Viewing a single comment thread. View all comments

mrnoonan81 t1_j9cupix wrote

Reply to comment by brooklynlad in Amazon Corporate Workers Face Pay Reduction After Shares Slip by brooklynlad

> Our compensation model is intended to encourage employees to think like owners

How about the owners think of them as employees. If they were receiving competitive compensation before, that means the competition will now scoop them up.

21

fbuslop t1_j9dy7cj wrote

>How about the owners think of them as employees

But they are owners, they should think like one too because they chose to take compensation in form of RSUs. Plenty of opportunity for them to make a high base salary where they can think like "employees". These people are high income earners, they were loving the RSU pay structure beforehand.

11

GothicToast t1_j9f56ek wrote

Exactly. They want all of the upside with none of the downside. Life's tough.

3

Silver-Armadillo-479 t1_j9fa2oi wrote

If you work for Amazon, your life isn't tough. Work may be tough, but this is a first world problem that we shouldn't even be discussing. Stupid article

−8

Longjumping_Worry184 t1_j9dhpy3 wrote

There's a super cringrey article out there about Amazon hiring missionaries not mercenaries, meaning they want believers who want to do the work rather than someone chasing large paychecks. This came back to bite Amazon as their VP cash base was capped at 165k like all other roles, and they were losing good VPs to competors who were paying larger cash salaries and not having to wait 2 years for stock to vest. This is part of why the highly publicized base raise to 350k happened last year.

9

mrnoonan81 t1_j9dl4tw wrote

Did they never grow out of the dot-com startup mentality?

1

frolie0 t1_j9dpxtk wrote

They didn't have to. Their stock has been in hyper growth mode and people were making a fucking killing there. The RSUs over cash was totally worth it at that point. But now the scales have tipped and it's quite the opposite.

8

mrnoonan81 t1_j9duhul wrote

I wasn't quite referring to their compensation strategy, but the "missionaries over mercenaries" mentality.

−2