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grenada
Apr 20, 2013
Relax.

drk posted:

Intel cut his stock options a couple months ago already, now has to hit

$74.47/share to receive "performance" based stock options
$148.95/share to receive "outperformance" based stock options

(current price today is $29)

SEC filing for nerds: https://www.sec.gov/ix?doc=/Archives/edgar/data/0000050863/000119312522290385/d310344d8k.htm

I'm sure his total comp is still pretty high though

How long does it have to stay above the target for the CEO to receive the bonus?

It seems like the CEO is incentivized to juice the stock by whatever means necessary to achieve short term results with no long term planning.

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drk
Jan 16, 2005

laxbro posted:

How long does it have to stay above the target for the CEO to receive the bonus?

It seems like the CEO is incentivized to juice the stock by whatever means necessary to achieve short term results with no long term planning.

90 days, per the link

The performance target is +157% and the outperformance target is +413% from today's prices.

Given the size of Intel, accomplishing either and holding it for a quarter would probably mean an actual improvement in business, not just accounting tricks.

pseudanonymous
Aug 30, 2008

When you make the second entry and the debits and credits balance, and you blow them to hell.

drk posted:

90 days, per the link

The performance target is +157% and the outperformance target is +413% from today's prices.

Given the size of Intel, accomplishing either and holding it for a quarter would probably mean an actual improvement in business, not just accounting tricks.

Have you ever considered fraud?

DeadFatDuckFat
Oct 29, 2012

This avatar brought to you by the 'save our dead gay forums' foundation.


Guess I should've bought CVNA when kullamaggi called it out last week lol

Power of Pecota
Aug 4, 2007

Goodness no, now that wouldn't do at all!

I'm wondering whether to cash out of CCL now or keep letting it run

Agronox
Feb 4, 2005

Man this is one face-ripping rally. Pretty impressive.

I keep a watchlist of lovely deSPACs (just for fun) and many of them are up over 10% today.

Subvisual Haze
Nov 22, 2003

The building was on fire and it wasn't my fault.
It's beautiful, the dumbest crap is all rocketing to the moon. Bitcoin up around 50% in the last month, Tesla has almost doubled in price in the last month, Meta jumped 22% in one day on average earnings + announcement of a buyback, Intel atm trading higher than it was before it's awful earnings statement. Just the most beautiful fakest economy ever

Sand Monster
Apr 13, 2008

Sounds like we're back in Q4 2020 again.

drk
Jan 16, 2005
The current narrative seems to be recession cancelled but Fed cuts coming soon anyways. Futures markets are pricing in rate cuts starting this November.

Not sure why that means $CVNA should be up 208% this year, though

Relevant Tangent
Nov 18, 2016

Tangentially Relevant

doing the APE to AMC meme thing because it feels like GME and that was very lucrative

Surprisingly Dope
Jan 12, 2011

Lope burgs again
Stocks are BACK baby

Surprisingly Dope
Jan 12, 2011

Lope burgs again
can i get calls on APE?

Toalpaz
Mar 20, 2012

Peace through overwhelming determination
can I interest you in selling calls on nope?

q_k
Dec 31, 2007





Toalpaz posted:

can I interest you in selling calls on nope?

Down 50% since September.

Noble-Impact Capital posted:

Strategy

The process is designed to actively identify and capture investment opportunities over global market cycles and across regions, sectors and factors.

An ETF built on the philosophy of saying NOPE to passive investing, NOPE to ignoring valuations, and NOPE to asset bubbles

4/20 NEVER FORGET
Dec 2, 2002

NEVER FORGET OK
Fun Shoe

MetaJew posted:

Better to pay that dividend and CEO salary than have employees actually designing products for you.


I've worked for Intel for 24 years and been around for all of the crazy cost-cutting measures they take during times like this. Out of all of the things they cut, the only thing I'm mad about is dropping the match from 5% to 2.5%. They've been steadily making our retirement benefits worse over the years, so I doubt this will get reversed unless we have some crazy amount of attrition and can't keep good people.

We just did a LOT of hiring, and those new people now have no hopes of getting a raise, bonus, etc. Part of me wonders if it's an intentional move to see how many people will quit.

I'm part of the hiring team for one of the fabs and the speed at which we went from hiring anyone with a pulse to absolutely slamming the brakes and stopping everything is something I have not experienced in my career.

yummycheese
Mar 28, 2004

anecdotally I’ve seen a reduction retirement benefits across the board. 401k match seems like one of those things companies don’t automatically offer anymore and infact when switching jobs it pays to keep a close eye out for the fine print.

new’ish small corps might not offer it and even then their 401k offerings might be terrible (my company’s 401k options all have borderline unacceptable fee’s and the returns are terrible)

Baddog
May 12, 2001

yummycheese posted:

anecdotally I’ve seen a reduction retirement benefits across the board. 401k match seems like one of those things companies don’t automatically offer anymore and infact when switching jobs it pays to keep a close eye out for the fine print.

new’ish small corps might not offer it and even then their 401k offerings might be terrible (my company’s 401k options all have borderline unacceptable fee’s and the returns are terrible)


How does this work, are these poo poo 401K managers actually paying companies to let them in now? Because it seems like a no brainer for people to just go with fidelity or vanguard, and they can't be that expensive, right?

