Thread regarding Honeywell International Inc. layoffs

10% Cut nothing if stock options are allowed

So they announced the executives will share the pain with a 10 percent pay reduction.
They can make it back big time with stock options granted during this period.
If they truly wanted to do that they would suspend all executive bonus's plus institute a 1-2 year moratorium on granting any stock options.

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| 1246 views | | 4 replies (last March 31, 2020) | Reply
Post ID: @OP+14eP5PrA

4 replies (most recent on top)

Just for above to sent to media - about the furloughts and lack of salary reduction (WOW, 10%) and no promises to cut bonuses. So its out there, just not a mass media.

Consider filing to your Attorney General as well.

https://www.bizjournals.com/charlotte/news/2020/03/25/honeywell-plans-unpaid-leave-for-employees-pay.html

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Post ID: @1njq+14eP5PrA

We are just their Minions they don't care. Greed and Power all is too.

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Post ID: @ckv+14eP5PrA

The fact is that executives (VP and higher) make more in bonuses than they do is salary, which iswhy this does NOT hurt them at all. Actually this helps them, becasue they make more in bonuese with the cost custiting measures of the furlough of others.

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Post ID: @cjb+14eP5PrA

Base pay was less than 8% of the CEO’s compensation last year, making a 10% pay cut pretty easy to swallow.

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Post ID: @iel+14eP5PrA

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