London Daily

Focus on the big picture.
Tuesday, Jun 23, 2026

US CEO's Rant On Bonuses Puts Executives' Multi-Million Pay In Focus

US CEO's Rant On Bonuses Puts Executives' Multi-Million Pay In Focus

The words by Chief Executive Officer Andi Owen have provoked criticism on social media - and they may soon come back to haunt her as Owen's own pay package for the current period will likely be disclosed by August.
The head of the upmarket furniture-maker MillerKnoll Inc., known for its iconic Herman Miller office chairs, is under fire for telling employees to leave "pity city'' and stop asking about bonuses.

Those words by Chief Executive Officer Andi Owen have provoked criticism on social media - and they may soon come back to haunt her as Owen's own pay package for the current period will likely be disclosed by August.

The prior financial year she was awarded a salary of roughly $1 million, in addition to about $4 million from mostly stocks and options, an annual incentive plan, and covered expenses, like access to a company jet.

Compensation is a hot-button topic for both employees and executives, especially when the economy is going through a rough patch, said Tony Guadagni, a senior principal at consulting firm Gartner Inc.

Scrutiny over executive pay levels is intensifying as surging inflation hits household budgets and the US experiences wide-scale staffing shortages, which has emboldened many employees to push for higher wages.

"I think in a time like this, where the news cycle has been dominated by inflation for 18 months, where employees feel their paychecks not going as far as they used to - organizational leadership would be wise to be sensitive to that,'' he said.

The 90-second leaked recording captures Owen chiding staff at the end of a 75-minute internal company meeting for speculating too much about the annual bonus payouts.

"Spend your time and your effort thinking about the $26 million we need, and not thinking about what are you going to do if you don't get a bonus," Owen said in the video, referring to an internal metric. "I had an old boss who said to me one time, 'You can visit pity city, but you can't live there.' So people, leave pity city."

Following the meeting, Owen sent an email to staff and met with leaders across the company to address their concerns, according to a person familiar with the situation.

"Andi fiercely believes in this team and all we can accomplish together, and will not be dissuaded by a 90-second clip taken out of context and posted on social media," MillerKnoll spokesperson Kris Marubio said in an emailed statement.

The worry by staff at the Michigan-based company over a possible shrinking bonus pool comes amid a drop in sales at MillerKnoll this year as businesses pulled back on spending. Companies are downsizing their real estate footprint as many workers continue to work remotely after the pandemic, dampening demand for office furniture.

Other CEOs' salaries have been in the spotlight in recent months in the wake of mass layoffs. Some, like Goldman Sachs Group Inc.'s David Solomon to Morgan Stanley's James Gorman, have already accepted pay cuts, while others have yet to report their most recent compensation packages.

Though CEOs make around 300 times the average employee, only about a third of the rank-and-file polled by Gartner thought the wage disparity was unfair. But as economic anxieties grow, there's a chance that employees may become increasingly sensitive to the difference in their pay and those in the C-Suite, Guadagni said.

"I wouldn't be surprised if we start to see the tide turn on that a little bit, especially depending on what happens to the economy in the next six to 12 months,'' he said.
Newsletter

