KM is gone!
45 replies (most recent on top)
The sickness excuse might or might not be true but what is true is that Darren retired her because she could not find any more structural cost savings and we all know very well how much Darren loves structural cost savings. So, they worked out an agreement to retire her and blame it on her health. But make no mistake, this was Darren's work.
@mw Only if they maxed out their potential. Those that really contribute will get a promotion every few years and continue to see meaningful increases. The problem is that this board is full of mediocre folks.....
@jc, you are clueless. Plenty of O,E,VG who’ve received small or no raise. You clearly have no idea what you are talking about. Btw, 8.5% ain’t nothing to brag about. When your raise hits 18%+, then you can brag.
I won’t be surprised we will see her as CFO of another $het company in a few months. Health problem was an excuse and cover for poor performance
If KM was paid over 78 millions dollars total while at EM, which I think was actually nearer to 85 million, she was paid over $1000 per minute, every minute, of every 8 hour workday.
There is no way that she added 15 million in value to EM per year, with near zero knowledge of the oil industry.
KM was awarded $78 million worth of stock in 5 years. Was given $8 million signing bonus as a new hire from a liq-or distributor with zero industry knowledge.
Her main contribution was HotDesking and abandoning buildings on campus.
KM did not add anywhere near $78 million in value.
@gp 2-3% is an average. Good performers get 8-10%, people who su-k at their job 0%.
But if you are satisfied with being mediocre, I am sure 2-3% is fine.... I will enjoy my 8,5%.
@dn 2-3% was the average raise across the U.S. workforce this year according the most reliable payroll data available.
You’re basically saying that the entire American workforce is mediocre, even though most companies reported record profits. I’m not sure I’m following your logic here.
@dn false. I always rank high. 2% is a slap in the face.
She is probably sick of working for DW and the board. Throwing in the towel
@dn Or maybe your employer is a greedy tightwad who uses all kinds of fancy tricks to underpay people for their work.
It’s notable that executive compensation always tracks with inflation regardless of performance. No reason why it can’t for employees.
Seems she doesn’t have a record of staying in a company for long
Sorry to hear that she’s sick.
At least we know it’s not a heart problem. She’s demonstrated that she doesn’t have one.
Good riddance to bad rubbish!
@ce if your raise is below 3% it is the result of your subpar performance. KM’s retirement does not change this.
Can I get a retro raise to get me to 3% now.
@c3 It never fails to surprise me how stupid some people are.
You can retire even if you aren’t receiving a pension….
How can she "retire" if she doesn't have 15 years of service? If I leave before 55 + 15 years I lose my rsu's right??
@ag , most of us actually do come to the office when sick!
Unbelievable. She demands that we fill out surveys about whether we’re working hard and having fun, but when she stops having fun, suddenly she’s out of here. No note, no goodbye, no explanation. Darren had to write the farewell message for her. That is not leadership. One of our other leaders openly shared her health issues, not because she owed us medical details, but because transparency helps people. It warns them so they don’t get the same thing, and it humanizes them. But not her. She just disappears with no message at all, so empty and disconnected.
The real question is, what about the people that KM hired (especially from external)?
If I were in their shoes, I’d start looking for another role quickly.
DW knows who’s working; KM can’t protect anymore!
Two points:
- Regardless of what she did or did not do, I wish her no ill will. That type of hate only consumes; most of us are better people than that (or were).
- High effort jobs exist across companies but EM jobs have a stress level that could be argued higher than others (if one gives their all to the role). So for the newbies coming in, be ready to trade years of your life and youth for $. EM is just a different level
@a8 South of Heaven, apparently.
@ag I think you may have misunderstood my comment.
Also, if a Corporate Officer being paid on the order of $10M/year can WFH for more than a month (for any reason), then so can any other employee. This “better together” BS has lost what little efficacy it had.
@aq presumably her RSUs vest 50% now and 50% the latter of retirement or 10 years after issued, just like all senior executives
@at Could’ve worked for one year and been set for life.
Greed really is a disease of the mind.
Likely a failed experiment being they replaced her with a 25 year employee. Just saying.
Kathryn A. Mikells (59)
Senior Vice President and Chief Financial Officer
Compensation by year
- $13,886,702
- $20,013,825
- $18,047,556
- $18,912,43
Name her greatest accomplishment. Heck name one single accomplishment. Please state your answer in the form of a question.
Don’t let the door hit you on the way out. Tell me she doesn’t get to keep the millions? NSI if there ever was one. They paid her how much? What did she accomplish?
@ap Read the proxy and you know.
How long until those RSUs vest, 7 years like the rest of us??
She should have been replaced with a CFO from Bangalore. CFO work done remotely can be done in India . RIP KM
@af FU. If you are sick, do you come to the office? A...hole.
@a9 Most of the people requiring everyone to come to the office are working from home. Yes, they know they’re hypocrites. No, they don’t care.
How is the new health plan working out for you ?
@a9 Sorry to hear that. She is a very impressive woman. I wish her well!
She's "sick". Fired for cause. Outside hire fail.
@a8 She’s retiring to take care of her health issues. She hasn’t been on campus almost the entire year. Makes millions of dollars working from home.
Where is she going?