How can they get paid 50% less when share prices drop by 35%? Can't get past the paywall.
Amazon does a weird thing where the mix of stock to cash varies by tenure. So, someone might have been at 85% cash 15% stock in year 1, but are now at 50% cash, 50% stock. So they're getting more stock now than in earlier years.
Sure, but even if stock was 100% of their comp, and the stock went down 35%, they're only down 35% -- not 50%. That's the point GP is making.