Related Articles

0:00
0:00
Close
UK Heatwave Disrupts Transport, Healthcare and Public Services as Red Weather Alerts Expand Nationwide
Barclays Warns of Growing Cyber Risk Divide Between Large UK Firms and Micro Businesses
European Defence Plans Including Ukraine Integration Prompt UK Strategic Reassessment
UK Equity Markets React as US–Iran Peace Roadmap Eases Oil Price Pressures
United Kingdom Expands Global Clean Energy Partnerships With Brazil, Morocco and Tanzania
Lord David Frost Urges Incoming UK Leadership to Abandon EU Regulatory Reset Strategy
Housing Groups Support Amendment to Strengthen Fire and Gas Safety Access Powers in Social Housing
South London NHS Estates Staff Ballot on Industrial Action Over Pay Structures in Hospital Maintenance Services
United Kingdom Government Invests £60 Million in AI Research Labs at Oxford and University College London
Barclays Cyber Security Report Highlights Rising Threat Exposure Among UK Small Businesses in AI-Driven Attacks
UK Met Office Heatwave Triggers Transport Warnings as Rail Operators Urge Cancellations Amid Infrastructure Strain
South London NHS Estates Workers Ballot for Strike Action Over Pay Disputes Across Major London Hospitals
Barclays Warns of Severe Cyber Security Gap Between Large Corporations and Small Businesses in the United Kingdom
United Kingdom Government Allocates £60 Million for Artificial Intelligence Research Laboratories at Oxford and UCL
National Health Service Approves Teplizumab Treatment to Delay Onset of Type One Diabetes in First European Rollout
Met Office Issues Rare Red Extreme Heat Warning Across London, South East and West Midlands as Transport and Health Systems Face Disruption
Prime Minister Keir Starmer Resigns After Labour Party Revolt Following Economic Stagnation and Local Election Losses
United Kingdom Economy Contracts for Second Consecutive Month as Private Sector Weakens and Job Loss Fears Rise
Taxpayer Support Grows for Higher Digital Levies on Multinational Tech Companies
Bank of England Signals Caution Over Inflation Despite Easing Energy Prices
Lloyds Banking Group Expands Artificial Intelligence Hiring Amid Sector-Wide Automation Shift
Film Producer Corporate Collapse Leaves Creditors Facing Unrecoverable Losses
UK Ten-Year Brexit Anniversary Highlights Ongoing Political and Economic Uncertainty
Nottingham Maternity Scandal Inquiry Reveals Systemic Failings in NHS Care
Met Office Heatwave Prompts Public Health Warnings Across United Kingdom
Concerns Rise Over Fiscal Stability as Political Uncertainty Weighs on UK Borrowing Costs
UK Taxpayers Back Higher Digital Taxes on Global Technology Firms, Survey Shows
Bank of England Holds Interest Rates Steady Amid Persistent Services Inflation
Reform UK and Opposition Leaders Call for General Election Following Starmer’s Departure
Ten Years After Brexit Referendum, UK Faces Ongoing Political Fragmentation and Economic Debate
Nottingham University Hospitals Maternity Inquiry Exposes Severe NHS Failures
Met Office Issues Heat Health Alerts as United Kingdom Faces Record-Breaking Temperatures
Andy Burnham Emerges as Front-Runner for Labour Leadership After Starmer’s Resignation
Keir Starmer Resigns as UK Enters New Phase of Political Leadership Transition
UK Expands Alcohol Ban Enforcement Using Tagging Technology Ahead of World Cup
UK Invests £50 Million in Critical Minerals Supply Chain Security
UK Appoints Special Envoy on Preventing Sexual Violence in Conflict
UK Introduces Fines for Landlords of Unsafe Rental Properties
Reform UK Leads Opinion Polls as Immigration Debate Reshapes UK Politics
Police Investigate Edinburgh Attacks as Potential Hate Crimes
King Charles to Publish Personal Tax and Royal Household Financial Records
Nottingham University Hospitals Maternity Inquiry Report Set for Publication
Heat-Health Alerts Issued Across London and Southern England Amid Rising Temperatures
UK Economy Shows Pressure From Middle East Conflict Despite Modest Growth
Brexit Anniversary Reignites Debate Over UK Economic and Political Direction
UK Parliament Continues Legislative Work Amid Leadership Transition
Financial Markets Hold Steady After UK Leadership Shake-Up
Andy Burnham Enters Labour Leadership Race With Strong Parliamentary Backing
Keir Starmer Resigns as UK Prime Minister After Two Years in Office
Reform UK MP Lee Anderson to Raise Pension Concerns Over British Coal Staff Superannuation Scheme
×