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along with the pay raise they’re also taking away stock grants and replacing them with a stock purchase programquote:In another change, Amazon will phase out its Restricted Stock Unit program for order fulfillment and customer service employees who are paid hourly. Those workers currently receive shares of stock if they meet certain conditions. But the company says the employees have said "they prefer the predictability and immediacy of cash to RSUs." FCKGW fucked around with this message at 18:11 on Oct 2, 2018 |
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Oct 2, 2018 18:08
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keyboard vomit posted:Watch them make this $15 minimum be a boost for "legacy employees" and all new workers get started at federal minimums a year or so from now it also includes all the whole foods employees
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Oct 2, 2018 18:09
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getting lovely rear end people to do what you want for their own terrible reasons is called politics and do you really want to hate bezos so much as to oppose a raise in the federal minimum wage just because he supports it
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Oct 2, 2018 18:10
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no but i'm gonna push back against this framing that the benevolent bezos givith when organizing those workers could get more https://twitter.com/ceodonovan/status/1047161415390220288
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Oct 2, 2018 18:15
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FCKGW posted:along with the pay raise they’re also taking away stock grants and replacing them with a stock purchase program I'm sure the hourly workers were getting massive amounts of rsus and it wasn't all getting eaten by taxes and brokerage fees
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Oct 2, 2018 18:15
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FCKGW posted:along with the pay raise they’re also taking away stock grants and replacing them with a stock purchase program yeah but their stock grants program was something like needing to stay in the warehouses for 3 years before you got any stock grant you could actually sell, and even then it was like, 1 share or two shares and part time/contractor/temp employment didn't count towards getting things vested. basically no one could use it but since it was there it was used as an excuse to not pay real money
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Oct 2, 2018 18:15
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fishmech posted:joff p`zone mods???
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Oct 2, 2018 18:23
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jeff pozzos
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Oct 2, 2018 18:27
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do they still make the pizzone?
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Oct 2, 2018 18:31
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H.P. Hovercraft posted:no but i'm gonna push back against this framing that the benevolent bezos givith when organizing those workers could get more whos saying benevolent, not me. im just not interested in what could be. more money for workers = better. bezos could do lots of bad stuff too and when that happens i'll call it bad. in the meantime the workers are getting more money
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Oct 2, 2018 18:31
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more money for workers but also unionize them and tax bezos at 98%
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Oct 2, 2018 18:32
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lancemantis posted:do they still make the pizzone? they only sell it in canada now
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Oct 2, 2018 18:33
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Kevin Mitnick P.E. posted:whos saying benevolent, not me. im just not interested in what could be. more money for workers = better. bezos could do lots of bad stuff too and when that happens i'll call it bad. in the meantime the workers are getting more money no one's opposing the raise dumdum
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Oct 2, 2018 18:34
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qirex posted:the ultimate move of lee sending his fail son to negotiate with dr dre and jimmy iovine monster was the ruthless terror of the tech industry, but they were effortlessly filleted, boned, and devoured when they brushed up against the real sharks of the entertainment industry dre and jimmy sized up the failson in an eyeblink (inexperienced, desperate to make a deal to prove himself to dad, and easily starstruck by celebrities and pretty girls) and just absolutely took him to the cleaners
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Oct 2, 2018 18:36
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H.P. Hovercraft posted:no one's opposing the raise dumdum sorry i didnt get enough sleep and i am pretty dumb today
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Oct 2, 2018 18:38
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fishmech posted:yeah but their stock grants program was something like needing to stay in the warehouses for 3 years before you got any stock grant you could actually sell, and even then it was like, 1 share or two shares espp for them would also be pretty screwed up. i don't know amazon's espp program but at apple it's 6 month periods, capped at 10% of salary, 15% off the lower of the two end-point prices. someone working 30hr weeks at $15/hr would be putting in a max of $1170. amzn has gone from $1370 to $2000 over the last six months, and 85% of $1370 is $1164, so if the program had exactly those endpoints and someone was already making $15/hr and maxing out their contributions the entire time, they'd just barely be able to afford a single share. but going forward, to get to 85% of $2000 at 10% of $15/hr you have to be working 42 hour weeks. to afford even a single share of stack with this plan you'd have to roll forward contributions for an entire year, and even that wouldn't be good enough if you were only working 20hr weeks
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Oct 2, 2018 18:59
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you'd also have to tie 10% of your salary into the program which is probably going to be difficult if you're living off of 15/hr
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Oct 2, 2018 19:16
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instead of an employee stock purchase program they should have an employees get jeff bezos's stock for free plan
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Oct 2, 2018 19:19
