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Millerknoll

All articles tagged with #millerknoll

business2 years ago

"Stock Market Movers: Delta, PepsiCo, and More Pre-market Highlights"

Delta Air Lines saw a 4% jump in premarket trading after reporting its highest-ever quarterly earnings and revenue, along with raising its 2023 earnings forecast. Furniture company MillerKnoll fell over 5% despite beating earnings expectations. PepsiCo rose 2% after beating earnings and revenue expectations and raising its full-year outlook. Walt Disney Company's shares increased by 1.5% following the extension of CEO Bob Iger's contract through 2026. ViaSat's stock tumbled over 22% after disclosing an issue with its recently launched communications satellite.

via CNBC|
#business#delta-air-lines#millerknoll
business2 years ago

MillerKnoll CEO Faces Backlash for 'Pity City' Rant and Threats to Fire Workers

Furniture maker MillerKnoll allegedly threatened to fire employees for speaking to the media about CEO Andi Owen's Zoom rant against workers for complaining about bonuses. Employees claim they have been given a gag order. Owen rebuked the rank and file for wallowing in "pity city" over their lack of bonuses, despite her receiving almost $5 million in total compensation last year. MillerKnoll insists the clip was taken out of context and that no such threat was made.

via New York Post |
#bonuses#business#ceo
business2 years ago

MillerKnoll CEO under fire for controversial comments and employee treatment.

The CEO of MillerKnoll, Andi Owen, has apologized after a video clip of her comments about employee bonuses during a Zoom call went viral. In the clip, Owen appeared to tell employees to "leave Pity City" and focus on the $26 million needed to hit a corporate financial goal. The comments were criticized online as tone-deaf and insensitive. MillerKnoll has said the clip was taken out of context and that bonuses for this year have not been determined yet. Owen apologized to employees via email, saying she hoped her comments would serve as a "rallying cry."

via USA TODAY|
#apology#backlash#business
business2 years ago

MillerKnoll CEO under fire for discouraging bonus inquiries and promoting 'Pity City' mentality.

MillerKnoll CEO Andi Owen faced backlash after telling employees not to worry about bonuses during a Zoom call, saying they should focus on the company's financial goals instead. A clip of the call went viral on social media, with many criticizing Owen's comments given her base pay and performance-based bonus. The company said bonuses for this year haven't been decided for anyone at the company. MillerKnoll designs and sells office and home furniture and considers itself the "world's largest and most influential collectives of modern design brands."

via Fox Business|
#backlash#bonuses#business
business2 years ago

MillerKnoll CEO faces backlash over "Leave Pity City" comment and bonus controversy.

Andi Owen, CEO of MillerKnoll, faced backlash after telling employees to "leave Pity City" in response to questions about bonuses during an online meeting. Some social media users criticized her remarks as "unhinged" and "toxic." Owen received a compensation package of $5 million last year, while the median total pay of MillerKnoll employees is around $45,000. The company has not yet decided on bonuses, and sales have dipped amid a slower economy and reduced demand for expensive office furniture.

via CBS News|
#backlash#bonuses#business
business2 years ago

MillerKnoll CEO Faces Backlash for Bonus Dispute and 'Leave Pity City' Comments

An anonymous MillerKnoll employee claims that the company threatened termination for speaking out about controversial comments made by the CEO regarding employee bonuses. The CEO, Andi Owen, received backlash after a video of her telling employees to focus on earning the company $26 million instead of worrying about their bonuses went viral. MillerKnoll denies the termination threat and says that bonuses for this year have not been determined yet. The employee argues that the CEO's $3.9 million incentive-based compensation is unfair compared to the sliver of a bonus that employees making $45,000 a year might receive.

via HollandSentinel.com|
#business#ceo#controversy
business2 years ago

MillerKnoll CEO Andi Owen Faces Backlash for "Leave Pity City" Video and Seven-Figure Pay

MillerKnoll CEO Andi Owen faced backlash on social media after telling employees to stop asking about the possibility of losing their bonuses and instead focus on meeting the company's financial performance target. The leaked comments have sparked debate about workplace attitudes in the face of greater economic uncertainty and whether CEOs are out of touch with their staffs. The company's fiscal year ends in May, which is when bonus amounts are determined. Owen made nearly $4 million in bonuses in 2022.

via NPR|
#bonuses#business#ceo
business2 years ago

MillerKnoll CEO Tells Bonus-Less Employees to "Leave Pity City"

MillerKnoll CEO Andi Owen faced backlash after telling employees worried about not receiving bonuses to "leave pity city" and focus on the company's $26 million goal instead. The remarks were made in an online meeting and have since gone viral on social media. The company has not yet determined employee bonuses, and Owen received $3.9 million in incentive pay last year on top of her $1.1 million fixed salary.

via MLive.com|
#bonuses#business#ceo
business2 years ago

MillerKnoll CEO faces backlash for 'pity city' comments on employee bonuses.

MillerKnoll CEO Andi Owen scolded employees for complaining about not receiving bonuses, despite receiving $1.2 million in bonuses last year as part of a nearly $5 million pay package. Owen urged employees to focus on what they can control and not dwell on the lack of bonuses. She also asked them to focus on generating $26 million in business instead. The leaked Zoom call drew backlash on social media, with many criticizing Owen's message and compensation.

via New York Post |
#bonuses#business#ceo
business2 years ago

MillerKnoll CEO faces backlash for telling employees to "Leave Pity City" over bonus concerns

Andi Owen, CEO of MillerKnoll, faced backlash after telling employees to "Leave Pity City" in response to questions about the lack of company bonuses. Owen received a compensation package of $5 million last year, while the average pay package for a sales executive at the company is $150,000. MillerKnoll's sales and orders have declined due to a slower economy and higher borrowing costs. Owen urged workers to focus on hitting the company's financial goals instead of asking about bonuses.

via CBS News|
#andi-owen#business#employee-bonuses
business2 years ago

"MillerKnoll CEO Urges Employees to Abandon Bonus Pity and Focus on $26 Million"

MillerKnoll CEO Andi Owen was recorded telling staff to stop asking about bonuses and focus on hitting the $26 million sales target before the end of May. The video clip went viral on social media, with many criticizing Owen's response to employee concerns. While the company has not yet determined employee bonuses, the edited clip suggests that workers have reason to worry. Owen, who receives the bulk of her pay in incentive-based compensation, urged her workforce to "lead by example" and "leave Pity City".

via Fortune|
#bonuses#business#ceo
business2 years ago

CEO's Town Hall Backfires as Video of Berating Employees Goes Viral

MillerKnoll CEO Andi Owen's comments during a company town hall, where she told employees to stop worrying about their bonuses, has sparked outrage on social media. The video clip of her comments has gone viral, leading to criticism of the CEO's leadership and concern about employee morale. MillerKnoll owns office furniture brands, including Herman Miller and Knoll.

via Barron's|
#business#ceo#employee-morale