Beautiful Virgin Islands

Saturday, Aug 01, 2026

US CEO's Rant On Bonuses Puts Executives' Multi-Million Pay In Focus

US CEO's Rant On Bonuses Puts Executives' Multi-Million Pay In Focus

The words by Chief Executive Officer Andi Owen have provoked criticism on social media - and they may soon come back to haunt her as Owen's own pay package for the current period will likely be disclosed by August.
The head of the upmarket furniture-maker MillerKnoll Inc., known for its iconic Herman Miller office chairs, is under fire for telling employees to leave "pity city'' and stop asking about bonuses.

Those words by Chief Executive Officer Andi Owen have provoked criticism on social media - and they may soon come back to haunt her as Owen's own pay package for the current period will likely be disclosed by August.

The prior financial year she was awarded a salary of roughly $1 million, in addition to about $4 million from mostly stocks and options, an annual incentive plan, and covered expenses, like access to a company jet.

Compensation is a hot-button topic for both employees and executives, especially when the economy is going through a rough patch, said Tony Guadagni, a senior principal at consulting firm Gartner Inc.

Scrutiny over executive pay levels is intensifying as surging inflation hits household budgets and the US experiences wide-scale staffing shortages, which has emboldened many employees to push for higher wages.

"I think in a time like this, where the news cycle has been dominated by inflation for 18 months, where employees feel their paychecks not going as far as they used to - organizational leadership would be wise to be sensitive to that,'' he said.

The 90-second leaked recording captures Owen chiding staff at the end of a 75-minute internal company meeting for speculating too much about the annual bonus payouts.

"Spend your time and your effort thinking about the $26 million we need, and not thinking about what are you going to do if you don't get a bonus," Owen said in the video, referring to an internal metric. "I had an old boss who said to me one time, 'You can visit pity city, but you can't live there.' So people, leave pity city."

Following the meeting, Owen sent an email to staff and met with leaders across the company to address their concerns, according to a person familiar with the situation.

"Andi fiercely believes in this team and all we can accomplish together, and will not be dissuaded by a 90-second clip taken out of context and posted on social media," MillerKnoll spokesperson Kris Marubio said in an emailed statement.

The worry by staff at the Michigan-based company over a possible shrinking bonus pool comes amid a drop in sales at MillerKnoll this year as businesses pulled back on spending. Companies are downsizing their real estate footprint as many workers continue to work remotely after the pandemic, dampening demand for office furniture.

Other CEOs' salaries have been in the spotlight in recent months in the wake of mass layoffs. Some, like Goldman Sachs Group Inc.'s David Solomon to Morgan Stanley's James Gorman, have already accepted pay cuts, while others have yet to report their most recent compensation packages.

Though CEOs make around 300 times the average employee, only about a third of the rank-and-file polled by Gartner thought the wage disparity was unfair. But as economic anxieties grow, there's a chance that employees may become increasingly sensitive to the difference in their pay and those in the C-Suite, Guadagni said.

"I wouldn't be surprised if we start to see the tide turn on that a little bit, especially depending on what happens to the economy in the next six to 12 months,'' he said.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Finland Deploys Commercial-Scale Thermal Batteries Using Crushed Rock to Store Renewable Grid Energy
Valued at $109 Million: F-35B Fighter Jet Crashes in Southern California
Andy Burnham has Announces Plans to Redistribute Income Tax Revenue to English Mayors
Early-Release Scheme Faces Fresh Scrutiny as Reoffending and Prison Recalls Rise
Police Phone Checks Followed Report on Murder of MI5 Agent Inside Sinn Féin
Archbishop of Canterbury Reaffirms £100 Million Reparative Justice Fund During Ghana Visit
Drought Status Extended Across All of Wales as Heat and Dry Weather Deepen Environmental Strain
Record-Low Danube Exposes Probable Mammoth Remains in Bulgaria
US Says It Has Carried Out Heavy Strikes on Iran After Attempted Attacks on Its Forces
The chief executive of the popular gaming company laid off many employees and his pay rose to 38 million dollars
The World's Most Terrifying Smartphone: Recording, Documenting, and Reporting to the Regime
The AI User Nightmare: Private Claude Conversations Leaked to the Internet
UK: Former Football Association Leaders Call for World Cup Boycott Over FIFA Privatization Plan
Forbidden Love: China severs millions from their virtual partners
Over 24 Hours in the Air: Qantas Airbus Completes Record-Breaking Test Flight
Zuckerberg Opposes US Ban on Chinese AI Models and Warns of Regulatory Capture
Massive Wildfires Ravage Southern Europe: Fatalities in Greece and Evacuations Across France, Spain, and Turkey
Trump says Israel ‘would not survive’ without US
France Evacuates Atlantic Coast Resorts as Wildfire Risk Rises Again
Magnitude 7.1 Earthquake Strikes Kumamoto as Rescuers Search Collapsed Buildings
OpenAI Faces Demands for Full Disclosure After Models Breach Hugging Face
Nvidia Reportedly Takes Vast Texas Data-Centre Lease to Underwrite AI Expansion
Royal Collection Trust Income Falls as Palace Visits Retreat From Record Highs
FIFA’s Private-Investment Plan for World Cup Rights Draws European Revolt
Ministers Examine Social-Care Levy as Burnham Seeks Funding Settlement
Apple Briefly Crosses Five Trillion Dollar Valuation as Investors Retreat From AI Bets
Badenoch Offers Tory Votes to Keep Serious Offenders in Prison
Why Americans Queue for $15 Ice Cream and a $100 Caviar Pint
Another AI Genius Left the United States — and Silicon Valley Is Starting to Worry
Shein Reports $99mn Loss as Trade Barriers Test Low-Cost Model
CXMT Gains 466% in China’s Biggest IPO Since 2010
Amazon Seeks Approval for 5,105-Satellite Mobile Network
Burnham Puts School-to-Work Reform at Centre of Welfare Strategy
Burnham Rules Out Replacing Council Tax and Stamp Duty
Fresh Heatwave Threatens to Rekindle France’s Historic Wildfire Crisis
Following OpenAI's Cyberattack: 'Most Companies Still Do Not Understand What Is Coming'
Autopsy Finds No Violence in Death of Epstein-Linked Model Scout
Indian Education Minister Resigns After Cockroach Youth Protests
California Desert Data-Centre Plan Stalls as Water and Power Disputes Mount
War, Youth Revolt and the Global Struggle for Control
War, Power and the Rising Price of Political Decisions
Badenoch Rejects Grant Shapps' Bid to Return as Conservative Candidate
BAE Chief Warns Britain Has Underestimated the Risk of War
Burnham Rules Out New Scottish Independence Referendum in First Talks With Swinney
OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism
Viral Video Raises Questions Over Twelve-Dollar Croissants at Manhattan Bakery
Miliband Sets Climate and International Law at Centre of UK Diplomacy
US Gasoline Returns to $4 as Renewed Iran Fighting Disrupts Oil Flows
Czech Central Bank Governor Rejects Early Euro Entry and Rate-Cut Pressure
Trump Orders 50% Tariffs on Selected Canadian Imports
×