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Amazon investors nuke ethics overhaul and say yes to $212M CEO pay

theregister.com

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Re: Amazon investors nuke ethics overhaul and say yes to $212M CEO pay

#121

Post by avalys »

Kerrick wrote: post #105
ctvo wrote: post #4

> Jassy's executive compensation package, which is tied to Amazon stock price and mostly delivered as stock awards over a multi-year period, was $212 million in 2021. They used "multi-year" here over the actual timeline: 10 years. It sounds a lot less outrageous that his pay is heavily based on the stock price and comes out to be ~21 million a year as the head of one of the largest tech companies in the world. Here a…

That $212 million was starkly contrasted by the next point in the article, that Warehouse workers typically make $15/hr. It would take about 7,000 years working that wage (full-time) to make the same $212,000,000. It's still a _huge_ gulf, whether the CEO's compensation is in one year or one decade.

Amazon has 950,000 of those warehouse workers. If you completely zeroed out Jassey’s stock $212 million stock award and instead distributed it among those workers, their hourly rate would change from $15 / hour to $15.01 per hour.

Re: Amazon investors nuke ethics overhaul and say yes to $212M CEO pay

#122

Post by throwaway0x7E6 »

ciabattabread wrote: post #110
evandale wrote: post #90

Earlier quoted context omitted.

>It's really starting down a bad path when we start asking megacorps to do the government's job. IMO it's even worse than that. Not only do we expect corporations to do the government's job, we're also giving corporations more power than we give governments. Just look at the "it's a private company they can censor whoever they want!" crowd. They actually believe companies who control over half the content we're expos…

What aspect of “private company” do you not understand? No shit they have the power to censor on the platforms they control.

why do we have this thread then, and countless more like it?

no shit, private companies have the power to set the compensation to whatever the fuck they want. end of story

Re: Amazon investors nuke ethics overhaul and say yes to $212M CEO pay

#123

Post by actually_a_dog »

weezin wrote: post #97

21 million per year, which wouldn't even make him a top 10 paid NFL quarterback and people are complaining about his pay for running one of the biggest companies in the world. If anything he is underpaid compared to other large tech company CEOs. People really just want to be outraged.

Have you considered that maybe NFL quarterbacks and public company CEOs are both overpaid, but people just like quarterbacks more? After all, I'm pretty sure Aaron Rodgers never laid off nearly 1000 people via a mass Zoom webinar.

Re: Amazon investors nuke ethics overhaul and say yes to $212M CEO pay

#124

Post by anonporridge »

ciabattabread wrote: post #110
evandale wrote: post #90

Earlier quoted context omitted.

>It's really starting down a bad path when we start asking megacorps to do the government's job. IMO it's even worse than that. Not only do we expect corporations to do the government's job, we're also giving corporations more power than we give governments. Just look at the "it's a private company they can censor whoever they want!" crowd. They actually believe companies who control over half the content we're expos…

What aspect of “private company” do you not understand? No shit they have the power to censor on the platforms they control.

It's perfectly understandable that a private company has the right under the current laws to do that.

But that doesn't mean we can't have the social conversation over whether that's a reality we want to perpetuate. A tiny number of private companies have de facto control over what information the masses get exposed to, and to a lot of people, myself included, that just seems like an incredibly unhealthy state of affairs in the project towards an ever more vibrant civilization. We have the right to talk about it and decide to try to change the law.

Re: Amazon investors nuke ethics overhaul and say yes to $212M CEO pay

#125

Post by avalys »

bluetidepro wrote: post #100
weezin wrote: post #97

21 million per year, which wouldn't even make him a top 10 paid NFL quarterback and people are complaining about his pay for running one of the biggest companies in the world. If anything he is underpaid compared to other large tech company CEOs. People really just want to be outraged.

