InsideFood Message Board
Sign up Calendar
 
 
 


Reply
  Author   Comment   Page 2 of 2      Prev   1   2
Junecarter1427

Junior Member
Registered:
Posts: 10
Reply with quote  #17 
“Asking stupid questions”........yep, pretty much!
__________________
Junecarter1427
0
cabbage peddler

Junior Member
Registered:
Posts: 15
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 ...





0
FSVET

Avatar / Picture

FS God....FIRST InsideFood Poster
Registered:
Posts: 815
Reply with quote  #19 
Cabbage, I clicked on the link for Pietro's other board memberships, but got Bloomberg stocks.
__________________
The problem with your gene pool, is that there is no lifeguard.
0
laser

Senior Member
Registered:
Posts: 141
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.
__________________
laser
0
Investigator

Avatar / Picture

Prophet/Sage
Registered:
Posts: 1,308
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. 
0
cabbage peddler

Junior Member
Registered:
Posts: 15
Reply with quote  #22 
Food Service Vet & Investigator   ... whats your point ?

0
broadliner

Avatar / Picture

Senior Member III
Registered:
Posts: 745
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?
0
sc7687

Newbie
Registered:
Posts: 3
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



0
cabbage peddler

Junior Member
Registered:
Posts: 15
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
0
cabbage peddler

Junior Member
Registered:
Posts: 15
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.
0
SoCalFoodDude

Avatar / Picture

Senior Member II
Registered:
Posts: 463
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



0
cabbage peddler

Junior Member
Registered:
Posts: 15
Reply with quote  #28 
SoCalFoodGuy ... nothing but typical Corporate America, the guys at the top are soooo far removed from from the street and busy justifying themselves and ALL the layers they have added up at the corporate level, then they wonder why the bottom line margins are getting smaller and smaller, ... too many layers at the top with inflated salaries of $750k - $1mil, these are the guys that are getting double digit yearly raises meanwhile they all of sudden have to save money at the bottom line, so they slash folks down at the division/distribution centers; yeah tell each distribution center that they can only have so many DSMs, so many buyers, so many business DEVELOPMENT managers, etc ... so yeah, lets slash a buyer's position that maybe makes $70k-$80k per year, and give his/her duties to another buyer, who is already probably either in over his/her head, less experienced, or struggling at the position/over worked, but let's keep all the layers such as regional VP's, regional presidents, the Executive VP of NOTHING, and a bunch of corporate guys all trying to justify their jobs if that's going to really help the bottom line, slashing the busy bee working their asses off making the $70k vs. slashing some of these corporate folks ... when is corporate office going to analyze their executive staff and start laying off there ...lets' see, layoff 1 Executive VP of Nothing making $500k - $750k/year, and save 8-10 worker bees ... hmmm, makes sen$e to me ...
the other reason margins are declining, is (1) some rocket scientist decided to "start" buying business, regardless of who started it, whether it was USF, Sysco, Gordon's whoever, regardless who started, is has caused a slippery slope, ... the company never really "earns" the business, they buy it, and because of that, no relationship is really formed and thus no loyalty; then the upper mgmt has a fit because sales dollars are up, yet margin is down so "we need add more margin", let's increase the pad, who cares if the rep makes less ... why not spend more time teaching HOW TO SELL for profit, how to sell quality, and doing true can cuttings, no that takes too much time, plus now some reps aren't allowed to carry products in their cars, so let's just teach these new reps on how to sell below cost to move more cases ... vicious cycle that has been formed by the corporate boys, the ones who have forgotten how to earn customers, selling is science, selling is a relationship business, ... 

0
Previous Topic | Next Topic
Print
Reply

Easily create a Forum Website with Website Toolbox.