Your company was $26 million dollars short of a goal that would trigger a minimum bonus payout. You were paid a base salary of $1.1 million dollars. According to salary.com you got just south of $1.3 million as a bonus. $867K in stock option, $1.4 million in company stock, and $336K in other compensation. This is just south of $5 million dollars for one year of employment.
You say your message landed wrong. It didn't land wrong. It was condescending and insulting. Your workers can't leave Pity City because they can't even pay to live there.
Bonuses for the other executives
368K
1.4 million
330K
369K
Your ceo to employee pay ratio is 111:1. That means for every dollar an employee received, you received 111.
You've been CEO for 22 months, so roughly back in June 2021. The stock price for the week of June 21, 2021 was a high of 48.28, slightly lower than the 49.73 it was on Jun 4th and one of the highest valuations of all time for the company. Today it sits at 17.24. The price and valuation under your leadership has consistently gone down.
MillerKnoll employs roughly 11,000 people. Let's do some napkin math.
Your bonus alone would allow the company to give a bonus of 118 dollars. Every single employee, regardless of what they do or what they contributed. No matter if they were on a PIP or they were a rockstar and met all their metrics.
There were four other executives that got a bonus, so quick napkin math for them plus yours. 3.767 million divided by 11,000 employees.
That comes out to 342 dollars per employee. This isn't groundbreaking money, but it's fucking insulting when we see five people got damn near four million dollars.
You got a BONUS over over 100% and you feel your message landed wrong. Tell me someone from marketing wrote your apology without telling me.
I challenge anyone at any company to provide an example where an employee, not a C suite or VP, got a BONUS that is over 100% of their base compensation. I admit, there are likely scenarios where this is the case but they will be rarer than rocking horse shit.
You basically sat in a zoom meeting and told everyone “Fuck you, I got mine” and to shut the fuck up.
It boggles my mind what metric was used to calculate your bonus. You took a company and have pretty much flushed it in the toilet under your leadership. How many other areas of the company are top heavy? This isn't even two years in. Just shy of two years and the value is LESS than 50% of what it was when you started? What other “leader” would be given this much rope to play with? How long would an employee be allowed to be employed while CONSTANTLY and CONSISTENTLY declining on their quality of work?
Your company is not unique. Every company that acts like this has a toxic culture and every time….every single fucking time someone gets pissed off, you have this “I had no idea” look on your face, as if you couldn't imagine you were pissing people off.
If the rank and file didn't qualify for a bonus, then “Get the damn 26 million” and give up the three million at the top. To quote, “Lets get it done”. You also say you will continue to do everything to help us meet our shared goals. Will you give up that money, in order to meet the shared goals? Everyone knows you won't.
Because “Fuck you, I got mine”.
This is the reason your employees are pissed. Prices go up, companies report record profits, but not record raises. Hell some companies are still in a “raise freeze” while crowing about how much profit was made and how many bonuses went to the top.
Y'all look like that trashy person we see posted online out in the club living it up, while people in the comments are ratioing them about how they won't buy their baby pampers. Or won't pay child support. Or won't hold a job.
You'll hire consultants and ask them “What are we missing” and paying $300K to be told what your employees have been telling you but they've been gaslit into believing that THEY are wrong. Then you'll get the report that basically says “Stop being a fucking douche canoe” and you'll point out the flaws in the consultants, refuse to pay them, take them to court and tie up their business, etc. All because you thought you'd get a report that said “You're doing a fine fucking job, no one wants to work anymore”.
If one company frequented this sub and did a deep dive on the actual fucking reality of why people are pissed, and implemented actual change ( as well as treating the employees as fucking humans instead of “headcount” ) that company might make a fucking killing in profits AND in stock price.
We know it won't though, because “Fuck you, I got mine”.