Lots of IT people cut in Columbus
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Absolutely no acknowledgment that "perfect power" involved much different climate events now vs. whatever decade Bill was in his prime.
I can't wait to move back to Columbus and use my joke salary to pay high dollar rent so I can be in the office 5 days a week all so Bill can get his kick backs from the chamber of commerce or whatever. What a great place to work. Glad I could do my part staying poor to help.
90% of managers and supervisors couldn’t run a hot dog stand, very pi-s poor quality of the employees at that level
You know you are employed by a bunch of losers when you receive sympathy cards from colleagues working for other electric utilities on your service anniversary. Not long for working at ***. It is always good to have colleagues, who can throw you a life line when your employer becomes an embarrassment to be affiliated with. So long clown circus. Glad I never wore the gaudy makeup and silly costume. Oh, by the way you can keep the red nose and clown shoes, I am going where there is a professional corporate culture that does not tolerate fawning lickspittle and court jesters.
So, few authentic Americans endure, it is a wonder we remain a nation of free men and women as most would trade their liberty for objects and notions of no eternal value. The pied piper of autocratic rule shall lead the greedy and ambitious fools to ruin as he has done time and time again throughout world history. It is always the resolute mocked and defiled patriots assailed by gullible fortune seekers and power mongers that must restore dignity and discipline to the house of the people. Loath and despise us if you will, but know we shall be the defenders of our nation's one true greatness, virtuous reverence for the Founding Principle of Equality. I pity you and your progeny for you are vain and virtue-less opportunists and nothing more.
I really wish there was a way to get rid of “The Pontification Poster”, on here.
Bro we aren’t impressed and we aren’t charging ‘The Red Coats’! Save it for your Harry Potter Fan-Fiction blog.
Management must be paying attention to the glassdoor reviews. I see some 5 star posts in there. Keep posting your experiences. Make the leadership have to lie.
Virtue inspired the Founding Fathers to create a nation where all men are created equal in the eyes of their government rather than a monarchy. The virtue-less evil men refused to relinquish ownership of their slaves thus defying the Founding Principle of our nation. God almighty punished us for our betrayal. The Civil War cost the lives of between 620,000 and 698,000 Americans, making it the deadliest conflict in U.S. history. Still today there are those virtue-less evil men obsessed with oppressing and exploiting their fellow Americans for their vulgar vainglorious self-aggrandizement because they are incapable of earning it for themselves. Your haughty hubris is a incendiary provocation that may exceed the virtuous self-restraint of the humble masses and then the charlatans shall be exposed by your absence of courage to endure the consequences of your abhorrent offenses.
The funniest part is that they bought all those shares with your retirement money. Lol!
When Vanguard has about 50m shares and will mostly likely vote with the Board, there is little to nothing that can be done unless one or two of the biggest shareholders step up and Demand change.
If a minor shareholder possessing less than 1% of shares in the company can appoint two board members then employees should be able to appoint an employee elected board member. After all we are shareholders, stakeholders and customers.
If you own AEP shares GO VOTE!! Don't let their choices be voted on your behalf. Vote no on Bill, vote no on Fowke staying on the board, vote no on Henry Linginfelter (Ichan), and vote no Hunter Gary (Ichan). I also voted no on executive compensation packages. It may not actually change anything but it can send a message that some shareholders are paying more attention and don't like what they see.
It’ll be interesting to see what happens with generation now that it's been separated from transmission again. What’s next for Juliet, especially after losing 70% of her organization? Some of her reports, who were just promoted to managing directors when transmission and generation merged, have now lost 80% of their teams. These managing directors, along with a few directors, are in a tough spot. Why was generation brought into last week's mandatory meeting, yet there wasn’t a single mention of the generation PMO? Are they next on the chopping block? Oh what joy to be an employee, so glad to be retired and observing from afar.
When the story of Therace announcing RTO for IT to management then the next day Bill announced her leaving and RTO was cancelled for IT...Did anyone else think Bill set himself up to look good? It wasn't like it was a sudden decision for her to leave...her contract was up so they didn't renew it. If I was a betting person, the new CIO will be someone Bill worked with in the past. Just trading one devil for another.
