https://za.investing.com/news/stock-market-news/lumen-technologies-updates-executive-severance-plan-and-ceo-agreement-93CH-4523571
5 replies (most recent on top)
wow. No wonder the company is going bankrupt. Paying executives 1 to 2 years of salary, 1 to 2 years of Cobra and 1 to 2 years of a targeted bonus amount when they leave? The company became very very top heavy when KJ took over a couple years ago and started hiring all her friends and now they're looking at paying out tens or hundreds of millions to let these people go? No wonder they all just sat back and laughed while they were laying of thousands and thousands of long time hard working employees paying them pennies to leave if anything. Remember car karaoke with what's her name? And jaunts with Jay on the beach? Two people who are no longer there and sounds like are getting paid damn good money for a couple more years to jaunt on the beach and sing in their cars. Their stupid smirks and complete disconnection from the reality of the rest of us used to pi-s me off beyond belief. I'm very glad I'm not there anymore. KJ is running that company right down the toilet.
@c4 I believe the biggest issue our country is facing is the income inequality and nobody is talking about it during election cycles or barely at all. No politician uses it as a campaign strategy or proposes plans to correct it. I don’t think corporations will correct this from the kindness of their hearts.
And look who signed it, a new evp. The same one sc--wing over almost all employees.
It's like sheesh learn how the company works before making drastic changes just because it makes you look good.
@OP Curious timing for a SEC 8K filing modifying the Executive Severance Packages on 10/23/2026, thoughts anyone?
Especially since suspected layoff dates are being posted, 10/29/2026 and another on 11/20/2026.
Good luck Lumen Humans!
@OP Yep, saw that late yesterday evening. Good to know just how generous the Severance Packages are at that level. Meanwhile I am still looking for a job since the
July 1st 2026 whack and my subsidized COBRA is coming to an end.
Well played Katie and crew!
https://ir.lumen.com/financials/sec-filings/lumen/default.aspx