Thread regarding American Electric Power Co. Inc. layoffs

Saturday meeting at 9am for a routine update and taking attendance. What’s the consequence for not joining? Could a video not have been made and then posted on AEPNow? Unreal

Stealing the accomplishments of employees, who have spent decades building the AEP we have today and giving it to freeloader major investors, who have done absolutely nothing but lend the company money they have stolen from other workers is enough to make any honest man or woman angry. It is time to get rid of confidence men, who can only be successful when they are allowed to steal what they are not capable of creating and earning for themselves. A thief is a thief regardless of what title he holds.

I feel like I am fairly compensated for what I do.
Not sure where all this resentment and anger is coming from.

Taylor Swift gave her employees $197,000,000 in bonuses at the end of her Eros Tour. William Fehrman gives you more responsibilities and a attaboy. I think we should all go work for Taylor Swift and move up to a 1st world employer instead of a 3rd world crony corporate cult.

why would the ceo be meeting on a Saturday with managers and above? does it have anything to do with the stock market already being closed on Friday? the board just met the other day. M&A?

The future is uncertain and uncertainty breeds opportunity, now who shall seize it?

All company managers directors and other leaders are meeting at 9am Saturday morning. Topics include:

2024 Successes
2025 Opportunities
Update on Financial Performance/ICP
Q&A

It is not the exquisite gilding of the vessel that gives it value. It is the virtuous soul within that is priceless. AEP values gaudy and tawdry empty vessels and pays a premium price for something that has no intrinsic value. That is why they focus solely on the major shareholders and corporate officers. Useless in a crisis, worthless in a time of arduous endeavors and fearful of their own shadows. I guess that is why the are locked away to add to the illusion of immense value so someone will foolishly believe they are worth more than the employees of AEP.

Yes, boss that is a great idea. Deny employees raises and significant bonuses to cut costs. You want me to talk up austerity, I well be glad to do so. Oh, you could see your way to promoting me in the future. I will glad to be your obedient lackey and report on anyone making trouble for you. I am willing to trade my dignity, principles and co-workers for a little piece of the thievery.

The only difference between capitalism and communism is the names of the tyrants, who profit from them. Tyrants always impugn the integrity of people fighting for justice. They also fraudulently define the goals of the movements that seek to depose them. Collaborators, who would clamp the shackles about the wrists and ankles of their co-workers to gain favor and status with the tyrants have always defended the tyranny they are seeking to unjustly and cowardly benefit from. I would rather die a feral man than live as servile a-s kisser.

Employees need to wake up and realize we have leverage when negotiating for better pay & benefits. The company threatens employees with contracting out departments but we are their cost leverage with the contractors. If the company contracts out departments then the contractors will have leverage for more lucrative contracts. The company's response will be competition among contractors will work in their favor. We all know you can't spell chEAP without AEP and there are not many contractors competing for bottom pay contracts. Working to exist to come to work another day is not the American dream and those un-Americans responsible for stealing our wages are starting to realize their haughty belligerence has lost its ability to intimidate us as was made glaringly apparent on the nightly news.

Even modest earnings per share growth (EPS) can create meaningful value, when it is sustained reliably from year to year. So it's easy to see why many investors focus in on EPS growth. American Electric Power Company boosted its trailing twelve month EPS from US$4.37 to US$4.96, in the last year. This amounts to a 13% gain; a figure that shareholders will be pleased to see.

One or many?

Really enjoy this page. Wish there was more information being put out but I really enjoy the rants. Makes me feel like I’m not alone in how I feel. Helps the culture better than anything the company is trying to do to grow it.

A customer summed it up succinctly when he said, "Of all the companies I do business with, yours is the only company operating like it is still the 1950s." We could succeed, if inept, incompetent, archaic and self-absorbed corporate management would get out of our way and stop raiding our operating budgets to enrich themselves and their freeloader investor buddies, who keep voting them more generous compensation packages.

I'm not sure where to start. On the one hand I want the company to do well. On the other hand, I could care less. If we do well regardless of the changes that have been made over the past 4-5 years, upper mgmt will think the changes made the difference. They didn't, it's only because of decent weather and other non-mgmt factors. They will continue down the same path with similar decisions. If we don't do well, they'll blame everyone in the trenches for not buying into the new culture. Either way, the majority of folks are going to be worse off in a year. Back to the beginning, I guess I really don't care because I'm sc--wed either way.