After April 1st, any guesses on who will be made the Temp CITO? Should have someone holding down the position for 3-4 months while they look for a replacement.
In this morning’s video update Bill said he’s seen the idea that senior employees have more flexibility with RTO and he has brought it up to leadership. So whose decision is it then??
Corporate makes decisions solely for the benefit of shareholders and themselves and stakeholders be damned. It is time to turn the tables on corporate and bring the full weight of customers and employees to bear on their weakest link. Our combined weight trumps their immense wealth and they will go broke opposing us. The ballot trumps the dollar.
Too many people want to complain and do nothing to better their situation. It is insane. Complain about what’s going on. But as more and more happens if you are complaining and doing nothing to better your situation whether that be trying to find a new job or being a spokesperson for yourself and coworkers you are part of the problem. I have seen people getting rid of take home vehicles and private flights. I hope they do. Save the company some money and there is no reason to have either of those things.
If corporate officers are going to circle their employees like predators then employees must ban together in a herd mentality to drive the cannibalistic predators relentlessly to their demise.
I wonder how many directors and above would work for themselves if they had to.
THE END.
It does feel like employees are constantly being lectured and reprimanded. It started at the top and trickled its way down to other leaders. I don’t remember doing anything wrong other than dedicating the majority of my waking hours each week to the company, often at the expense of time with my family. Does anyone remember “The Power of Thank You” initiative years ago? Other than some lip service to “employee appreciation day” it’s been replaced by a steady stream of “tsk tsk …”. I don’t even recognize this company anymore.
I don’t know why you all keep suggesting AEP is trying to break up, when the company has its best growth prospects in its entire history. This is a time to be investing.
I've never seen our experienced employees treated like they were toddlers before now. We were ALWAYS 'accountable'. The people I work with are some of the hardest-working humans I've ever met.
Whatever AEP got itself into with this out-of-touch, repressed, biased old man, I hope there is a way out for those who can find one. He acts like he's the smartest person on Earth. Nevermind his math doesn't work, and history tells us a man who knows everything can't learn.
And if ICP gets reduced, the one time payment means nothing. You are still at a net loss and in the office 5 days a week.
AEP will continue to be a fresh out training ground. Come get your first three years and then bail for 30% more and hybrid/remote.
Transmission planning offering some big sign-on bonuses now.
$5000 for an associate level engineer.
$20,000 for a grade 9.
I'm almost convinced the aim is to strip AEP for parts and sell the Opcos and Transmission off to multiple third parties. Why re-do Transmission this way, one reason is to make it more attractive for a buyer. Someone said Bill is a stop gap and the likelihood of a merger between AEP and FE is low because of the state of Ohio and geographic concentration. Well who said AEP Ohio had to go to FE, they could just more easily go to AES or Duke, or he-l even someone who doesn't border AEP territory. FE could easily take I&M, they border each other, and the state of Ohio doesn't get a say. This goes for all Opcos. Keep in mind we are dealing with Carl Icahn and associates, who knows what an 89 year old man's dying dreams are or whether they've fully taken into account the difficulty of liquidating AEP.
So apparently some teams had a very suspicious meeting today for most transmission and distribution. What went down? Things sound off
Americans Exploited for Profit, when did the name and purpose of our company change?
I had a good laugh when Bill sat up there at the front of the room and acted almost outraged at the idea that employees don't trust his intentions and the rumors that he doesn't want us to get ICPs.
Yes Bill, people tend to react negatively when you make completely unnecessary decisions that make their lives worse.
Carry a little precious specie in your pocket and when leadership walks past jingle it and watch them begin to salivate and tremble like a he---n addict looking for his next fix. Listen closely you can hear them murmuring Myyyy Preciousss, Myyyy Preciousss as they gnaw on their raw fish. Stories of old tell the eternal truth about pure evil.
Two months ago Bildo held a top 100 leadership meeting where he told everyone we were failing and didn't deserve a bonus. Now he wants us to believe he went to bat for us to make it easier to accomplish and he wants us all to receive a 200% bonus. Bildo got jokes!
