All parts of compensation are discretionary. Bonuses are based on what the CEO decides they should be every year. this year he decided bonuses and salaries should remain flat. Expect 5-10% for a bonus even if you are higher level management. actual performance does not really matter for bonuses. Stock compensation is discretionary and only for directors and above. 401k match is discretionary. Salaries are below what other oil and gas companies are paying. This is crazy in one of the hottest job markets in the country. And it is not like other aspects of the company make up for the low pay.
Blackstone acquired Tallgrass in March for billions. The cash came from debt and Saudi Arabia, and both will require cash out of the company for repayment. I think we all know what will happen to discretionary compensation this year. Blackstone is prohibited from laying off people until spring 2020, but this is not a place to work until after the dust settles and the company gets serious about employee compensation.