* Roman, 63, has received a staggering $19.3 million boost to his company pension (and other nonqualified deferred compensation plans) in recent years, according to statements filed to the Securities and Exchange Commission. This includes a $3 million gain in 2021, $7.7 million in 2020, $5.6 million in 2019 and $3 million in 2018.
* If you had invested $10,000 in 3M on the day Roman took over, then held onto the stock and reinvested all dividends, today you would be sitting on about $7,000
Some people like to claim that CEOs work infinitely harder and smarter then everyone else but this guy crates 3M stock over 45% and takes away employees pension to pay for his own.
Like how the fk do you lose so bad in consumer staples? 3M is a household name in homes and commercial setting, its like Apple of consumer staple. Yet this guy knows how to gut the company for his own gain.
Paywall. I found this in another article:
> 3M (NYSE: MMM) announced that it will freeze its U.S. pension plans for non-union U.S. employees, effective Dec. 31, 2028. Pension-eligible employees will continue to accrue benefits under the pension plans until the freeze date
So what’s happening? It sounds like currently only managers and non-union employees are getting their pensions for frozen? For union employees, how long do they get to keep their pension? What is the conversion process like?
Too bad for regular employees. BE HAPPY YOU HAVE A JOB. Level of work knowledge. , you’re indispensable … first to be fired. So regular employees DO NOT DESERVE company pension. Too bad
3 comments
* Roman, 63, has received a staggering $19.3 million boost to his company pension (and other nonqualified deferred compensation plans) in recent years, according to statements filed to the Securities and Exchange Commission. This includes a $3 million gain in 2021, $7.7 million in 2020, $5.6 million in 2019 and $3 million in 2018.
* If you had invested $10,000 in 3M on the day Roman took over, then held onto the stock and reinvested all dividends, today you would be sitting on about $7,000
Some people like to claim that CEOs work infinitely harder and smarter then everyone else but this guy crates 3M stock over 45% and takes away employees pension to pay for his own.
Like how the fk do you lose so bad in consumer staples? 3M is a household name in homes and commercial setting, its like Apple of consumer staple. Yet this guy knows how to gut the company for his own gain.
Paywall. I found this in another article:
> 3M (NYSE: MMM) announced that it will freeze its U.S. pension plans for non-union U.S. employees, effective Dec. 31, 2028. Pension-eligible employees will continue to accrue benefits under the pension plans until the freeze date
So what’s happening? It sounds like currently only managers and non-union employees are getting their pensions for frozen? For union employees, how long do they get to keep their pension? What is the conversion process like?
Too bad for regular employees. BE HAPPY YOU HAVE A JOB. Level of work knowledge. , you’re indispensable … first to be fired. So regular employees DO NOT DESERVE company pension. Too bad