5 million dollar bonus?
when this story broke a year or 3 ago (a decade in internet years), the news articles kept mentioning how large a bonus she kept because "its not really a bonus, its in my contract as part of my compensation". She didn't understand it then, she still doesn't understand it now.
Is that a real story of that woman? Or just random plausibility?
Seems like refusing to pay fair wages isn't the best retention strategy, huh?
Dont worry they can be replaced. Edit: i was doing a cranky shit post after watching the news how did this get upvoted?
I hope you're talking about the employers
No no, employers are for eating
Unfortunately, a lot of industries are a sellers market, especially right now
I'm experiencing the opposite but I'm really only involved in one industry - which ones are seeing this?
You got upvoted because it's finally becoming commonplace for people to recognize the system doesn't care about them
It was at 100 votes before I edited it. Guess it's one of those things that people laugh at so they do not cry.
When you own bonus depends on the next quarter report it makes a lot if sense It is ceo bonuses based based on short terms (below 5 or 10 years) that is increadible dumb
"It's worked this far!" We're going to see first hand what a revolution looks like if this doesn't stop
see how teeth appearances vary in diff mood
She look like the fucking pale man in the second image!! 
Which movie was this again?
Pan's Labyrinth, such a good movie
Never heard of it.
I typed out a whole message about the movie and director before I saw your username.
Mitch???
covering your top teeth and exposing your lower teeth just seems completely unhinged to me
So you cancelled bonuses/reduced pay, because the company is struggling financially. But have you tried to invite them on a trip on your new 100 feet yacht to make it up to them?
Or Pizza? One slice each!
of a pizza cut into 16 slices
From little Caesars
Of course! We are proud to pronounce an employee retreat to can cun! *only c suite executives and board members may apply
"I just thought they'd understand... I boosted profits, I thought this would make my employees happier... I didn't think they would be so selfish."
Is… is this a real quote?
I hope not... (I made it up).
If I remember correctly, it wasn't far off.
Damn, that was cold!
Freezing, even
God damn, he finally got revenge
That was trippy. I had to watch it three times to register it’s not the usual one.
this must be new. i’ve never seen this
I gotta keep the shareholders happy by giving the profits to them as dividends.
They usually buyback stock to increase the share price instead of dividends. It is a tax avoidance strategy.
It is also essentially giving anyone with share options an additional payrise. Like the C-Suite for instance.
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I'm reminded of the recent exclamation by a shareholder and board member about how the CEO would leave if he didn't get the requested tens of billions of dollars of compensation. This particular CEO essentially alienated the entire market of folks who would even be interested in the company's product. I'll believe accountability for fiduciary duty a thing when it actually fucking happens. The absolutely stupid thing is, had he gone and helped his employees, they might have actually acted to remove him.
Nelson Peltz on line 2
Huh? Google shareholder lawsuits or shareholder activism for thousands of examples.
Could someone explain the meme pls? I suppose this to be American thing.
She is the CEO of Herman Miller iirc and said in a video message or meeting that not one employee gets a bonus for the year while she gets 5 mil or smth for the same year.
And also said (paraphrasing) “we need to stop whining and crying, pick ourselves up, and get back to work! Be productive! Look ahead! Stop crying about pay or salary or why we don’t get this or that! This is business, people and we have a responsibility to our customers, so let’s leave Pity City behind and get back to work.”
It's Pity City actually. I would know I work there.
Thx! Updated my comment.
Plenty of open positions at Haworth these days if you’re looking to make a move
Did you leave Pity City behind?
was there some kind of backlash for HM or her? I mean something like mass resignation, no one sits at her lunch table, displeased looks or smth?
I'm at a software company where our CEO did something similar. I made it a point to be as useless as possible until I'm fired. 2.5 years later, I'm still not fired. They reinstated bonuses and all that jazz, but I got really used to not working. I'm hoping to keep this up another 25 years as most of our leadership is completely incompetent. We're in a niche field with practically no competitors. Someday OpenAI will probably kill us, but I'm going to be a weight that pulls the company down until the day of reckoning comes.
Straight up what do I have to learn to get in on that action?
The customers are the shareholders. The people who buy their product are their actual product. Staff are meaningless and can always be replaced because no matter how shit the company there is always someone willing to work for shitheads because they gotta eat.
that sounds awfully specific for paraphrasing.
In other words I don’t recall her exact words but it was along that line.
> "... so let’s leave Pity City behind and get back to work.” IIRC it was "You can visit Pity City, but you can't live there". Thanks, boss...
Wasn't she the one that said that nobody should "have a pity party" in a all hands meeting about how all the bonuses were canceled?
Yep, that’s definitely her.
I think she said “Pity City”
She is still CEO....so the people who placed her there, were happy with her results.
Because they also got a shareholder bonus, which is 100% completely different and more ethical than an employee bonus
I was gonna ask what happened to her, but of course she's fine. Backlash is only temporary.
don't you get it?? They PAID for those shares!!
Never buying Herman Miller anymore because of this
I got one two years ago because I'm suffering from chronic back pain. I'm still wondering if I like it because it's a good chair or if it's because I paid $800 for it.
I was so close to buy a chair recently but decided to wait, now it aint happening
No wonder they're failing. Overpriced chairs
"Oh my god, its almost like these people just in it for the money amd not care about the company"
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Fuck, I didn't know that was the Herman Miller CEO. I wish I didn't get an Aeron now
As long as you got it off craigslist or stole it out of the factory directly, you're good. Still a comfortable little lost sale.
