Retention Bonuses
The latest Pembina Management Information Circular is out. It's a good read.
On page 78 they gave themselves $1,000,000! and their other crony’s “senior leaders” retention bonuses.
While Keyera’s executives took a 20% pay cut in 2020
Can anyone share what the pay raise was for field staff this yr as in %.
SB was the heir apparent well before even he took the photo for his security badge. Very cozy with MD and ST, et.al. With SB, those at the top and their sycophants knew what they were getting, and that they would all continue to be compensated handsomely. Total grift like a bunch of skeezy lo----e politicians. If there ever was any discussion about an external hire, it would have been quickly shut down and documented likely as: "staff would struggle with a sudden culture change given circumstances we have all faced over the last two years." Us lowly pleb staff who have largely (and quietly) hoped for meaningful change at the top just would not be able to deal with it. Fyi, to anyone external reading this, speaking up against the powers here is a strike against you and career limiting move.
Just watch. When there will be a misstep in leadership (coming soon), SB will call for a round or two of layoffs to regain confidence within the investment community.
All aboard the gravy train! Like any of these grifters were going to leave. As mentioned in the post below, the board not hiring an external for CEO will haunt us for years. Those of us who are old enough have seen this script play out before. What a massive, short-sighted f*** up.
Not a surprise at all. Shows what a mess this place is, and that the entire leadership team is concerned about lining their pockets only. At the expense of the company and it’s people. Not bringing in a external hire as our new CEO was/is a huge mistake that will cost us average workers dearly.