If a company says it is Needed because they provide services like regeneration to hospitals but only makes maybe 30% of most refrigeration models yet it is back to work as usual making non refrigeration beside a small percentage of refrigeration models isn't that a ball face lie. They have 2 lines out of 6 lines that make refrigeration models yet still today they will not let go of the high risk employees that could die from this ,working them side by side unreal. I just lost all respect I had for our planet Manager which is suppose to be a Christian man and the CEO of Emerson. Shame on you guys shame. You will have to answer to God one days. If you truthfully and say we are so far behind because of China not getting product out, you might not have lost so many employees respect today.
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Top execs cut their salaries 15% for the year, all of senior management 10%, and directors and such 5%.
I laughed when I read this in the original memo. Do you have any idea how little of their compensation comes from their salaries? This was truly for show only, not a meaningful gesture. Do you have any idea how much stock buy-back Emerson has done over the last 5 years? How much in bonuses was paid out on that?
The whole thing is nothing but a clown show.
- Top execs cut their salaries 15% for the year, all of senior management 10%, and directors and such 5%.
From the perspective from our absorbed company from a couple years ago, I want to know - how many layers of upper management are needed for annual planning, re-evaluating the plans, planning 5 year strategy, editing strategies and plans, then starting new planning committees with another business group of like-minded (and looking) planning guys, all engineers, that love to high five one another, stay in nice resorts several weeks per quarter, and speak in EMR buzzwords? Do four layers of particularly high paid guys accomplish the ongoing planning strategies, or are there more layers overlapped in there that stay a bit invisible to the plant and sales people?
Top execs cut their salaries 15% for the year, all of senior management 10%, and directors and such 5%. In general, everyone else had salaries preserved.
Emerson doesn’t give a sh– about employees. The managers and VPs who drank the Kool-Aid don’t dare say a thing and only care about looking good trying to get their next promotion. My company which was acquired by Emerson had a lot of history and used to be an amazing place to work. It is now infected with the mediocrity of Emerson. This crisis has just emphasized how poor the company is run, how little they were willing to invest in their employees when the times were good. Now that the numbers won’t be met I fully expect layoffs in the near term.
What kind of company sends an email saying no raises for a year, without any of the executives sacrificing their salaries. What kind of company not a week later sends an announcement they have acquired a new company.
Go look at the compensation of the executives. Decide for yourself if it’s fair they will all get bonuses for controlling costs in these “unprecedented” times.
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