But what’s the point of that, when the principal value of XOM shares had plummeted by as much as 30-40% now? !!!
I had sold all my stock options awarded to me by the company in the last decade, when it was traded in the high-60s to 70+. Now it’s a miserable low-40s .
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Seriously I do not care how the company operate, e.g. reducing headcount, salary cut, removing benefits, etc etc. I believe in the management and as long as I get my quarterly, and growing, dividend, I am happy. Thank you for working hard and sacrificing for us shareholders.
I agree to some pay cuts, not only for employees but need to see how we can reduce the extremely super high costs the Company are paying the Contractors (especially the Project Contractors).
Please dont cut SLS's salary, we need the pay to plan for your bright career.
Think we should all volunteer for a 50% cut in our salary. To help EM!
Winning together! We are ExxonMobil!
Hopefully they can remove our LTSA and AWS benefits by next year, they really need the money to pay for the dividends. One for all and all for one, let’s unite together and support our company’s vision.
Quite sure the young ones are already doing so. Much more tech savvy, as long as we continue to have some WFH arrangements.
Might as well jump ship for the younger folks. No point staying on this sinking ship.
Including LTSA 5%, so around there la
@1Iikr+16zEvLP3
More like 15% pay cut lah (not 20%) cos they still have to give the 13th month AWS, w/o the bonus
every manager will want a world class team, will not want an ex-PIP person, that's the hard truth.
For people who are not here long enough, without bonus and ltsa, that is easily 20% pay cut without announcing pay cut, don't be like those sheep shouting #weareexxonmobil, if #weareexxonmobil, share us your huge pay cheque, then i will shout for you
We should be happy for those who passed the PIP. However, do you think managers would want to risk taking in an ex-PIP into the team next year? This is a behavioural problem that we might face next year...never ending......... Meaning PIP pass also you cannot stay longer?😮😭
@1Hwdb+16zEvLP3 Agree. Take a senior MPT employee earning say $300-350K pa (on a 15-mth annualised basis). He will now be taking about $40-50K pa less, without the bonus and LTSA.
That impact sum is likely insignificant impetus for him to take flight, given his middle age and chances of re-employability. And he will probably stay put, in the interest of his mortgage(s) and other family and financial commitments.
Long serving employees likely to stay even if no 3 months AWS or LTSA next year. At some of our current pay scale and age, it is not possible to switch... unfortunately.
No 3 months and LTSA nexr year.
Remember if you wish to resign, tender only on or after the 15th day of the month. This way you will be entitled for the additional prorated bonus and benefits. Every cent counts!
Pro-rated bonus? This year - Yes. Next year onwards - likely No.
@1Guwu+16zEvLP3 If resign? Got pro-rated bonus?
We should be happy for those who passed the PIP. However, do you think managers would want to risk taking in an ex-PIP into the team next year? This is a behavioural problem that we might face next year...never ending.
@1Grqk+16zEvLP3 No lah, you will still get your pro-rated bonus if you failed PIP and have to leave.
Stop spreading fake news!
Not all PIP passed, many failed. Those didnt make please report to mom. Just prove to mom that the improvement program is unrealistic and bias supervisor assessment. You loss your prorated bonus taking pip instead of pil.
@1Ebui+16zEvLP3
Though we were stupid complaining to MOM, but at least those on PIP passed.
💪💪💪All PIP pass
I’m using the tome to exhaust all medical benefits we have.. remember to use yours
@1Ebui+16zEvLP3
Though we were stupid complaining to MOM, but at least those on PIP passed.
We also glad that US side very positive.
Positive with COVID. Stupid don't wear mask, still waiting for vaccine. Cut another 8%.
In US, even executve rank managers got laid off, age is not on their side. Same will definitely come to Sg, just a matter of time.
Maybe some executives can share their dividends with everyone since they like to non-stop spam and shout #weareexxonmobil in slido
DW and his top lieutenants can feed their families. The rest can keep your jobs as long as you say yes to him.
Look at what is happening in US today. Let see what else coming our way in singapore, we like to think we are safe, but we are constantly in denial. Come on... we have a family to feed.
Bloomberg Dec 1, 2020
(Bloomberg) – Exxon Mobil Corp. is suspending employee bonuses for this year after the crude-market collapse spurred a record run of quarterly losses for the oil titan. Top executives, however, will still receive stock awards.
The Exxon board’s compensation committee “exercised discretion in light of challenging industry conditions and resulting company earnings,” the company said in a regulatory filing on Monday. Chief Executive Officer Darren Woods and his four top lieutenants will receive restricted stock units, according to a separate filing on Tuesday.
The oil supermajor has endured a torrid year in which crude demand and prices crashed, forcing the company to slash spending forecasts and target 14,000 jobs for elimination. Exxon also disclosed it expects to write down as much as $20 billion in assets during the current quarter.
Exxon’s top executives – Woods, Senior Vice Presidents Andrew Swiger, Neil Chapman and Jack Williams, as well as global projects head Neil Duffin – will share 554,400 in restricted stock awards, about the same as a year earlier. The awards were valued at about $37.5 million in total last year, but Exxon shares have tumbled about 40% since then.
© 2020 Bloomberg L.P.
This complaining from Singapore is really stupid. It doesn’t change anything. DW and his special team of 4-5 continues to get paid nicely - https://www.bloomberg.com/news/articles/2020-12-01/exxon-is-suspending-employee-bonuses-after-oil-market-collapse
So you slaves in Singapore should just continue to keep your head down and working silently, while praying that the country study doesn’t pick you as efficiencies.
Is there any more residual doubt that our top echelon cares for no one but there selfish selves? Read on.......... https://www.bloomberg.com/news/articles/2020-12-01/exxon-is-suspending-employee-bonuses-after-oil-market-collapse
@1Dhpd+16zEvLP3 Yeah, woman at the helm, with both arms outstretched! :)
1Dlnr+16zEvLP3
Heard of Titanic?
What can we expect in the new era with a new captain of this ship?
@1Adwe+16zEvLP3 => GSK Slave!
Contribution in retaining 3 months??? FAKE news.
FAKE news. Where got CL 30 or manager got NSI. They only give NSI.
@1Adwe+16zEvLP3
If GSK is so empathetic, he would shield innocent retiree and staff from PIP / PIL exercise.
You must be either legal, P&GA or HR and pray at him as your God
@1Adwe+16zEvLP3 is obviously from public communications. Should spend useful time on real comms not here, well.. can't remember any.
@1Adwe+16zEvLP3 he did nothing.. I heard the next one is worse..
We have to thank Gan for his contribution in retaining the 3 months bonus for all Singaporeans . His farewell video is resolute and encouraging, despite the deterioration of trust and motivation caused by Dallas and Houston leadership.
Wish him well in retirement and hopefully new senior leadership take heed and repair the trust, first by respecting all employees, be truthful and transparent. Empathetic leadership skills should be the number one of all core traits and leaders should be ranked based on genuine feedback by subordinates.