The MillerKnoll Contact Page has a box that will fit 2500 characters. I unfortunately had to cut quite a bit of the original post for it to fit, but I tried to maintain the message and math. Here is a summary of the original text at 2,200 characters. Do with it what you will.
https://www.millerknoll.com/contact-us
Your company was $26 million dollars short of a
goal that would trigger a minimum bonus payout. You were paid a base salary of
$1.1 million dollars. According to salary.com you got just south of $1.3
million as a bonus. $867K in stock option, $1.4 million in company stock, and
$336K in other compensation. This is just south of $5 million dollars for one
year of employment.
You say your message landed wrong. It didn't
land wrong. It was condescending and insulting. Your workers can't leave Pity
City because they can't even pay to live there.
Bonuses for the other executives
368K
1.4 million
330K
369K
Your ceo to employee pay ratio is 111:1. That
means for every dollar an employee received, you received 111.
You've been CEO for 22 months, so roughly back
in June 2021. The stock price for the week of June 21, 2021 was a high of
48.28, slightly lower than the 49.73 it was on Jun 4th and one of the highest
valuations of all time for the company. Today it sits at 17.24. The price and
valuation under your leadership has consistently gone down.
MillerKnoll employs roughly 11,000 people.
Let's do some math.
Your bonus alone would allow the company to
give a bonus of 118 dollars. Every single employee, regardless of what they do
or what they contributed. No matter if they were on a PIP or they were a
rockstar and met all their metrics.
There were four other executives that got a
bonus, so quick math for them plus yours. 3.767 million divided by 11,000
employees. That comes out to 342 dollars per employee. This isn't
groundbreaking money, but it's insulting when we see five people got damn near
four million dollars.
It boggles my mind what metric was used to
calculate your bonus. You took a company and have pretty much flushed it in the
toilet under your leadership. How many other areas of the company are top
heavy? This isn't even two years in. Just shy of two years and the value is
LESS than 50% of what it was when you started?
If the rank and file didn't qualify for a
bonus, then "Get the damn 26 million" and give up the three million
at the top. To quote, "Let’s get it done". You also say you will
continue to do everything to help us meet our shared goals. Will you give up
that money, in order to meet the shared goals? Everyone knows you won't.