Papa Farr’s merry bunch of id–ts have all been saying how more “unfortunate” actions need to be taken. How about they take actions on themselves too by reducing their salaries and bonuses even further. So it’s okay to lay-off and furlough even more people, but they get their full pay at the end of the current fiscal year.
11 replies (most recent on top)
Yes, this company is unrecognizable from 5 years ago. This use to be a great place to work, but the egos of executives have trickled down throughout the organization. Layoffs, furloughs, salary reductions all at the same time as Emerson is paying $1.2B in cash for acquisitions and the stock price is almost at a 52 week high. Upper executives are thankfully good at acquisitions for the most part, because running a company and making their employees feel empowered isn’t their concern.
We’re being held back by the country club type that couldn’t sell in the field if they wanted to, but they spent time over seas and are part of the “circle”.
The executives get full pay at the end of the year and they get performance shares in November. The rest of us are screwed.
Farr is paid too much for his failures. He has a board subservient to him. He won’t leave and the board won’t boot him.
Agreed. Farr is the biggest problem for Emerson.
Fark Farr. He is the biggest crook.
Farr is leaving swindling close to billions ...
Remove Farr and all the dead wood executives including Pelch, Train, Lal, Ram, etc. Then Emerson can reinvent itself.
Remove Farr and Emerson’s problems will be solved.
Most executives at Emerson are nothing but administrators.
A lot of these “executives” at Emerson have the same responsibilities and # of individual contributors as first line managers at most other companies. You know who you are!!
First, take away country club and cars for executives. That would save tens of millions every year.
Then take away performance shares for executives. That would save tens of millions. Why should executives be paid performance shares when the company is not performing and have to lay-off employees round after round.
Then cut executives pay by 30%. That would save tens of millions.
Then cut Farr’s fat compensation of more than $20 million annually.