PPRuNe Forums - View Single Post - Shock horror - the boss is taking a pay freeze
Old 9th Mar 2020, 23:03
  #6 (permalink)  
SecretAngel
 
Join Date: Oct 2019
Location: Sydney
Posts: 54
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by Paragraph377
As I said in the ANZ thread, the same principle applies to Wantas;

“Don’t be fooled by such supposed generosity - a pay freeze is a mild haircut. What they don’t tell you is that Joyce still gets share options (even if they drop in value, they are still free for him!), he gets a sign-on bonus, retention bonus, performance bonus and then a bonus based on profit/revenue. DO NOT BE FOOLED. This CEO is still earning millions!!!!

its a game of smoke and mirrors. It’s a joke.
Well, they've zeroed out bonuses for the year as well so, unless you know something, at face value he's not getting any of that either...
SecretAngel is offline