Corporate Greed Profile: Lowes CEO, R...

Corporate Greed Profile: Lowes CEO, Robert A. Niblock

There are 117 comments on the www.lowesceo.com story from Nov 22, 2009, titled Corporate Greed Profile: Lowes CEO, Robert A. Niblock. In it, www.lowesceo.com reports that:

THE HUMANITY!!!!!

In the bizarre world of corporate greed and selfishness that has come to define our times, Robert Niblock saw his income go UP 11% at the same time Lowe's income fell by 22% and our economy teters on the brink of a depression.

The top brass at Lowes were fully aware that 2008 would be a disaster so they decided to base their pay on easily achievable low-ball targets.

$6.6 million AND a private Jet Mr. Niblock made $6.6 Million Dollars last year while employees were laid off and their stock price fell through the floor. To add insult to injury, private Jets are mandated in his contract for safety, health and security reasons. Just like the Auto Industry, Lowes has yet to figure out that its executives can fly first class at a fraction of the price and save thousands of jobs a year for hard working people who are the back-bone of the company.

Join the discussion below, or Read more at www.lowesceo.com.

Paintyankee

Orlando, FL

#94 Jul 6, 2012
My store has bonused for 9 in a row. Sometimes we have to be careful of what we spend and waste, INCLUDING HOURS THAT ARE WASTED DOWN AT THE COMMERCIAL SALES DESK BY ASSOCIATES WHO JUST GO DOWN FOR COFFEE and BS. We should all be thankful we have jobs and customers that keep coming back. I am the only one working in my home right now and I am thankful for my job!
countrygirl

United States

#95 Jul 6, 2012
Paintyankee wrote:
My store has bonused for 9 in a row. Sometimes we have to be careful of what we spend and waste, INCLUDING HOURS THAT ARE WASTED DOWN AT THE COMMERCIAL SALES DESK BY ASSOCIATES WHO JUST GO DOWN FOR COFFEE and BS. We should all be thankful we have jobs and customers that keep coming back. I am the only one working in my home right now and I am thankful for my job!
\
Yep, we have those kind of associates at our store too; our admin clerk goes down there to flirt with the guys all day, its sickening.
Furby

Mooresville, NC

#96 Jul 7, 2012
Paintyankee wrote:
My store has bonused for 9 in a row. Sometimes we have to be careful of what we spend and waste, INCLUDING HOURS THAT ARE WASTED DOWN AT THE COMMERCIAL SALES DESK BY ASSOCIATES WHO JUST GO DOWN FOR COFFEE and BS. We should all be thankful we have jobs and customers that keep coming back. I am the only one working in my home right now and I am thankful for my job!
I am thankful I have a job, but at what point do the workers start standing up to the decisions made by the execs that negatively impact their lives while continuing to make those execs wealthier? Executive stock bonuses have gone up from 3x salary to 4x salary while employee pay and benefits are being reduced. Over the 7 years I have been with Lowes I have watched my potential for increasing my income slowly erode while executive salaries and bonuses have increased.
Bird

Fenton, MI

#97 Jul 8, 2012
Yeah Furby, I agree. It's like a relationship, no matter what, both have to concede a little bit, and meet in the middle. You are always going to have to back down a bit and do things that you don't want to keep the relationship fair, and to keep the other happy. However, when the spouse starts demanding fancy things and draining the bank acct, stops holding up their end of the deal, sleeps around, gets drunk every night, etc, then that would be where you draw the line and quit conceding. There is a point when it is no longer called sacrificing, and becomes being walked on. Right now, we are being walked on. So yeah, we may be happy to have a job, but just as in a relationship you shouldn't allow yourself to be walked on just to have a way to get laid, I think the time is drawing near where employees have to quit allowing themselves to be walked on just to have a job and make some rich son-of-a-b**ch richer.

Any time an executive announces cuts or sacrifices, what they are really saying is "we need to take something away from you to benefit us". In all but a few circumstances, your cuts are usually followed by their bonus or pay increases.

Since: May 12

Highland, MI

#98 Jul 11, 2012
This isnt a job, its a death sentence. Sent on delivery 2day and im not delivery. I work electrical. The store was paging me all day & the idiot asm cant pass the word im doing something else at their request. Get hell when I get back because of a call out. Then with 30 mins left in the store, they want the frieght that was left over put away. I loaded 1 skid & 2 carts right into the hopper & left. [email protected]$& u Netrour. And the funny thing is, ill still have a job tomorrow cause there is no accountability & ill laugh watching them wonder where thw frieght is. cant wait 4 unemployment.
Nochance

Toronto, Canada

#99 Jul 12, 2012
Jtown0175 wrote:
This isnt a job, its a death sentence. Sent on delivery 2day and im not delivery. I work electrical. The store was paging me all day & the idiot asm cant pass the word im doing something else at their request. Get hell when I get back because of a call out. Then with 30 mins left in the store, they want the frieght that was left over put away. I loaded 1 skid & 2 carts right into the hopper & left. [email protected]$& u Netrour. And the funny thing is, ill still have a" job tomorrow cause there is no accountability & ill laugh watching them wonder where thw frieght is. cant wait 4 unemployment.
That's hysterical! I'm presuming the"hopper"is the garbage?
OverIt

