Great company…. for shareholders - Director Lam Research Employee Review

I used to think the prevalence of long-tenured employees was inspiring. After a few years I came to see how it sabotages the culture. Senior leaders fall into one of two categories: 20+ year veterans that have spent the vast majority of their career at Lam, and transplants from elsewhere with <5 years at the company. The former are entitled autocrats while the latter are helpless sycophants. That combination stifles progress on the things that matter to employees and their workplace experience. The only decisions made with any haste are budgetary, and designed primarily with shareholders in mind. Austerity has been the rule for 2+ years while the stock price has doubled. So postponed promotions and delayed salary increases disproportionately impact the bottom 90% of employees, while executives continue to bank huge equity compensation from restock performance.