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just buy the stock, which keeps going up....this is effectively the same as a raise. Profit that would go to employees goes to shareholders. It's like a conservation law.
Buying stock does not magically eliminate the need for a raise.
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Just like us engineering workers have groups and forums where we share ideas so do ceo workers. They want to keep their bosses, the shareholders, happy and so they share ideas. Right now layoffs are so hot, and as ceos dont innovate much that’s the trend they follow. No need for illegal backchannels. Just a cool trend. I just hope that those layer off workers that are lucky and smart enough are working on replacement…
When you’re an executive of a publicly traded company, coordinating with other executives at publicly traded companies like this can be illegal. Executive management aren’t workers.
It being illegal doesn't mean it doesn't happen. Or even it doesn't happen a ton.
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Dividends should be a sign that a company has excess cash and can't find a good place to invest it. Paying a dividend while asking workers to take a pay freeze signals they don't believe the workers are returning enough value to justify paying them more.
What are stock buybacks, then? They're more employee hostile than dividends, that's for sure.
just buy the stock, which keeps going up....this is effectively the same as a raise. Profit that would go to employees goes to shareholders. It's like a conservation law.
You realize that the stock could've been bought with or without the raise? Buying stock does not magically eliminate the need for a raise.
They said that as an employee you can buy the stock and see yourself a slight raise in that regard. If an internal raise isn't on the cards.
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You realize that the stock could've been bought with or without the raise? Buying stock does not magically eliminate the need for a raise.
I don't think they said that. They said that as an employee you can buy the stock and see yourself a slight raise in that regard. If an internal raise isn't on the cards.
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just buy the stock, which keeps going up....this is effectively the same as a raise. Profit that would go to employees goes to shareholders. It's like a conservation law.
Because if the company goes under you lose your job, and your savings at the same time. In other words it consolidates risk rather than diversifies it.
But honestly the idea that you don't need a raise but rather invest and wait for a dividend return is bonkers. Those are to completely unrelated things.
By all means invest. There are lots of stocks to choose from. But that's completely orthogonal to your salary package.
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How exactly is it a 'natural reversion' when even high performing employees are now effectively taking a massive pay cut due to the salary freeze and inflation?
> high performing employees are now effectively taking a massive pay cut due to the salary freeze and inflation? If any “high-performing employee” feels like they are taking a “massive pay cut” merely due to inflation, then something is wrong. Either they were grossly underpaid to begin with (change jobs, it can be done if you’re that good and that low paid), they aren’t actually that good (so total comp package, inc…
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FWIW I switched from FAANG to trading last year and got a pretty big comp increase. I was entertaining an offer from another FAANG at the same time and it was still nothing compared to my offers in trading.
Wanna share some ballpark numbers? It'll bolster your statement a bit and grounds the claim from others with similar experiences