Most leaders are unable to build trust with their workforce
Pros
- Quality co-workers. - Some job security for above average performers, but not much. - Core values to the extend they truly believe in them. - Good Vacation package.
Cons
- Massive layoffs announced through emails with a picture of the CEO smiling included on the email announcement. - Lack of opportunity for career advancement, massive layoffs have left very competitive candidates with very few job advancement opportunities. - More layoffs are coming after the merger with Dow which is supposed to be completed by October 2016. - Salary freezes for 2016 and no bonuses in 2016 while CEO could earn $27 million in cash, stock and tax reimbursement payments in 2017 after the newly combined entity, dubbed DowDuPont, is broken up. Executive Vice President for DuPont's Agriculture division, James C. Collins' "golden parachute" could total as much as $16.5 million and C. Marc Doyle, executive vice president of several DuPont business lines, could earn as much as $13.7 million if he leaves. - Mood is depressing at the Chestnut Run Plaza headquarters. Sometimes hours go by without people talking to each other. - Information explaining why some major decisions are made take a long time to trickle down to employees creating more lack of trust with leadership.
