Yo! Stop slacking folks! It’s supposed to be working from home, yeah! Peace! Stock is low, I am crying
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Nordstrom Executive Severance Plan
Schedule of Benefits
Effective December 31, 2019
Section 16 Officers on the Executive Team
24 months of base pay
12 months
6 months
Section 16 Officers not on the Executive Team
18 months of base pay
12 months
6 months
- Jeez 24 months of base pay? Maybe layoffs wouldn't keep me up at night if that's what employees got.
The main thing that stands out for me in the 10-K Annual Report is that they have redone and announced the Executive Severance Plan at the end of the report.
I don't know if it has changed from what it was. I don't know why it is here other than they may have approved some new guidelines for it. All I know is that no such section existed in any detail in the last several 10-K reports.
So something may be up – or not. You may read it and make your own conclusions.
I'm chillin' with hard cider and the newly-released Nordstrom Annual 10-K report tonight:
https://seekingalpha.com/filing/4894660
I'm going through the list of highlighted risks to the business, looking for anything new or newly-emphasized here.
Check it out. Post if you notice anything interesting in the statement.
Where is Bleak? Chill
Hey Pete, pass the popcorn.
It’s Pete. Relax Eric.
Who is this?