Just google 1982 securities and exchange act....this sums up Marvin and his minions.there is no more you it’s all about short boosts and buy backs.if you like your job stay if not leave.money is no longer being invested to grow this company it’s a short term get rich for the few at the top.hows that stock doing now steadily dropping right on schedule.dont be a fool if you feel like you’re being treated wrongly look for another job I guarantee you’ll find a better one.
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Marvin is setting up Lowe's for the Amazon buyout. Amazon will turn the stores into regional shipping as pickup zones. They already expressed the desire to get more into contractor sales. You used to hear it at morning meetings that Amazon sells more lumber than anyone. He is only keeping Lowe's stock up high enough to capitalize his stock buyout. Lowe's desire to target milineals is in line with Amazon s target group.
In answer to your query: The PSE and store manager are two that can make $100k+ in many Lowes stores. Marvin, I hear, is eliminating PSE after this year, so it will only be SM making bank in stores.
There is money being invested in the company just look at the millions, if not billions being spent on the new tech palace and the salaries being paid to those that will work there; an average of $117,000. That’s one hundred seventeen thousand dollars. Who at the store makes that kind of money.
It’s true there is nothing being invested in the stores. My store has several things broken that have been broken for a while we are not hopeful that they will be fixed. We just work around the problem and figure this is our new normal.