Elephanthead
Sep 11, 2008


Toilet Rascal
I have a solo 401k and it costs nothing. I can buy most things you can buy through Charles Schwab but some options are a no no.

Pretty sure they will do any size company for free.

xgalaxy
Jan 27, 2004
i write code

yummycheese posted:

anecdotally I’ve seen a reduction retirement benefits across the board. 401k match seems like one of those things companies don’t automatically offer anymore and infact when switching jobs it pays to keep a close eye out for the fine print.

new’ish small corps might not offer it and even then their 401k offerings might be terrible (my company’s 401k options all have borderline unacceptable fee’s and the returns are terrible)

I recently switched jobs and my new companies 401k is absolute poo poo and I wish I asked to see the investment options before accepting.
I got really spoiled by my old employer who had all really amazing Vanguard options.

My new employer I can choose from a set of target date funds, or high fee managed funds.
I asked HR if they’d offer more options like at least letting me invest in a low fee S&P500 index and was told "we don’t want employees picking high risk investments on their own, if you want a tailored approach use these [high fee] managed funds instead".

On the okay side they allow after tax contributions and automatic in-plan Roth conversions.

Baddog
May 12, 2001

xgalaxy posted:

I recently switched jobs and my new companies 401k is absolute poo poo and I wish I asked to see the investment options before accepting.
I got really spoiled by my old employer who had all really amazing Vanguard options.

My new employer I can choose from a set of target date funds, or high fee managed funds.
I asked HR if they’d offer more options like at least letting me invest in a low fee S&P500 index and was told "we don’t want employees picking high risk investments on their own, if you want a tailored approach use these [high fee] managed funds instead".

On the okay side they allow after tax contributions and automatic in-plan Roth conversions.

That's the craziest goddamn thing to say. I guess you could pick the farthest out target date fund. That should be like 95% sp500, right?

MetaJew
Apr 14, 2006
Gather round, one and all, and thrill to my turgid tales of underwhelming misadventure!

4/20 NEVER FORGET posted:

I've worked for Intel for 24 years and been around for all of the crazy cost-cutting measures they take during times like this. Out of all of the things they cut, the only thing I'm mad about is dropping the match from 5% to 2.5%. They've been steadily making our retirement benefits worse over the years, so I doubt this will get reversed unless we have some crazy amount of attrition and can't keep good people.

We just did a LOT of hiring, and those new people now have no hopes of getting a raise, bonus, etc. Part of me wonders if it's an intentional move to see how many people will quit.

I'm part of the hiring team for one of the fabs and the speed at which we went from hiring anyone with a pulse to absolutely slamming the brakes and stopping everything is something I have not experienced in my career.

Yeah I worked there for ~10 years. The cuts to TComp, including the initially free 6% to retirement, and then a match, and then reducing the match is poo poo.

After being away from the company for 2 years I kept hearing that the Atom design team was hiring like crazy. (Anyone with a pulse isn't far off from what I gathered.)

I'm glad I didn't bother pursuing any of those jobs, because these lay offs and cuts would've really pissed me off.

I saw someone online say that they increased the rate of RSU vesting to quarterly instead of annually. I assume it still takes 3-4 years for an RSU to full vest though, right?

Edit: I guess I should mention that in those 10 years I think I was on 2.5-3 chips that actually taped out because Intel was absolutely awful at planning and execution. But I was also getting turbofucked by tons of manager churn so I never got promoted to a paygrade where EB, RSU grant, etc was meaningful at all.

Awful company, would not recommend working for. 2/10.

MetaJew fucked around with this message at 04:13 on Feb 6, 2023

Oscar Wild
Apr 11, 2006

It's good to be a G

xgalaxy posted:

I recently switched jobs and my new companies 401k is absolute poo poo and I wish I asked to see the investment options before accepting.
I got really spoiled by my old employer who had all really amazing Vanguard options.

My new employer I can choose from a set of target date funds, or high fee managed funds.
I asked HR if they’d offer more options like at least letting me invest in a low fee S&P500 index and was told "we don’t want employees picking high risk investments on their own, if you want a tailored approach use these [high fee] managed funds instead".

On the okay side they allow after tax contributions and automatic in-plan Roth conversions.

You can always roll over your ira into whatever brokerage you want. It's a manual process but there are always ways in the market casino o make your funds available.

