There's a lot of speculation happening w/ Avaya on whether or not the company files Chapter 11 and/or what the future holds for the company, but I was a little caught off guard today seeing Alan Masarek being paid $10M in bonuses after being here 5 months when so many of my colleagues were handed pink slips heading into the Holidays. It just doesn't seem right and I hope I don't see insult to injury by having my shares & options wiped out.
15 replies (most recent on top)
Unbelievable all the suffering shareholders, business partners, employees, creditors and this happens?
Completely disgusting and shameful behavior from so many of those in decision making positions both past and present. I dont know what customers they think are going to purchase anything from avaya except for those that already have avaya and costs to switch to another vendor would be too difficult and expensive.
True, nothing has been done at ground level.Still same old problem persists. Everything is in powerpoint so far
Haha. 90% of the leaders starting senior mgr, dir, vp, etc...follow the same corrupt startegy on the name of securing Avaya and filling their own banks.
Please check the tenure of all leaders starting SMGR roles until VPs, why they are still here when organization is failing. Who is responsible they or others. These people don't have any shame working towards ruining entire org.
When we are planning to get rid of these old leaders,roadblocks to Avaya success. Continue to make them the decision makers & trust them is a big mistake..
True don't Alan, he is another jerk working towards his payout and not for the betterment of the company.
If he finds any roadblocks for his stategy execution , he should simply resign on moral grounds, instead executing someone else agenda to secure his payout...Shame.....
Prepare to win you say...
I say prepare for a new job in a properly run company in the new year
Alan is another puppet being played in the hands of board members and investors. Its very clear from last all hands meeting, which he swiftly faked all agenda points as achieved, which is not true.May be he is following the same script as JC and KK in the past to secure his payout.
So sad to see this company dooming and still trying to fake the org results. Which govt body can audit this fake company which is misleading its business outcomes for last 22 yrs. What is the intent for doing business in such manner.
Is it security or syphoning retail investors money or anything far bigger then we all can think of. How come all CEOs turned out to be fake, which eventually leads to executing fake board members script... Govt audit is must for faking overall org results and continuosly reporting lossess even if we have so large customer base
That’s reality of Avaya. We’ve been deceived by leadership. Don’t be fooled again!
But but but Innovation without dIsRuPtIoN!!! What a joke
We can’t pay our debts and have to file Ch. 11 but can afford to give Alan another 10mil? How many employees could we have retained with that 10mil that are now jobless for the holidays? I’m sure he really deserves it though considering we haven’t filed a 10Q since May and are about to go into bankruptcy for the second time in 6 years.
Given Avaya's share price is now junk status and risks being de-listed of NYSE, what a nice relief no longer being obliged to purchase Avaya stock (you know... so he's personally invested and incentived to turn the business around)!!
To the person who neglected to read the 8k...
Dec 23 2022: Alan Masarek was awarded $6m bonus PLUS the Comp Committee decided he was allowed to KEEP the $4m Sign on Bonus and was no longer required to buy the stock.
ALSO....
The FORMER CAO, Shefali Shah, WHO has made Millions off of her own stock options being sold off on FY 2022(same year her LACK of Controls was exposed) received $1.2 MILLION in a cash bonus
Let's not forget Alan's package also includes an Avaya stock award as incentive to try and rescue Avaya... Looking at Avaya's rapid share price declne since Maserak started CEO role July, it's not looking great.
Agree... It's tone deaf and an absolute disgrace to award an initial sign-on bonus of $4M then another $6M bonus given Avaya's recurrent situation.
https://www.marketscreener.com/quote/stock/AVAYA-HOLDINGS-CORP-40246816/news/AVAYA-HOLDINGS-CORP-Change-in-Directors-or-Principal-Officers-form-8-K-42613796/
It would have been a little more pallatable to have awarded the $6M based on targeted achievements so far... Oh wait, I forgot... He's delivered the 'Do less with less' target by taking $250M cost out of the business via layoffs and finally reducing and renaming (yet again) the aged, competing product lines. What a guy.
There will be rioting in and outside of the office. Mark this post.
Getting real tired of Barbie and that weekly bs.
I can’t put up with that bull for much longer.
That will be the last match that lights the fire.