This company has did a complete 180 in the last 5 years. The future is not as bright as it once was and everyone can feel it. With the closers and retirement dates of plants, unjustifiable layoffs lots of people are starting to realize this is just a job and the once days of careers is over. This last survey has open the eyes of many and some are in disbelief that so many people are feed up with this antiquated management system.. The favoritism and Constant nitpicking of mundane tasks shows the old habits of a generation that’s past. The younger generations that enter this mentality will not stay and the pool again is culled and lower expectations are established and lower skilled people are employed. This nonsense has lead to a new reality at AEP a spinoff from an upside down world we once knew where good is now wrong right is now left and being a flamboyant id--t is desired over a competent employee . Why has this occurred because the old system has stomped out the new systems and the culture can’t change only seeks more of the same mindset to validate the current failing system. AEP su-ks it that simply.. We can celebrate that yet again a dinosaur is leading our company but don’t let that fool you… its different this time …as the brown paper sacks are passed and the kickbacks are being made we can all agree that AEP is being sold off to the highest bidders.. We can put all the lipstick and buttermilk we want on Ol Wilber but he’s still just a pig.. This economic hitman CIA style governance we see emerging from the depths of the bowels will show its self very soon. Take the money and run! Cash out before the bankruptcy and Drained Pension lawsuits start.. The spinoff of these assets and environmental regulations to clean up Among any catastrophic failures.. we fail to realize our eggs are in one broken basket..

Investing in physical capital without making commensurate investments in the human capital operating, maintaining, troubleshooting and upgrading the physical capital investments is unconscionable.

As an older veteran, we never thought to ask exactly whose freedom we were defending. The freeloaders, who never served, never sacrificed and never cared about anyone but themselves. Perhaps, our greatest enemy was always behind us at the butt of the shaft while we were risking it all at the tip of the spear where the metal meets the meat.

The Shame and LIES are coming to AEP corporate from Cook.

One of the biggest groups sc--wed over by this company is 911 veterans. Served our country came back to the usa. Just to give most of your adult hood working life to a bunch slimy ba----ds thst would make good leaders in communist Russia. This is for any veteran thst was lied to by leaders of this corporation. Sc--w you asswholez

Message to AEP leadership. Upon the holidays please take the time to reflect on your desicions the past couple of years. Remember if you made it to the top of the organization and the people who helped you out are not around, please ask why that is?
If you are a vilian in your employees homes, then the only thing you are a leader at is your own ego. Merry Christmas everyone

Oppressed people must choose
To band together to affect positive change
To right the wrongs of the past
Postponing the coming of Judgement Day
We the people must form the perfect union

There's a natural mystic
Blowing through the air
Can't keep them down
If you listen carefully now you will hear
Such a natural mystic
Blowing through the air

There's a natural mystic
Blowing through the air
If you listen carefully now you will hear
This could be the first trumpet
Might as well be the last
Many more will have to suffer

Unearned privilege is a poor substitute for proficiency, professionalism, experience, cultivated customer relations, decades of dedicated service and sacrifice. Stop letting ego strokers and servile sycophants jump ahead of deserving employees, who have paid there dues and earned a promotion or bonus. This is precisely the reason why our culture is mediocre and broken. Too many privileged freeloaders looking out for each other and pulling down the organization, we are striving to raise up.

Employees need to elect their own corporate board to represent the interests of employees and retirees, who have invested decades in making AEP and its OPCOs' major shareholders immensely wealthy. We treat our investments of time, effort, sacrifice and talent the same as major shareholders treat their investment of wealth. The future favors the bold.

Privilege has no place in a nation founded upon the Principle of Equality. Privilege is the very thing Colonial Americans rebelled against. Embody virtue, defend liberty, demand equality, define justice, vanquish tyranny thus live the American dream.

No one said anything about unearned privallege. The comment is about fairness and equity.

It is only peoples lives. Who cares right.

Maybe you should learn how to spell correctly first before talking about how other people have unearned privilege.

I think anyone who is here complaining about AEP has a right to. Many employees have relocated their families, to work for AEP. My kids grew up away from grandparents. My wife did not work, because the job was so demanding of me, she could not. In the end I watched leadership fail many employees as they walked away winning big. Promoting friends and family that did not have shared sacrafices for the company. These are tge dame leaders that Bill will leave in charge. How do you expect to change things around. If this leadership team dr-g AEP down, it will do it again. Why would they try to change anything that is working for them. Promoting all yes man into the powerful privaleged club needs to stop if AEP wants to be fixed.

