Poor Paul and Bella get a pay cut

Did you read about Paul Reilly's and Bella's pay cut yesterday. RJ announced that Paul's pay is getting cut 17% and Bella received a 10.5% cut. How sad to hear this. At least they still have a job. Why, why didn't RJ just institute pay cuts across the board like many other companies did instead of laying off 550 people and then turn around and buy 2 companies. Lots of smart planning here as you can see. Oh and listen to this. It is said that Paul's salary is 131 times more than the median salary. Read it for yourself.

https://advisorhub.com/raymond-james-slashes-ceo-pay-17-in-turbulent-year/

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If he took a pay cut, I can almost guarantee he will make up for it in stock options and a bonus.

Sometimes the pay cut for a CEO is just for PR.

Wow! is all I can say after reading that article. And to hear the board praised Paul for his leadership. Did they praise him when he announced during the town hall right after the 550 were let go that they realized months ago that they overstaffed? Maybe they should have laid off a couple of these executives (Bella, Vin, Andy Z) and saved a few jobs, Maybe a leader would have made a hard decision to cut everyone's pay by 5% and eliminate part of the bonus for 2020 and saved a few more jobs. Poor Paul only making 11 million while some of us were forced to file early for Social Security. Yes, RJ Board of directors Paul and his team did an excellent job.

Thread regarding Raymond James Financial Inc. layoffs

Poor Paul and Bella get a pay cut

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