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Junecarter1427

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Reply with quote  #17 
“Asking stupid questions”........yep, pretty much!
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cabbage peddler

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Reply with quote  #18 
July 1 is coming ... depending on which distributor you work for, this could mean the beginning of the end ... 
 
At USF new pay structure -- 

At Sysco - it's their new fiscal year -- During June/July is when they announce more PepsiCo "Yes-Boys" coming over from Pepsico or more promotions of former PepsiCo staff to key leadership roles after only being with Sysco for 1-2 years, meanwhile those who have been at Sysco , for 10, 15, 20+ years are overlooked and or their positions are eliminated ... then the same or similar position is announced, different title and guess what, surprise surprise, another PepsiCo person brought on board... hmmmm ...

Well the Pepsi-Sysco (PepSysco) Grim Reaper has already started slashing jobs and eliminating positions ... supposedly needing to make the bottom line better ... maybe instead of cutting off the Worker Bees that do all the work, start trimming the fat off the top ... The Top Dogs keep getting 10-15% raises, more bonuses 

Name/TitleTotal CashEquityOtherTotal Compensation
William J. DeLaney
Chief Executive Officer
$6,571,094$8,152,856$319,560$15,043,510
Thomas L. Bené
President and Chief Operating Officer
$2,695,332$3,010,252$114,341$5,819,925
Russell T. Libby
Executive Vice President, Administration and Corporate Secretary
$1,893,534$1,806,172$206,528$3,906,234
Joel T. Grade
Executive Vice President and Chief Financial Officer
$1,712,500$2,195,000$270,797$4,178,297
Wayne R. Shurts
Executive Vice President and Chief Technology Officer
$2,099,055$2,038,198$79,500$4,216,753



Executive Profile*

Pietro Satriano

Chairman, CEO & President,US Foods Holding Corp.
 
AgeTotal Calculated CompensationThis person is connected to 12 board members in 2 different organizations across 5 different industries.

See Board Relationships
55$8,104,519


WOW, $  ... Amazing, now former CEO Billy Delaney can make $15 million, had a base salary of around $1.2 million and bonus of $9 million +, yet can have the tabockle of SAP, the failed "merger" of USF/Sysco, and other mishaps yet still bonuses out and yet others are getting slashed. 

Hey Folks, Welcome to CORPORATE AMERICA -- the Rich get Richer and the rest work harder for less ...





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FSVET

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Reply with quote  #19 
Cabbage, I clicked on the link for Pietro's other board memberships, but got Bloomberg stocks.
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laser

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Reply with quote  #20 
Where DeLaney really made out last year was that he cashed in options for better than $20,000,000 cash last fall just before he retired.
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Reply with quote  #21 
And remember this is a "low margin" business, and that's why they need to "pad" the product price otherwise they'd go broke. 
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cabbage peddler

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Reply with quote  #22 
Food Service Vet & Investigator   ... whats your point ?

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broadliner

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Reply with quote  #23 
What's the current count of TMs who have left La Mirada, Corona and San Diego? Will there be anybody with more than five years seniority left after July 1st?
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sc7687

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Reply with quote  #24 
I cant wait to see the numbers with all the People leaving and taking the accounts with them

Next quarter's  numbers will be followed with a shift from  a buy to a strong sell....

Too many other companys with a culture that values there employes



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cabbage peddler

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Reply with quote  #25 
Agreed ...
Sysco will keep "laying off" the folks that made the company great, then other good people will see the light and leave for the other smaller companies that value good people, all that will be left at Sysco will be the Pepsi Elete, a few spineless YES men, and gulable young MAs / Acct reps on a salary thinking everything is hunky-Dorie ... granted, it may be 5+ yrs down the road, but according to ole Tommy boy Bene's interview Sysco is going to have to cut 25% of its labor
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cabbage peddler

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Reply with quote  #26 
https://finance.yahoo.com/news/sysco-gains-18-u-foodservice-143002488.html


 Driven by these strategies, Sysco expects gross profit to rise in a band of 55% to 65%, while it anticipates reducing administrative expenses by 20-25% by 2020. Earnings per share is envisioned to grow at a double-digit rate on an average, by 2020.
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SoCalFoodDude

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Reply with quote  #27 
Idiots in division, regional and corporate management have forgotten that this is a relationship business. They seem to think that they can send in some rookie to handle an account that another rep had for 10 or more years.

There are a lot of strong independents out there who value their reps and pay good commissions. They will welcome USF and Sysco reps with open arms. Customers will be thrilled to have their regular rep along with better prices, more realistic delivery times, and less hard-selling of useless crap like Scoop and VAS (or whatever the Sysco equivalents are).

Quote:
Originally Posted by sc7687
I cant wait to see the numbers with all the People leaving and taking the accounts with them

Next quarter's  numbers will be followed with a shift from  a buy to a strong sell....

Too many other companys with a culture that values there employes



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