Shared services and workplace services are getting their demotions now with a sprinkling of layoffs. Decentralizing what they do so the oppcos can pay for the staff that regularly has to tell them no to ridiculous requests. Should be a lot more puzzling spending trends in the coming years as over a decade of standardization and operating the facilities on a shoestring gives way to keeping up with the Jones mentality. A lot of run to failure of critical equipment so you can use your budget for swanky furniture upgrades in empty buildings. I can't wait to see the plethora of vanity projects that get pushed through in the coming years.

My precious, my precious, my precious consumes me.

Post ID: @54nnu+1qB6FXi3

I’m not sure what this person was trying to say, but he/she seems to be a low IQ poster and it shows. They make bad assumptions and then ramble on for several paragraphs to say ‘companies have issues’ wow, really? Now who would have figured that out? For some reason, he/she typed all that like a 13th century peasant.

First, stop with the JR Tolkien writing, it's weird and you lose everyone after the first sentence. Second, yes I want Bill to succeed, I really do. I have worked in multiple industries and for numerous companies so I've been on both sides of the fence. Spent time in management but mostly technical side of the house. I can say without hesitant, Bill needs to fire Therace sooner that later. She is a cancer in IT and I've seen it before. Yes one person can sc--w up an entire organization and she has done an excellent job of it here. She is without a doubt, the d-mbest EVP that I've ever had to pleasure to work for. And that's saying a lot considering the number I have worked for and with over the years. So before you go blasting the guys in the trench, they know they have 0 control over what they do. They have little to no say. If they do say something, they are retaliated against and are not in control of their own destiny. Easier said then done to move from one job to the next on your own, family comes first so you keep your moth shut and suffer like the rest of us. For me, F Therace, just another liberal with a worthless Master's that she thinks she knows everything.

When we must endure 13th Century tyranny in the 21st Century, what do you expect. Not everyone forgets their past, ignores their present and fails to see the future that their past and present add up to. Old souls are witnesses of human history, who have seen this scenario play out time and time again. The end result is always the same. The immensely wealthy refuse to repent and the human suffering continues in a never-ending cycle of misery. Serfs do not forget or forgive the nobles, who unjustly diminished them to elevate their own stature.

Some of you have never worked anywhere but AEP and it shows. Or you haven’t actually looked for a new job in a really long time. Your problem seems less about what AEP is doing and more about general corporate issues.
Is everything perfect here? No. Good luck finding a place to work that doesn’t have issues of some sort. More good luck finding somewhere that compensates as well as AEP, and if you find it why are you staying if it’s so easy?
The issue seems to be that a lot of people got away with questionable behaviors and decisions for a really long time. Yeah we see you and you will downvote this confirming the statement. Just because you have been doing or not doing something for 20 years doesn’t make it right.
The company has to remain solvent in order for you to get a paycheck and keep working. It’s simple. You may have to change a bit, who doesn’t have to over the span of a career?
Perspective is everything, and some of you are missing a giant dose of reality. I think Bill is pushing and doing the right things to fix some of the long standing issues. At least he is willing to try.
Complaining is fun, but you all know there are things you just can’t change. Getting on board with what you can change might bring you some fresh perspective.

Also, is it really necessary to type out these posts like you are a 13th century peasant?

The pharaoh has no robes and he can build his own pyramids.

Corporate officers and major shareholders do not accept woefully inadequate and insulting compensation and returns on their investments, why should employees and retirees? Where is the shared sacrifice and suffering for the good of the customers? Corporate officers and major shareholders are not satisfied with empty and valueless praise, why should we be? They are not slave owners and we are not slaves. Two unjust and unequal economic systems cannot coexist and there be harmony in a culture of equals.

Who does the American Dream belong to? Corporate officers and their major shareholders? Politicians and their political campaign contributors? Hedge fund managers and oligarchs? Active duty service members and military veterans? First responders and medical professionals? Working, middle-class and retired Americans? American Taxpayers? Our children and grandchildren? The American Dream belongs to all of us and NO ONE has the right or privilege to restrict access to the American Dream to any American citizen. Are you an American patriot or just another un-American tyrant stealing our American Dream for your un-earned, undeserved and obscene self-aggrandizement.