bmn? ? ?Premium,ExMod 2003-06
join:2001-03-15
hiatus
1 edit | Overcompensated vulture... Edward Mueller will be Qwest's new CEO, and will start with a salary of $1.2 million and a minimum bonus of $947,000 (plus stock-based incentives). $947,000 minimum bonus ? Sorry, but I thought bonuses were always granted based on performance or profitability. According to the news, the guy gets a guaranteed bonus with this minimum bonus crap ? Man, I'd like to have a minimum bonus for doing jack squat like these executive guys. $deity knows I've got more marketable skills than most of them (considering theirs usually are the ability to play golf and to sit pretty for investor press conferences).
Anyway, the only upside is that this guy HAS TO BE better than Nacchio was.
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| Nacchio has been out for a while, so that's pretty much a guarantee. |
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|  all i remember was once we was us west going into a merg comming out butt hurt and being called qwest 
nacho mr 25mill chip man nice gold jump out! now you may understand why the service sucks go figure a railw3ay company that builds millions in fiber/backbone......trys to call them a (phone) company, well ma bell once was then came 1984.... and us wet was now a baby bell along with the new at&t! old timers who took pride in there work! only to see what was once a strong union is no more then a local of yes sir no sir people called 7014, and since all the upper mgnt took flyouts. all you have left is newbies who dont have an idea what real telephone work is! and rely on meters that do all there work with little to know understanding! service! why not add another greeddy upperassmanagnt who have no idea but more money!  |
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 GooberPremium
join:2000-12-17
Naperville, IL
kudos:4
1 edit | reply to bmn
You're misinterpreting the typically yellow journalistic headline. The minimum bonus number is the minimum amount he will be paid IF bonuses are paid out at all.
For example, he may have a target bonus of 100%, but a minimum bonus of 75% and an incentive bonus of %125
Now, defining the trigger level for bonuses for the guy is a different question for a different day. |
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GooberPremium
join:2000-12-17
Naperville, IL
kudos:4 | reply to redone21
said by redone21: all i remember was once we was us west going into a merg comming out butt hurt and being called qwest nacho mr 25mill chip man nice gold jump out! now you may understand why the service sucks go figure a railw3ay company that builds millions in fiber/backbone......trys to call them a (phone) company, well ma bell once was then came 1984.... and us wet was now a baby bell along with the new at&t! old timers who took pride in there work! only to see what was once a strong union is no more then a local of yes sir no sir people called 7014, and since all the upper mgnt took flyouts. all you have left is newbies who dont have an idea what real telephone work is! and rely on meters that do all there work with little to know understanding! service! why not add another greeddy upperassmanagnt who have no idea but more money! Ouch, that gave me a headache trying to read it. |
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bmn? ? ?Premium,ExMod 2003-06
join:2001-03-15
hiatus | reply to Goober
said by Goober:You're misinterpreting the typically yellow journalistic headline. The minimum bonus number is the minimum amount he will be paid IF bonuses are paid out at all. For example, he may have a target bonus of 100%, but a minimum bonus of 75% and an incentive bonus of %125 That clarifies it. It sounded like he was getting a bonus of $900+k regardless of performance from the wording in the article.
Now, defining the trigger level for bonuses for the guy is a different question for a different day. Indeed...
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GooberPremium
join:2000-12-17
Naperville, IL
kudos:4 | Yeah, the minimum bonus language is a little misleading. |
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