> 21 million per year, which wouldn't even make him a top 10 paid NFL quarterback and people are complaining about his pay for running one of the biggest companies in the world. If anything he is underpaid compared to other large tech company CEOs. People really just want to be outraged. Or imagine this... they (athletes and CEOs) are ALL grossly overpaid. WOAH!! How out of touch with reality are you, if you think th…

How many people can you feed with one share of Amazon stock? Is it even edible?

Re: Amazon investors nuke ethics overhaul and say yes to $212M CEO pay

#126

Post by bumby »

avalys wrote: post #121
Kerrick wrote: post #105

Earlier quoted context omitted.

That $212 million was starkly contrasted by the next point in the article, that Warehouse workers typically make $15/hr. It would take about 7,000 years working that wage (full-time) to make the same $212,000,000. It's still a _huge_ gulf, whether the CEO's compensation is in one year or one decade.

Amazon has 950,000 of those warehouse workers. If you completely zeroed out Jassey’s stock $212 million stock award and instead distributed it among those workers, their hourly rate would change from $15 / hour to $15.01 per hour.

You're off by an order of magnitude, but the point still stands. Assuming 2k hours a year, the pay would raise by about $0.11/hr per warehouse employee or about $223 per year per employee.

Re: Amazon investors nuke ethics overhaul and say yes to $212M CEO pay

#127

Post by dopamean »

bluetidepro wrote: post #100
weezin wrote: post #97

21 million per year, which wouldn't even make him a top 10 paid NFL quarterback and people are complaining about his pay for running one of the biggest companies in the world. If anything he is underpaid compared to other large tech company CEOs. People really just want to be outraged.

> 21 million per year, which wouldn't even make him a top 10 paid NFL quarterback and people are complaining about his pay for running one of the biggest companies in the world. If anything he is underpaid compared to other large tech company CEOs. People really just want to be outraged. Or imagine this... they (athletes and CEOs) are ALL grossly overpaid. WOAH!! How out of touch with reality are you, if you think th…

I never understand the arguments against high pay for professional athletes. They are largely union organized labor. Their pays is directly tied to how much money their league is bringing in in revenue (mostly TV deals). If they don't get paid that money then that money goes to the already incredibly wealthy owners of the team. Does that make more sense?

Re: Amazon investors nuke ethics overhaul and say yes to $212M CEO pay

#128

Post by avalys »

bumby wrote: post #126
avalys wrote: post #121

Earlier quoted context omitted.

Amazon has 950,000 of those warehouse workers. If you completely zeroed out Jassey’s stock $212 million stock award and instead distributed it among those workers, their hourly rate would change from $15 / hour to $15.01 per hour.

You're off by an order of magnitude, but the point still stands. Assuming 2k hours a year, the pay would raise by about $0.11/hr per warehouse employee or about $223 per year per employee.

The $212 million is over 10 years, so there is your order of magnitude.

Re: Amazon investors nuke ethics overhaul and say yes to $212M CEO pay

#129

Post by weezin »

krainboltgreene wrote: post #116
vhgyu75e6u wrote: post #109

Earlier quoted context omitted.

How much money has Tom Brady or Jassy made for the patriots/Amazon due to their leadership? If they brought 500M then 25M seems fair.

Tom Brady did actual work for his team, a CEO does not do $500M worth of work. If there were no employees other than the CEO then the $500M doesn't get made.

> CEO does not do $500M worth of work

The decision to make AWS created 100s of billions of dollars of value. CEO decisions can make and break companies.

> If there were no employees other than the CEO then the $500M doesn't get made.

Right, and if Tom Brady doesn't have receivers to throw to he doesn't win any super bowls. It is the leadership that can create massive amounts of value.

Re: Amazon investors nuke ethics overhaul and say yes to $212M CEO pay

#130

Post by bumby »

avalys wrote: post #128
bumby wrote: post #126

Earlier quoted context omitted.

You're off by an order of magnitude, but the point still stands. Assuming 2k hours a year, the pay would raise by about $0.11/hr per warehouse employee or about $223 per year per employee.

The $212 million is over 10 years, so there is your order of magnitude.

Ah, good point. Thanks for correcting
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