Any idea?
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My SVP does not provide any value to 3M. This person leads by intimidation and prefers to rely on consultants rather than 3M employees who are experts in what they do. Our team would be better off without this “leader” and the money saved could be used for employees who are doing the heavy lifting.
SVPs salaries are on the financial disclosure information that are sent to the SEC and you can easily look up specific people’s compensation for pay and stock.
$500k to contribute no value and underperform the S&P 500 and be the worst performing company in the Dow 30. What a time to be alive.
Yep, JG17 runs right around that 290k cash pay. The cash number is base plus AIP, but not LTIP/stock options.
Last I checked there were a few job grades of VP. Base follows the same rough percent increase per grade, but AIP and LTIP start climbing really fast. VPs can get to $500k cash, but that would towards the very high end. I'd call the cash pay range $350 - $450k as more typical.
SVP's go up from there, call it $500k+ total cash pay, but they end up with the majority of their cash pay being AIP not base pay.
Wide range for VPs… but all in (base, AIP, LTIP) can easily be in the 600-700 range.
Regular JG Scale goes from 01 to 17. After that it goes to LL (Leadership Level).
(An bachelors degree job out of college with a couple years experience is around JG8 to 11. A Masters degree with ~5 years experience at the company is GJ 12-15.
A JG17 which is either Senior Manager or Director is ~$290k at the average.
So I would estimate a VP and SVP are making north of $400 to $500k respectively before stock options.
C-Suite info is published publically and is $500-1M + 3-15x that in options/benefits.
100 percent higher than it should be.
Way more than they’re actually worth. 99% of VP’s couldn’t get an equivalent job outside the company.
Somebody once shared the JG pay scale before......