In case you missed the post: Respect to Vincent, absolute legend for speaking up.
RV
Another proud moment for BNY: We’re on Fortune’s #WorldsMostAdmiredCompanies list for the 29th year.
How do you consistently make it onto a list among some of the world’s most successful companies?
The answer is simple: Our people. The work they do day in and day out to ensure that we’re resilient, staying ahead of the curve, giving back to our communities and delivering for our clients.
Congratulations to our teams around the world for this achievement, and thank you for your commitment to BNY.
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Vincent B comment:
The answer is simple: Our people...Is it Sir?
The people who keep the gears turning are seeing sub-2% raises that barely cover rising healthcare costs, the Board has awarded CEO Robin Vince a 28% pay hike and a $25M stock package. This means one individual received an equity stake equivalent to 40,000 workers combined.
This isn't a failure of capitalism; it’s the abuse of it. While leadership deserves competitive pay, success should be a shared enterprise. Here’s a simple proposal: implement a tiered stock bonus based on performance—2% for "Meets Expectations" and 4% for "Exceeds." The cost? Less than $100M a year, or a mere $0.13 per share.
To the Board: How much is enough? It’s time to stop being "pigs" at the top and start paying your employees a fair share of the value they create