This is an annual bonus paid every yr at this time. Part of their regular comp

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Mar 12, 2023
10:02:37am

Tare All-American

This is an annual bonus paid every yr at this time. Part of their regular comp

Structure. Maybe bad timing but nothing nefarious. Conspiracy crowd gonna do their thing though.

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Tare

Previous username: Texas Hold'em
Bio page: Tare
Joined: Aug 8, 2002
Last login: May 6, 2024
Total posts: 20,120 (555 FO)

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Messages

Author

Time

SVB…so shady

Borg

3/12/23 9:57am

They’ll most likely be clawed back

3/12/23 9:58am

Executive bonuses maybe. Rank and file employees, not so much

LaserCoug

3/12/23 10:25am

Someone said the bonuses were paid at the same time last year

3/12/23 10:00am

If its anything like my employer, bonuses take about a month between when they're announced and when they're paid

HuskerFan2

3/12/23 10:05am

Even well in advance the players knew the Yewt was hitting the fan

kotacoug

3/12/23 11:14am

March is a pretty common time for bonuses

novacoug1

3/12/23 11:15am

This is an annual bonus paid every yr at this time. Part of their regular comp

Tare

3/12/23 10:02am

Agree on bonuses. Need more info on stock selling

johnnybyu

3/12/23 10:04am

Agree but $5M isn’t much. Guessing it was part of a sales plan.

3/12/23 10:14am

Right which is why we need more information like how often this happens

johnnybyu

3/12/23 10:16am

Context matters.

Ron Mexico

3/12/23 10:09am

Not to folks with an axe to grind.

NorCal_Coug

3/12/23 10:17am

Failing companies shouldn't be paying bonuses, regular timing or not.

Grit for Brains

3/12/23 10:13am

What if it’s your company and you had no idea of default or failure?

Ron Mexico

3/12/23 10:16am

That depends on how the bonus program is set up

CBaass

3/12/23 10:16am

Bad timing? Lol! They knew they were going down yet they give out bonuses? Come

Jdoc

3/12/23 10:14am

This is a company with over 6000 employees. Do you know how payroll works for a

Tare

3/12/23 10:27am

I think the CFO and CEO have a responsibility to cancel said bonuses

Borg

3/12/23 10:33am

You don’t mess with earned employee payroll

Ron Mexico

3/12/23 10:37am

Payroll yes. Bonuses are not mandatory…it’s a “bonus “

Borg

3/12/23 10:47am

If it’s earned and in writing

Ron Mexico

3/12/23 10:51am

I just told you, I’ve had two companies pull them off because of a down year

Borg

3/12/23 11:36am

Almost all bonuses have an out clause. Just signed Retention bonus paperwork

LaserCoug

3/12/23 12:09pm

Does that absolve them of any accountability?

RockyBalboa

3/12/23 10:36am

💯% this.

gopman

3/12/23 1:09pm

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