Compensation

I would be very interested to see MT’s compensation numbers after this year (it is in the public domain). His base salary is 1.47 million plus incentive bonus based on metrics based on financial results, growth, customer retention, and employee satisfaction.Chew on this. His incentive pay was 6.6 million based on those metrics. The total comp is comparably low for a Fortune 50 CEO, nevertheless that’s the comp plan they have in place.

Without knowing the final numbers, it is already apparent, the company is significantly under goal in growth and retention in auto.

Employee satisfaction, well the general pulse is not high. The Hubs are even worse. Agent satisfaction from what I hear is int he tank as well

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My guess is his compensation will be an order of magnitude greater than mine. although I did get a 1.5% raise this year....almost enough to keep up with inflation.

The employee services are not confidential. There’s a disclosure that states they attempt to keep it confidential

The joy of being an executive is that you can change the metrics on which your compensation is based on. Notice that this years goals for the Incentive plan involves reducing expenses...and thus why we're on this site.

I don't fill out those surveys. They just serve management and their bonuses. They only pick questions that avoid the issues employees are really having..and I don't trust that they are anonymous

I don’t think he cares about employee satisfaction.

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Compensation

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