Kudos: Novellus CEO takes a pay cut
 Subscribe to the Three Star Leadership Blog |
| The Working Supervisor's Support Kit is a collection of information and tools to help working supervisors do a better job. It's based on what Wally's learned in over twenty years of supervisory skills training. |
| Request your free copy of Wally's Special Report: Managing Headcount in a Downturn. |
| For weekly tips and resources pointers, check Wally's Three Star Leadership Letter |
| Find out more about having Wally speak to your company or convention. |
| Find out more about Wally's coaching services. |
 |
A lot of CEOs said that everyone at their company was a team until it came time to share the sacrifice during this downturn. Then they turned out to be quite happy to keep all their salary and bonus and perks while they cut the jobs of the admin assistants and factory workers.
An exception is Novellus CEO Richard Hill. The company announced on Tuesday that Hill was taking a fifty percent salary cut in 2099 and giving up all bonuses and options during the year.
The company also announced that they were going to cut 350 positions "through attrition and layoffs." CEOs taking pay cuts won't solve every problem. But they can signal that the CEO really does think you're all in it together.
Wally's Working Supervisor's Support Kit is a collection of information and tools to help working supervisors do a better job. It's based on what Wally's learned in over twenty years of supervisory skills training. Click here to check it out.
Request your free copy of Wally's Special Report: Managing Headcount in a Downturn.
Request your free copy of "Meeting the Challenges of the Boomer Brain Drain: An integrated approach."
Wally Bock has helped people learn to be great bosses for more than a quarter century. His latest book, Performance Talk: The One-on-One Part of Leadership, makes learning key leadership principles almost effortless by teaching through a story and providing lists of resources for further growth.
Click here to find out more about Wally's coaching services.
For weekly tips and resources pointers, check our Wally Bock's Three Star Leadership Letter.
Click here to find out more about having Wally speak to your company or convention.
Wally,
This is one of those tidbits that, at the minimum, offers some sense of sanity and decency during difficult times.
No doubt there will still be critics who will find something wrong with the gesture; I think it should be the norm rather than the exception.
Reply to this
You're right Steve. I've gotten emails (no comments though) from people who think it isn't "enough." If you look for what's wrong, you can always find something. But if you look for something to praise, you can usually find that, too.
Reply to this