This is the Kurian equation. There is no solution. You may think you're a valued employee but your just a parameter in his bonus calculation.
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The board is delusional if they keep approving these comp packages for the CEO. He has done nothing to deserve it. The crony board should be dissolved and investors should nominate an activist.
NetApp had a good thing going there for a long time, but nothing last forever. I take the layoff as an opportunity to refresh my skills, take a long needed sabbatical, and land with an exciting new opportunity refreshed.
Thanks for the fish.
you missed an important addition to the Kurian equation... While revenue for netapp has remained
the same his pay has more than doubled,
Dividend + buybacks + layoffs+ increase in GKs pay packet - innovation
His pay in the past 5 years
2015 - 4 Million
2016 - 9 million
2017 - 9 million
2018 - 12 million
2019 - 13 million
https://www.salary.com/tools/executive-compensation-calculator/george-kurian-salary-bonus-stock-options-for-netapp-inc/trend-analysis
I agree Kurian is not going to bring NetApp back to its glory days. No one can. It is a commodity storage company. That being said, if you think you are a "valued" employee at any company then you are delusional. Any publicly traded company looks at employees as a number. If the numbers need adjustment then they are adjusted. It s—s but it is the reality of the working world. Don't be loyal to someone who doesn't care about you. If you can find a better deal, take it.