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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

#131

Post by quantum_magpie »

actually_a_dog wrote: post #123
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.

I'd guess that it's also significantly harder to be top handegg player than a software firm ceo.

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

#132

Post by nemothekid »

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…

>Or imagine this... they (athletes and CEOs) are ALL grossly overpaid.

No, athletes are paid what they deserve. That wasn't always the case, they got it through collective bargaining and it took strikes to make it happen.

The average warehouse worker does not have this option, and the entire government/media/corporate apparatus is designed to make collective bargaining as difficult as possible. The difference between a warehouse worker and an NFL player warming the bench is that one has a union, with teeth, that has fought for his fair share.

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

#133

Post by bumby »

justapassenger wrote: post #117
bluetidepro wrote: post #100

Earlier quoted context omitted.

> 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…

> Or imagine this... they (athletes and CEOs) are ALL grossly overpaid. WOAH!! Pay is a function of scarcity and value they bring. > How out of touch with reality are you, if you think that's acceptable for any human to make that kind of money when majority of the world can hardly afford food. Livable conditions for all humans have nothing to do with how to compensate top of the of the top people in their profession.…

>Pay is a function of scarcity and value they bring.

Small nit pick, but it's a function of perceived economic value, which I think is where some of the outrage comes from.

For example, someone may provide a lot of unperceived economic value and not be paid accordingly or they may provide a high level of societal value, but relatively low economic value and not be paid well.

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

#135

Post by evandale »

throwaway0x7E6 wrote: post #122
ciabattabread wrote: post #110

Earlier quoted context omitted.

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

This reply is pretty hilarious when I think about it.

It makes me wonder how much overlap there is between the "private companies can censor who they want" crowd and the "CEO salaries should be capped" crowd.

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

#136

Post by bumby »

vhgyu75e6u wrote: post #109
bluetidepro wrote: post #100

Earlier quoted context omitted.

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

Is there a consensus on the value of leadership? I know there is some research for and against the idea that executive leadership has a meaningful impact on value creation.

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

#137

Post by dehrmann »

boeingUH60 wrote: post #27
RONROC wrote: post #12

[flagged]

The problem is who gets to define what is "fair"? I have similar qualms about an athlete who nets $46 million per year [1] for shooting balls into a basket. But, then, who am I to decide his "fair" pay? His club obviously thinks he's worth that… 1 - https://hoopshype.com/player/stephen-curry/salary/

> His club obviously thinks he's worth that…

Between more ticket sales, higher ticket prices, playoff tickets, more merch sales, and possibly better TV revenue, a player that good can absolutely be worth it.

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

#138

Post by MisterPea »

VikingCoder wrote: post #37

Man, I can't even imagine how much better Amazon will perform, than if they'd hired a CEO who was willing to work for just $211m. EDIT: If someone has a more recent, or somehow better, graph than this one [1], then I'm all ears. [1] : https://slate.com/business/2014/07/ceo-pay-for-performance-t...

?? There's a handful of people in the world with the level of insight into amazon's internals as Jassy has.

And compared to most in the article, Jassy's comp is very shareholder friendly. He's paid 99% in RSUs - his income already dropped about a third from when the comp was agreed.

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

#139

Post by mrep »

nemothekid wrote: post #132
bluetidepro wrote: post #100

Earlier quoted context omitted.

> 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…

> Or imagine this... they (athletes and CEOs) are ALL grossly overpaid. No, athletes are paid what they deserve. That wasn't always the case, they got it through collective bargaining and it took strikes to make it happen. The average warehouse worker does not have this option, and the entire government/media/corporate apparatus is designed to make collective bargaining as difficult as possible. The difference betwee…

> The difference between a warehouse worker and an NFL player warming the bench is that one has a union, with teeth, that has fought for his fair share.

No, the difference is that NFL makes a ton of money per player and they only want the best so the supply is extremely limited whereas basically anyone can work in a warehouse so there supply is basically infinite.

If warehouses paid NFL wages, nobody would spend like 10 years practicing for the minuscule chance they get into the NFL and make NFL wages.

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

#140

Post by falcolas »

yowlingcat wrote: post #55
falcolas wrote: post #24

Earlier quoted context omitted.

Amusing. The purpose of a company was originally exactly that: to employ people and provide services and value to the community they existed in. I mean, this is still the exact reason politicians cite when providing incentives to companies - bringing jobs to their cities/states. I'm pretty sure I don't like this new definition; it feels like it's based on greed, not value.

That's not historically accurate. Historically, the purpose of a company was to be a vehicle that a passive partner could invest capital into an enterprise providing a return on investment, such that an active partner (who did not) could manage it [1]. I do not see historical support for your claim that the purpose of a company was "to employ people and provide services and value to the community they existed in" eve…

https://corpgov.law.harvard.edu/2020/05/27/on-the-purpose-of...

The purpose of a corporation is to conduct a lawful, ethical, profitable and sustainable business in order to create value over the long-term, which requires consideration of the stakeholders that are critical to its success (shareholders, employees, customers, suppliers, creditors and communities) ...

https://www.aspeninstitute.org/programs/business-and-society...

Business corporations are perhaps the most influential organizations in society and have long been recognized as important contributors to the common good. Society grants corporations unique privileges in order to harness their great capacities to serve its needs.

https://www.ft.com/content/482a8435-c04c-4be8-9856-941e7ecf1...

... it would abandon shareholder primacy and redefine corporate purpose to create an economy that “serves all Americans”.

https://hbswk.hbs.edu/item/the-role-of-the-corporation-in-so... :

... scholars Berle and Means (1932) predicted ... both owners and "the control" accepting public interest as the objective of the corporation.

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