Panama City, FL

#100 Aug 17, 2012
Yellow Discipline wrote:
<quoted text>No, Welfare created mentalities, no secure border and government corruption are what is destroying this country. Corporations are suppose to be greedy (make as much profit as possible), it's how capitalism works dumb ass.
Are you serious - last year I bought a Christmas tree for 75% off after the Holiday, the price before Christmas $239.00, when I asked for a little more off being it was the last one - I was told if they did that they wouldn't make a profit..... ARE you flipping kidding me - at 75% off they were still going to make a profit...... Guess Robert needed fuel for his Jet ......
MDLow

Saline, MI

#101 Aug 17, 2012
Why should you be entitled to an extra discount in addition to 75% off? Corporations are in the business of making money and at 75% they were already selling it below cost.

Since: Jun 12

Location hidden

#102 Aug 18, 2012
countrygirl wrote:
<quoted text>
\
Yep, we have those kind of associates at our store too; our admin clerk goes down there to flirt with the guys all day, its sickening.
You can go to your HR manager or AHR. Or is you want to do it annoymously use ethics point to report it at a higher level
https://secure.ethicspoint.com/domain/en/defa...
long time employee

Rapid City, SD

#103 Oct 27, 2012
I wonder if BOBBY and all 100 vice presidents took a 25% paycut for the betterment of the company.

Since: Oct 11

Location hidden

#104 Oct 27, 2012
long time employee wrote:
I wonder if BOBBY and all 100 vice presidents took a 25% paycut for the betterment of the company.
You know better than that-they probably took a 25% increase.
lowes employee

Mooresville, NC

#105 Nov 27, 2012
Robert Niblock is about as greedy as they come,if you think he cares about any of his emplyoees your are sadly mistaken,go on the lowes Connections site,its nothing except his whinny as yes men saying what he wants to hear......Oh thankk you robert for letting me keep my job at a 20 % pay cut,IDIOTS
lowes243

United States

#106 Nov 27, 2012
I think lowes is a wonderful company.
lowes243

United States

#107 Nov 27, 2012
Niblock is deserving of his pay and his title. Very understanding man. You guys are just wanting to whine about anything and everything.
Cuban Alvarez

Orlando, FL

#108 Nov 27, 2012
Now that's funny!! I almost choked on my mac and cheese. Now I'll finish choking the chicken while dreaming of niblock and lowes243.
lowes243

United States

#109 Nov 27, 2012
Thats not very grown up of you to say. If you dont like your job then its simple....leave. your kind of attitude is what kills the moral in our stores.
nedm

Pembroke, MA

#110 Nov 28, 2012
Huh? Granted he's cheaper relative to what other CEO's are paid but that isn't saying much.

So many negative quarters, why is he still at lowes again? If this man led a football team he would have been fired by now.
True Miner

Beckley, WV

#111 Nov 28, 2012
nedm wrote:
Huh? Granted he's cheaper relative to what other CEO's are paid but that isn't saying much.

So many negative quarters, why is he still at lowes again? If this man led a football team he would have been fired by now.
I saw online they are looking to hire his replacement. They are supposed to hire someone soon then of course he will retire in the next three years.
Tony Montana Alvarez

Schnecksville, PA

#112 Nov 28, 2012
Another Quaalude, and she'll be mine again.
Sick of morons

Kansas City, MO

#113 May 24, 2013
chris wrote:
then go back to school and get a better job and quit bitching. they dont have to give us ssei bonuses and holiday payouts and 2 weeks vacation, they choose to. if you can't live off of 10/hour then go get a better job. Call it corporate greed' but you don't have to put up with all the bullshit he goes through, like his employees going on threads and talking shit like little bitches.
You know it's morons like you that are bringing down this country. Nibblock has made an extra 8 million this year just off his raise. You think he cares about you? That's all you idiots answer, "get a better job". 47% of the students coming out of collage can't find one. Because of stupid brain dead thinking that the bottom line is all that matters, most jobs have left for even cheaper labor while the United States heads for a third world life style. How about a little human compassion? Jerk!

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Cleveland Discussions

Title Updated Last By Comments
News Four more arrested in drug operation in Iredell... Nov 14 watch-see 1
Old House behind Signal Hill Mall? (Jan '16) Nov 9 Evad 9
Townhomes Nov 5 Rigs 1
Iredell County DSS (Oct '09) Oct 25 Nancy Thanavastien 40
Trump Hats on Discount Oct '17 Merica 2
Kyle Adam Maraghy, thug about town Oct '17 Snoresville 1
Looking for Picture of my Brother that was lost (Oct '14) Oct '17 wondering 2

Cleveland Jobs

More from around the web

Personal Finance

Cleveland Mortgages