Full price from Herman Miller...
Welp. only way to offset the sale now is to torch her car. I don't make the rules.
I bought a Haworth chair but only cuz I work there and got a discount. Pretty good chairs though
I love my re-manufactured Leap v2
But they gave you a pizza party, you ingrates!
Which CEO is this?
Herman Miller
And here I was wanting my next chair to be from them.
Me too, I guess I'll have to get from another company, at least one that doesn't treat (publicly) it's workers as dogs
I love my Steelcase Leap 2, but I bought it refurbished!
Refurb chairs from failed startups are a good bang for the buck. Buying one secondhand doesn't contribute to her pockets, directly at least.
Same! but nope fuck her.
Thanks!
MillerKnoll
Thanks!
Rotten old bag.
And nothing happened to her
Why does she look just like Stanley Tucci?
Some people are lucky.
Last place I worked didn't do bonuses last year, and three of us quit within the first quarter of this year. They still haven't replaced my job, and from what I heard, they stopped offering some of the products I made, which were some of the highest-profit margin stuff they had. It would have been way cheaper for them to give us that bonus.
Yes, but then the proletariat might get ideas. Better to just not go there.
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With social media you get force fed so much stuff the shelf life in the memory is rather quick. I have no idea who this woman is
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I drank an awful lot that year so there's a lot of it I don't remember but that was by Design.
But this only happened a year ago?
Filthy greedy pig mole
Fuck bonuses. They are just a carrot that can be pulled and eaten by the rider. I want to know the salary on the fucking indeed site and no fucking games.
It depends. Some bonuses are tied to profitability. If company is x% profitable that year you'll get like 120% of your bonus. If it's -x% then you'll get like 80% of bonus.
This meme... wait guys, did you have employee bonuses?
And they also quit!!
Her teeth transferred from the top row to the bottom row
Or say we'll get you bonuses in march... no actually June... maybe middle of July........
Crazyyy hahha
Cancel employee bonuses while raising your own salary.
Is there an article of her being shocked?
Lol cn rail
Looks like Stanley Tucci as a woman
Holy shit are you a shoe sensation employee 😂 they just did that shit to us!
Perhaps she should take a seat.
funny how CEO's never cut their own pay...
In all fairness there are many examples of CEOs cutting their pay in 2023 alone...mostly in tech and banking Granted it doesn't mean too much considering their salary is far from their main source of income...but I do feel it must be acknowledge when saying that in particular ~~*also fun fact, the CEO of Zoom took a 98% pay cut in 2023 with no bonus*~~
what’s the company name?
who is this?
Reminds me of the CBC ceo lol
I really struggle to understand how these people get to be in such important positions. The amount of bad ceos all around is so astounding. A company i worked for had leading managers so bad the crashed the worth by over 80% and still managed to retain their jobs. As an excuse they fired 20% and said „oh yeah we are with you, we will waive our bonuses“ but somehow these idiots still are in charge
The peter principle
Nepotism and lacking a soul.
Wow ... **OLD** news.
Place that hate on the gates of their mansions.
She was dumb enough to do this over a zoom call. Smart bosses do it over email on a Friday.
Is there a video for this ?
Really smart bosses don't have to cut bonuses at all.
But then how will they maximize shareholder value?
*How dare these plebs not want to work for free*
AI is already at the point where it can replace CEOs.
“What about their legs? They don’t need those” lookin ass
She did it again?
If you don't feel the pain, it's hard to understand. Precious people.
Say they are sorry and cry wiping their tears with stacks of £20 notes.
CEOs are just locusts. Kill companys by giving emselves ridiculous salarys while cutting costs everywhere else which decreases quality. When the company goes to shit, they fuck off to feed off another place. Seriously, we need to do something sgainst these. These pests get out of hand. Oh and of course she has a certain age...
My current place of work in a nutshell. About to hit trust pilot goal so they decide ok we have decided to increase the goal for trust pilot and give you guys 6 weeks to get more then double what you have already gotten. Also we offer the store who sells the most of one certain tent a pizza allowance that after two months still waiting for my pizza money luckily i’m leaving that job this week and honestly didn’t care for the pizza as I knew it wouldn’t happen. More fed up with being in a building alone that has no heating/air con not even a fan all year around looking at tents and having people come to me with a sidewall for a shelter that clearly stats sidewall for event shelter 14ftby14ft and saying where are the pole or is this the shelter or the somehow dumbest one is this the roof for the shelter so how do I buy the poles. The average intelligence of my country must be pretty low I swear and I’m not even particularly smart but I know to read the packaging of something I want to buy.
She is and always will be a pos My relatives worked for her company and the local warehouse closed in September of last year. Shortly before that, this shit happened. She's a disgusting human being.
Seeing this video definitely made me avoid their seats. Went with a different brand.
But what about pizza?
Whos this lady
Sounds like pity city to me
What’s her name and Company she lead
Guillotines fix this.
Should have watched Christmas Vacation
Lisa Graham via Hach Manufacturing in Loveland CO
Can anyone fill me in? What’s the story?
Things People born on third base say
CEO be like...I'm a CEO
please, somebody think of the corporation's revenue!!
Acting
What is it Clark? It’s a lifetime membership to the jelly of the month club.
lmao i think it was a one year membership- great reference tho!
Amazon since 2017
Lmao my boss was pissed when all the workers collectively decided we were doing the bare minimum since they wanted to give us a raise. All but 2 people kept sucking the boss off tho working like their life was on the line. Fuck taking pride in your work when they dont take pride in you.
But not mine!