One small Bildo fehr man, one giant Bildo fehr mankind
Going forward Bill Fehrman will be known as Bildo on this message board. Why? because it rhymes with di--o and he is an Icahn-ic Tool!
Also remember how Bill only gave a few months to watch our progress as Hybrid/remote. When he first came in he warned how it will go. Not even three weeks later he took all that back and sent that email, gave the new update we are returning and said he saw no progress in us. How are you going to judge with a few weeks and months in as CEO!? With all your organizating and traveling, no one's is going to progress because we are all stressed with changes!
ICP - Bill is feeling the pressure as he had to bring it up for discussion on the mandatory call yesterday. The problem is he was less than transparent about it. In fact, he outright lied. In 2024 the EPS guidance was $5.58 to $5.68 with a midpoint of $5.63. In 2024 that midpoint target allowed the employee to achieve a 100% ICP target. Actual EPS was $5.62. AEP missed the midpoint target hence our company ICP actual was somewhere around 93%. This was a 7% growth target. Fact - read it here https://www.aep.com/news/stories/view/10018/
2025 EPS target - AEP announces new long-term growth rate of 6% to 8% based off of 2025 operating earnings guidance of $5.75 to $5.95 per share. This places the 2025 midpoint for EPS at $5.85. Bill tried to tell you yesterday that they lowered the target to 3.9% so that all employees could get bonuses. Do you really think that AEP went to the street and told investors that we want our employees to get bonuses so we are lowering our guidance!!!! All lies, smoke and mirrors. Fact - read it here https://www.aep.com/news/stories/view/10018/ Fact - AEP 2024 EPS midpoint $5.62. Fact - AEP 2025 EPS midpoint is $5.85. Fact - $5.85 is bigger than $5.63. Fact - AEP DID NOT achieve target EPS midpoint in 2024. Fact - for employees to achieve a 50% ICP bonus payout for 2025 AEP will have to achieve the EPS midpoint of $5.85 which is $0.22 higher than the 2024 miss. Fact - for performing better you will achieve less ICP payout, working harder for less money. Fact - if AEP does not achieve the EPS midpoint there is zero employee bonus payout for 2025. Fact - this was clearly laid out in Bill's employee webcast on 2/13/25 on the slide titled "ICP Has To Be Earned."
AEP employees, you have taken a pay cut in bonus. You have taken a pay cut with RTO. You have taken a pay cut with inflation versus the measly merit increase you will receive in April.
But everything will be great going forward. We are going to hire 250 new employees!!! Unfortunately, we have nowhere to put them due to RTO. But we're working on that, a.k.a we have no plan. Fact - today candidates for open positions are turning down offers due to a poor compensation package. Fact - employees are leaving for better pay and hybrid/full remote opportunities. Bill was asked about compensation and what AEP is doing to keep current employees as well as attract new talent. Did you see how quickly he threw that hot potato over to the HR guy and Bob in the mandatory meeting? Fact - it's not that hard to adjust pay scales! Fact - there is no plan to adjust compensation! Remember, everything is about creating shareholder value and bonuses and pay increases don’t accomplish that!
Employees, you must educate yourself on the FACTs because you will not get them from Bill Ferman.
With all the turmoil this place has had, employees that have stayed through all of this mess should be trusted and rewarded. An earlier comment said more tenured employees should have remote/hybrid privileges. That sounds like a winning idea to me.
I’ve been doing my job for over a decade and I certainly don’t need more time at the dump that is 1RP to do it well. And none of my team does work that is collaborative in nature. I had this job down to a science after probably 2-3 years. I currently have no incentive to stick through more reorgs and constant change for the worse, and will leave asap to avoid RTO.
Agree with that last comment. They knew what they were getting when they hired her.
The board vets these candidates. They knew exactly what Therace was about when she was hired. Don’t just put all the blame on her. Blame Akins, the board, and Julie for hiring and keeping her.
The problem is, will they just go find a better outsourcer? Someone who can manage their budget better and keep IT costs low?
And thru the town the joyous news was spread
Ding-do-g, the witch is dead! Which old witch? The wicked witch
Ding-do-g, the wicked witch is dead
Wake up, you sleepy head, rub your eyes, get out of bed
Wake up, the wicked witch is dead!