VCB vs MPP

Has anyone head about MPP which is offered to selected management, I was told ? It seem that it is an investment program. How could we get it and invest in Galderma ?

Are VCB and LTI the same programmes ?

 

You are going on this board for investment advice? Why don’t you just ask HR benefits person? Max your 401k and invest outside. The pipeline is not doing so well and you would be gambling.
If we were a public company and offered stock options I would pass and look at external opportunities.

 

Galderma has a Long Term Incentive plan??!!

 

I’m curious how often LTI is given out. I haven’t received any during my five year tenure. How often should we be getting LTI with good performance?

 

Never heard of these plans. I’m curious to see the differences, what choices ,if any, we have to make, esp for those with 10+ years at the company.
I don't care about LTI, if given the choice of that vs continuing to fund some retirement above 401k match.
Why? You usually have to wait for LTI for 3 years I think. What if you were laid off or fired, with worthless LTI that you couldn't cash out, because you weren't vested?

 

Spot on. You might never see that. At least you can roll over a 401k. LTI over-rated. Lots can happen in 3 years.

 

Galderma decided to not revisit current bonus targets despite COVID and to restrict the Long Term Incentive Plan (VCB) to less people. This will result in lower cash bonuses for everyone.

All of these changes are made to further reduce costs and protect profit margins. Employees are losing out big time.

 

It’s totally at the discretion of Flemming. Ass kissers get the most, you know it’s all based on “perceptions“ and those are subjective.

 

Who cares??

You actually want to be part of a plan going nowhere? lmao

0 in 1 year is still 0

0 in 3 years is still 0

0 in 5 years is still 0

 

Let's be serious. Let’s look at who’s been hired recently. Flemming is building a specialty/biologic/rare disease company. The other two divisions will be spun off quickly. Ax and Cx are screwed! An acquiring company does not need a back office, they already have one. The new structure will make it easier to get rid of the business without the heavy weight of admin. The management team is required for the transition to ensure value preservation for the acquirer. That’s why they’ve put MPP retention plans in place for a select few. Just accept that most of us are expendable and looked upon as a liability for the acquiring company. Stop believing in the IPO fairytale. Get out now!!!!!

 

We’ve got a CEO who's dysfunctional and -mark my words - who will callously demonstrate his complete lack of integrity. That's a deal breaker, and not something I want to be a part of. Not interested in any new plan.

 

Note received from a HR:
VCB is a kind of LTI for the top 150 employees. You can not touch the annually granted amounts until the company is sold. Then if the value of the company is good enough when it’s sold, you can cash them... 40% chance to cash what was granted...
MPP is an investment plan for ‘the top 25’ employees. You invest your money and cash it with several multiples IF the company value is much more higher than it was bought. 15% chance to receive the dreamed multiplies...
Individuals cannot invest in the company.
Send your related questions to your HR partners.

 

Not gonna happen. You are better of going to Vegas.

 

Who In Their Right Mind Would Invest Their OWN Money In This Company?

 

Nobody with any sense.

 

Flemming’s direct reports and 4 people brought to the company by Thomas and/or Flemming...

 

Our GMs received the investment option too.

 

Yeahh. No one accepted!
The people at the top make lucrative money while the ones at the bottom don't. The difference is that unlike traditional pyramid schemes there is no admission fee to join.

No matter what the plan - it’s a scam now. No one believes in Galderma anymore.

 

The most recent comments here are from mid 2020....either all have left the company by now or things improved dramatically....what is the current situation ?