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Amazon staff might get paid 50% less because shares have fallen so much

(fortune.com)
66 points colanderman | 1 comments | 21 Feb 23 23:29 UTC | HN request time: 0.234s | source
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spacephysics ◴[22 Feb 23 00:20 UTC] No.34889736[source]▶
Wait, so share prices move? /s

It’s the nature of a compensation package. Part of it is risk. If you didn’t adjust for risk during negotiating your pay, or was expecting more purely from past performance of the stock, that’s on them

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whatever1 ◴[22 Feb 23 00:25 UTC] No.34889787[source]▶
The company was not giving raises when the stock was going up with the rationale that there is a compensation target that was exceeded.

Now that the compensation is way below the target the company is silent.

So 0 risk for the company, all the risk goes to the employees.

And btw the stock that AMZN was giving to the employees was coming out of thin air. Not from buybacks. So they were compensating people with dilution ?

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1. willio58 ◴[22 Feb 23 00:37 UTC] No.34889879[source]▶
I don’t think that’s how this works. Amazon doesn’t print money when they give employees stock. They give x% of the company as stock (where x is a really really small number). They might give less or more depending on a number of factors, but buybacks are unrelated to that.