God, that's bleak
DeltaTangoLima
How are they retaining staff?
They retain them for the 4-5 years it takes for signing cash and signing stock units to all run out, at which point many people start to get itchy feet.
Yeah - they call it URA, for "unregretted attrition". Tell me that doesn't sound like a shitty way to manage your people.
You know, at some point, you gotta assume they'll eventually hire and fire/lose all the usable talent they have access to, and shit like this will prevent them finding new talent. Until some exec "invents" WFH as a perk...
Oh, sure. I get that. Sending yourself reminders is absolutely understandable. Sending yourself documented evidence of your plans to defraud someone is entirely different.
In a 2017 email to himself, Smith calculated that he could stream his songs 661,440 times daily, potentially earning $3,307.20 per day and up to $1.2 million annually.
Great idea, but why would you email yourself about it?
Isn't the picture from Logan?
Edit: oh, it's called johntucker.jpg.
lol - what abuse? He said these things in an earnings presentation, probably to board and investors.
All I'm saying is that the headline itself smacks of outrage reporting, and there's no more substance in the article itself to add context to what he said, and how. So, I choose to engage a little critical thinking and consider that he might have been responding to a investor question along the lines of, "This is a mining company - why the fuck are you spending money on a restaurant and childcare centre?".
And I don't see any evidence anywhere that his people are enduring shit jobs. Their building has a restaurant, a gym and a childcare centre. Putting aside his choice of words, it sounds like he's investing heavily in trying to alleviate employee pain points, so he gets the best out of them. I'm not seeing anything anywhere where he's forcing people to work long hours, or for shit pay, or under any number of other shitty circumstances.
Like I said: outrage reporting.
Later in the same comment I mention how I think social media only benefits the corporations that run it.
It’s pretty clear what I meant.
Honestly, this headline is outrage reporting at its finest.
It sounds to me like this guy was simply paraphrasing (in an earnings call) his desire to encourage people to stay in the office for a more complete day. He's backing that up by alleviating a lot of the reasons for people to spend time away from the office: restaurant, gym, and even a childcare centre with doctors and nurses.
It's not like he's locking the doors until 5pm each day.
Well, that’s probably because he’s hit the cap on base salary. After a certain point in Amazon, the majority of your income at Amazon is derived from shares.
That said, after the signing shares are yours after the first 4-5 years, you’re down to the yearly grants they hand out, which come the year after they were granted, in quarterly amounts.
Also, if your brother is high up, he probably got more shares this year than usual, as Amazon announced that only certain levels and below were getting salary increases. Higher up only got shares.