88 vps and your answer is to lay off front-line workers”
Just curious, someone posted this number of VPs. Seriously, is this for real?
8 replies (most recent on top)
"I was there for 25 years until I retired recently"
Isn't 25 years enough time to get to VP? Providing you have adequate education level?
("Here they are high-paid flunkies that are told to cut costs and nothing else. They are the equivalent of a supervisor or manager at most companies"
So these other companies are paying $500K to these 'supervisors or managers'. Why are you not there? Lacking skills or just lazy?)
I never stated other companies overpay their supervisors or managers. I implied Enbridge overpays their directors and vps based on their responsibilities. I was there for 25 years until I retired recently. If you’re in one of these positions don't sweat it. They are paying you well for following instructions and cutting costs.
"Here they are high-paid flunkies that are told to cut costs and nothing else. They are the equivalent of a supervisor or manager at most companies"
So these other companies are paying $500K to these 'supervisors or managers'. Why are you not there? Lacking skills or just lazy?
Not trying to defend this but remember a VP at Enbridge is not like a VP at most companies. Here they are high-paid flunkies that are told to cut costs and nothing else. They are the equivalent of a supervisor or manager at most companies. The decisions are all made by a handful of people at the top and the rest just carry out instructions.
It's pretty heavy even with 12,000 employees. This is largely due to the style of management. Centralized control and very top-down driven. A decentralized structure with more delegation of authority would allow much less management. It's the company's prerogative for sure but it's tough to swallow when they keep saying they need to look for efficiencies.
“For 12,000 employees it’s not that crazy”
No wonder they have to laid off the minions coz they have to pay a lot for Management. As you go up the ladder, from staff to supervisor the bonus alone goes up. Then if you become manager you get more bonus plus the Enbridge shares. So from base compensation, bonus structure, company shares and other perks they are higher as you go up the ladder. And in case of VPs they have what you call a golden parachute that when they get laid off they have a nice package.
It’s not a bad business case for kissing a** after all.
For 12,000 employees it’s not that crazy.
Yup. There was a discussion about it here a few weeks ago. I don't recall the exact number but its in the 80s. Its crazy but its true.