GoGoGadgetChris
Mar 18, 2010

i powder a
granite monument
in a soundless flash

showering the grass
with molten drops of
its gold inlay

sending smoking
chips of stone
skipping into the fog
Oregon wants to be the worst of CA and WA at the same time, so bad

4/20 NEVER FORGET
Dec 2, 2002

NEVER FORGET OK
Fun Shoe

MetaJew posted:

Yeah I worked there for ~10 years. The cuts to TComp, including the initially free 6% to retirement, and then a match, and then reducing the match is poo poo.

After being away from the company for 2 years I kept hearing that the Atom design team was hiring like crazy. (Anyone with a pulse isn't far off from what I gathered.)

I'm glad I didn't bother pursuing any of those jobs, because these lay offs and cuts would've really pissed me off.

I saw someone online say that they increased the rate of RSU vesting to quarterly instead of annually. I assume it still takes 3-4 years for an RSU to full vest though, right?

Edit: I guess I should mention that in those 10 years I think I was on 2.5-3 chips that actually taped out because Intel was absolutely awful at planning and execution. But I was also getting turbofucked by tons of manager churn so I never got promoted to a paygrade where EB, RSU grant, etc was meaningful at all.

Awful company, would not recommend working for. 2/10.

Ah man, I'm sorry you had a bad experience. I've also been in positions where I've been turbo-hosed by management and it's never fun. A few years ago the company changed a lot about management for the company at my level and it's been really great. In 24 years, there's been a lot of ups and downs, but I've really enjoyed the ride. Before these announcements last week, you would have got a very rosy picture of working at the company if you had asked how it was going.

To answer your question, they did change the RSU structure so it pays out quarterly now, I believe to match what the rest of the industry. They also increased the maximum you can put into the SPP program from 5% to 15%, which is great.

Despite the economic conditions, it's still full steam ahead in the fab. Lots of new machines getting added, the company's attempt to catch up on process is serious.


GoGoGadgetChris posted:

Oregon wants to be the worst of CA and WA at the same time, so bad

agree sadly

Toalpaz
Mar 20, 2012

Peace through overwhelming determination
Bbby to da moon 🌝

FistEnergy
Nov 3, 2000

DAY CREW: WORKING HARD

Fun Shoe
F BBBY, all my homies hate BBBY

trash needs to get to the dump already

mongeese
Mar 30, 2003

If you think in fractals...
I bought $100 of BBBY a while back. I see that it almost doubled today! Now only down 76%.

Toalpaz
Mar 20, 2012

Peace through overwhelming determination
i hope you all exited bbby when i made that post because its wrothless again :)

Ragnar Gunvald
May 13, 2015

Cool and good.
LIPO is looking quite ripe, it's shorted into oblivion.

400% to borrow shares and it's about half it's IPO price too. Could pop off with any luck. I'm gonna dip my toes in a little and see where it takes me.

EDIT: looks like it already happened today and I missed it..RIP

Ragnar Gunvald fucked around with this message at 00:53 on Feb 7, 2023

Sand Monster
Apr 13, 2008

Toalpaz posted:

i hope you all exited bbby when i made that post because its wrothless again :)

I don't follow it -- why did it soar into close? I see there was a stock offering announced AH so that's presumably why it crashed back down, but why was it rising leading into close?

Elysium
Aug 21, 2003
It is by will alone I set my mind in motion.
Last year was the first year I've ever had any money in a taxable account (it's all just in a chunk of VTSAX), and I must say, it feels some kind of way to have to pay taxes on dividends of my stocks that are still down 9% on the year.

cirus
Apr 5, 2011

Sand Monster posted:

I don't follow it -- why did it soar into close? I see there was a stock offering announced AH so that's presumably why it crashed back down, but why was it rising leading into close?

Meme stock magic, lots of buying of a heavily shorted ticker

DeadFatDuckFat
Oct 29, 2012

This avatar brought to you by the 'save our dead gay forums' foundation.


Disinflationary process

Lets fuckin goooooo

e: oh poo poo

DeadFatDuckFat fucked around with this message at 19:38 on Feb 7, 2023

SKULL.GIF
Jan 20, 2017


DeadFatDuckFat
Oct 29, 2012

This avatar brought to you by the 'save our dead gay forums' foundation.


lol

BlackMK4
Aug 23, 2006

wat.
Megamarm
jesus christ, jim

Jows
May 8, 2002

Give credit where credit is due, it's just as hard to be wrong all time time as it is to be right all the time.

The Door Frame
Dec 5, 2011

I don't know man everytime I go to the gym here there are like two huge dudes with raging high and tights snorting Nitro-tech off of each other's rock hard abs.
Buy the dip!

Propaganda Hour
Aug 25, 2008



after editing wikipedia as a joke for 16 years, i ve convinced myself that homer simpson's japanese name translates to the "The beer goblin"

You think it takes luck to be this wrong? It takes years of fraught determination, tenacity, and skill through the bleakest of markets to be this wrong.

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Bremen
Jul 20, 2006

Our God..... is an awesome God
To be fair, the timescale of that chart is doing some really heavy lifting. It more than rebounded within three hours.

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