111–120 of 149 posts
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My total comp this year is upwards of $250k, but basically I got shafted Only in our industry...
If the person did 1 mil dollars worth of work, but only got compensated a quarter of a mil, isn't that getting shafted? Just because the numbers are bigger, doesn't mean it is less deserving of being fair.
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There is no required paid leave in the US. No paid vacation, no paid sick leave, no paid parental leave. *edited a typo.
> paternal Parental? Maternal leave is also unpaid AFAIK.
Sears' huge pension liabilities was cited as one of the main reasons that prevented any possible re-structuring that could have saved the company when it was declining and heading to bankruptcy... I mean, let's be realistic here. For how long was Sears in this pitiful state?... Getting all that real estate + semi-established brand was a private equity's wet dream, yet nobody ever contemplated that option. And now tha…
> Wanna increase salaries and stock grants? Sure, do it. Two quarters later Wall Street will fuck you up because your new shiny compensation model just shaved the company revenue. ... So that 5% of lost revenue is going to cost you 20% or 30% of market value, and now all those stock grants are 30% less valuable. So your great initiative just put you in a negative spiral. This basically, is what people mean when they…
I joined Amazon as an SDE 1 in early 2015. I was promoted to an SDE 2 in q4 2016. I just was promoted this year to SDE 3. Hard work, navigating to the right projects, and managing both upwards and down... senior and junior people on my part... I feel a bit ripped off. I'm not sure I would have wanted to get promoted knowing where my comp now falls. The thing I'm unhappy about is that my target comp isn't actually tha…
Generally, every American who makes less money than they deserve, has two choices: (1) Find a way to make more money. (2) Appeal to the sense of fairness to get sympathy from the community. Sadly, according to US federal law (4 U.S.C. §§ 888), anyone who earned a total compensation in excess of 7 times national average individual median income, loses the right to option (2). Any attempt to exercise it will result in…
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> paternal Parental? Maternal leave is also unpaid AFAIK.
I think I typed parental and went "no, the other one" and changed it to paternal. My mistake.
I joined Amazon as an SDE 1 in early 2015. I was promoted to an SDE 2 in q4 2016. I just was promoted this year to SDE 3. Hard work, navigating to the right projects, and managing both upwards and down... senior and junior people on my part... I feel a bit ripped off. I'm not sure I would have wanted to get promoted knowing where my comp now falls. The thing I'm unhappy about is that my target comp isn't actually tha…
Earlier quoted context omitted.
One can also argue that rising minimum wages directly benefit the economy as this money will be immediatly consumed. Giving $10 to a poor person will result in $10 more goods and services demand. Giving $10 to a very rich person will probably make 1/10th of a share change hands and have no effect on the real economy whatsoever.
This argument is a fallacy because it implies that money not spent is wasted somehow, but that is opposite of the truth, that savings underpin investment and thus growth.
Google "asset price bubble" and compare this to the general inflation.
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The exact definition of a full time salaried position, as defined by the federal government, is 2087 hours per year, FYI. Why such a weird number? Because it takes leap years into account: 365.24 × 5/7 × 8
Is there no legal minimum number of paid vacation days in the US?
Yeah I remember Bernie Sanders praised Amazon's decision in a tweet, but only later did people and the media realize that increasing the minimum wage came at a cost to other things, such as stock compensation. no free lunch guys.
Sears' huge pension liabilities was cited as one of the main reasons that prevented any possible re-structuring that could have saved the company when it was declining and heading to bankruptcy... I mean, let's be realistic here. For how long was Sears in this pitiful state?... Getting all that real estate + semi-established brand was a private equity's wet dream, yet nobody ever contemplated that option. And now tha…
In many countries, it is illegal to under-fund your pension scheme for a significant length of time which avoids this problem. At any given time you can close the scheme and switch people to DB without a massive liability overhang that you need to close. Eddie Lampert whined extensively about how hard the pension problem was making things for him. In a sense that is trivially true - extensive liabilities make it hard…
In the U.K. Gordon Brown made it illegal to over-fund a pension, leading many companies to have to take “contribution holidays” when markets were buoyant. Surprise surprise, when markets went down not only were the plans underfunded, there was no spare cash to make up the shortage. One of the many blunders of the worst Chancellor in living memory.