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the only bezos stock i'm interested in is the fragrant water you get from boiling him alive
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Oct 2, 2018 19:21
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H.P. Hovercraft posted:jeff pozzos joke greenpos
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Oct 2, 2018 19:22
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GenJoe posted:you'd also have to tie 10% of your salary into the program which is probably going to be difficult if you're living off of 15/hr yeah that's also true. espp can be a really good deal if you can afford to chip in, especially if you can hold for a year to get the preferred tax treatment, but both of those are pretty unlikely for hourly workers
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Oct 2, 2018 19:31
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H.P. Hovercraft posted:the only bezos stock i'm interested in is the fragrant water you get from boiling him alive
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Oct 2, 2018 19:32
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H.P. Hovercraft posted:the only bezos stock i'm interested in is the fragrant water you get from boiling him alive i'd be okay with these jeff bezos stocks 
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Oct 2, 2018 19:36
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Endless Mike posted:i'd be okay with these jeff bezos stocks was hoping for an amazon link best I could find was https://www.amazon.com/Home-Comforts-Prisoner-Punishment-Stretched/dp/B07H1DK7HF which is a nice amazonic listing
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Oct 2, 2018 19:41
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Endless Mike posted:i'd be okay with these jeff bezos stocks yo, can i get those prime? my bezos keeps bezosing into things. busted up my toilet pretty bad.
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Oct 2, 2018 19:54
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Soricidus posted:was hoping for an amazon link high quality stuff there home comforts
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Oct 2, 2018 20:24
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35 bucks for that thing drat
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Oct 2, 2018 20:25
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35 bucks for a small wall print of a stocks
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Oct 2, 2018 20:36
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so is this a bubble yet, is it gonna go ahead and collapse so i can buy a house and stop living in places w holes in the roof
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Oct 2, 2018 20:51
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once it collapses well all be living in places w holes in the roof
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Oct 2, 2018 21:03
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shovelbum posted:so is this a bubble yet, is it gonna go ahead and collapse so i can buy a house and stop living in places w holes in the roof when the housing bubble pops all cheap houses are getting bought up by investors to rent out, sorry
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Oct 2, 2018 21:04
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FCKGW posted:when the housing bubble pops all cheap houses are getting bought up by investors to rent out, sorry 
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Oct 2, 2018 21:12
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H.P. Hovercraft posted:also amazon is obviously doin this as a union busting method this shows how effective unions are since you can get some of the benefits simply by having execs think about them
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Oct 2, 2018 21:16
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shovelbum posted:so is this a bubble yet, is it gonna go ahead and collapse so i can buy a house and stop living in places w holes in the roof you can buy cheap real estate in loads of places nobody wants to live. prices where people want to live will always be expensive.
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Oct 2, 2018 21:20
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MononcQc posted:this shows how effective unions are since you can get some of the benefits simply by having execs think about them
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Oct 2, 2018 21:22
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mystes posted:As much as Bezos hates his workers, he would probably literally rather pay them $100/hr than have to ask a union for permission to do stuff. yeah but there are a bunch of worse things he's willing to try first
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Oct 2, 2018 21:27
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FCKGW posted:when the housing bubble pops all cheap houses are getting bought up by investors to rent out, sorry yeah iirc even after the last pop, people that were willing to sell at a lower price were flooded with offers from all kinds of people because suddenly they could afford it
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Oct 2, 2018 21:33
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i think it was in this thread we made fun of natural cycles the smartphone app + thermometer contraceptive that obviously didn't work at all. well it got fda approval this month so everyone keep an eye out for the scootenfruity over the coming quarters. apparently it's the only method of birth control beyond abstinence they're allowed to mention in title x clinics. unbelievable. https://www.newyorker.com/tech/annals-of-technology/the-unlikely-politics-of-a-digital-contraceptive
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Oct 2, 2018 21:48
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they awesome graft was all the investors would meet outside the courthouse before the auction and divvy up the foreclosures so they wouldn't bid against each other
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Oct 2, 2018 21:48
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Fuzzy Mammal posted:i think it was in this thread we made fun of natural cycles the smartphone app + thermometer contraceptive that obviously didn't work at all. well it got fda approval this month so everyone keep an eye out for the scootenfruity over the coming quarters. apparently it's the only method of birth control beyond abstinence they're allowed to mention in title x clinics. unbelievable. well we've gotta do somethin they're not makin white babbies anymore!!!1
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Oct 2, 2018 21:54
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