Retirement Letter

Good point - company has not made one statement about how they are going to spend the corporate tax cut. Many other companies have offered their employees bonuses and raises. My guess is Novo just plows it into the stock so that their executives get richer.

 

This is what Fake News is saying. I'm all in with Novo. They will take care of me and my family!

The bonuses are one-time payouts, not the permanent pay raises that Trump and congressional Republicans have said will eventually result from the corporate tax cuts. Over time, bonuses are far less valuable to employees than wage increases.

 

Here's a thought: Instead of bitching about it anonymously here at CP, grow a real pair of balls and send an email to Lars Jorgenson asking him if Novo would consider giving it's employees a bonus and pay raise due tax reform?

 

I don't want a handout. I'll keep working hard daily and Novo will do the right thing.

 

Provided it's done properly and respectfully, I doubt a Novo employee would be fired for doing it. It's a fair question.

 

Every time they do another thing like this it's one more cut. And yet I keep getting surprised they are screwing us over. Again. I think many of us are waiting for an opportunity to jump.

Whats next, adding some additional vesting years for LTI payout? Or maybe lower bonuses? Increase our car payment? Take money out of our checks to cover the cost of our sample coolers? When you dont care about your people its all on the table right?

 

Yup, exactly.

Also, to the guy who said we should ask Lars, you really believe he’s going to answer? Every single one of these “round tables” and “town halls” inevitably ends with answers that sound more like a politician’s response than a coworker. I long ago burned out on asking the tough questions...bitching on CP is my one little cathartic break from the motononous march on into benefit cuts and rapidly evaporating job satisfaction.

 

I sent an email to my CEO and he did in fact answer it. I knew what his response would be before I sent it, but I what I really wanted to know was if I'd get an answer. Surprisingly I did.

Lars will answer yours...he's got to out of common courtesy. Just know ahead of time that you won't get the answer everyone is hoping for. BTW - my spouse is the NNI employee. They're entertaining the idea of sending an email to Jorgenson because of the results I got.

Unfortunately for you, we wont be sharing any response we might receive here.

 

Here I'll make it simple for you guys;

Mr. Jorgenson,
Due to the recent signing of U.S. tax reform legislation into law by President Trump, would Novo Nordisk be willing to consider bonuses and pay raises for it's employees as 160 other company's have already done? Thank you for taking the time to read this email. Here's to a very prosperous and profitable 2018 for NNI.

Do a cut and paste and fire it off to him. The "160 other company's" I put in my question isn't something I pulled out of thin air. CNBC is tracking the number of companies that have announced bonuses and pay raises specificly because of tax reform, and today it was mentioned on air that the list now has 160 companies on it. It's a very fair question, posed in a very respectful manner. If Lars has an ounce of class, (and I think he does) he'll answer it.

 

Lol GFY,

Signed,
LJ

 

LMFAO!

 

The response I got from my CEO was what I expected (he said there wont be any bonuses) but not for the reason I anticipated.

My employer (a Fortune 100 company) has been paying an effective federal tax rate of 11% for quite a few years. Due to that, the company wont benefit from a tax windfall due to tax reform. They make money all over the world, and they keep the money they make in overseas bank accounts where The IRS cant tax it because that money was not made in The USA.

Some shit, huh? I always thought that the wealthy and big corporations paid more because they make more. But I guess not. It really sucks that I was in a 30% tax bracket on my pittance of a salary while my employer was paying 11%.

 

at the end of the day, its just another slap in the face to the employees who continue to stick it out through Novos bs but hey ... we should be thankful to have a job right ...

 

You're an idiot. You've been shown how to legitimately go about asking Lars Jorgenson for a raise and/or bonus because of the new tax law, and all you can do is fuck around on CafePharma.

Somebody should at least send an email to Doug Lanza and let him push it up the chain of command.

 

Corporations are people too. Be lucky you have a job.

 

I am so sick of this response. Be lucky you have a job is becoming so tired....

 

You send very entitled like you deserve a paycheck.

 

You sound like you need to go back to elementary school and learn to spell.

 

FYI: the 401h is not the notional account, learn about your benefits. The notional accounts refer to frozen accounts created for employees years ago when they started f-ing with the retirement plan. I was a 2007 hire and have approx $80,000 between my wife and I...however, it never grows (as it is not actually money invested) and you need to wait until 55 (wait...scratch that....60) to utilize it to pay for health insurance costs. Bogus benefit from the get-go for anyone not close to that age....

 

Bottom line is it’s just another perk that has been changed for the second time. Meaning they don’t have to honor any perks we have and at any moment they can change them and we have absolutely no voice in the matter. Current employees should of been grandfathered in and new employees participate in the new must be 60 to retire plan.