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Walgreen Co. Message Board

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  • cmxgen cmxgen Oct 7, 2011 4:02 PM Flag

    Begin the re-wire of the re-wire..

    what was the raise?

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    • Since the re-wire it has been 1 to 2% average with less than 1% to zero not uncommon for lower management to non-management.
      For mid-range management, minimal, but minimal increase on a $150 - 200,000 base is still 20 times greater than the rest of the employees. For upper level executives, just check out the proxy material from one year to the next. Pay particular attention to the change in equity comp benefits and cash bonus. The Executives defintiely take care of themselves and after a few years of underwater stock options, changed to restricted stock units, which have no downside. The cash bonus remains consistent even in poor performance years. Interesting that a tough economy results is tightening up everywhere BUT the executive offices, which have prospered. (and please, no replies about how "hard" these executives have worked to eek out the numbers, everyone knows it was primarily a result of squeezing the store labor.) Austerity is not success, it is survival and a desparate measure. Why should it be rewarded?

      • 1 Reply to dbl_dbl_agnt
      • This is the case for every company.

        I feel sorry for those guys at the bottom or mid level management who have to do all the work. Maybe the esrx situation will be a humbling experience.

        I didn't know about the restrictive stock units, makes me think executive mgmt can't retain high quality talent or has no confidence in wag stock price.

        When things get bad, mgmt will come after employee bonus. Current situation is probably not all that bad.

        Any word on corporate layoffs.

 
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