I think he wants 30%
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The business needs 25% percent.
However, there needs to be a massive amount of folks out of management in the next round.
Ever played musical chairs where you take double the chairs away each turn?
To quote the great Duke's of Hazard Sheriff Boss Hogg,
"He oughta' git 50% of 50% of 50%!" But he'll continue to get his $$$,$$$,$$$'s off the backs of the ones that are doing all of the heavy lifting.
What's going to happen is all the schmucks that aren't able to Retire yet will just keep on keepin' on because they're helpless to do anything else.
Then the ones who are eligible to Retire but don't ASAP are gonna let their greed get the best of them and blame everyone else for not pulling their weight while the good old GE ship sinks into the slimy swamp of poor financial investments and economic fatalities.
The best advice to anyone with the least bit of common sense is this...
*GET OUT WHILE THE
GETTINS' GOOD !*
I feel sorry for everyone who gets to spend the rest of 2020 looking over their shoulders for layoffs coming up behind them. It might be hard focusing on doing good work when that might come up and bite you right when it is difficult to find another job quickly.
As for Larry Culp, he won't be seeing any of his stock price-based performance bonuses for the duration of his employment contract with GE, unless the GE Board lowers the bar due to circumstances. I do think that GE is lucky to have someone of Larry Culp's quality in the CEO spot to navigate through this awful mess.
My only complaint about today's investors call is that I find it harder to fap during the CFO's part – I miss Jamie's voice there. The new CFO has a similar M—y hotness that I like, but her voice is kinda off-putting for my purposes.
LC has no skin in the game (he is not GE), he gets his Big money regardless of outcome.
LC is just OK. Not the right person for current business environment.
The % will be whatever it takes to get his bonus.
Larry CU**
Maybe Larry C ?
What is LC ?