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Stock options should be for a select few, relative to the half million, who make the greatest contributions to Amazon’s goals. One of my buddies works for Amazon and he makes the warehouse workers look lazy with the hours he works and pressure he endures. Maybe I’ll ask for his opinion the next time we talk.
I would love to hear it. I follow Amazon like a cat tracking a nearby mouse. — I even interviewed several of the employees at WFM a couple months after they were acquired. My finding was about 50/50 for/against the takeover. About 1-2 years ago I polled WFM employees and they were 100% positive about their jobs when WFM was a separate entity. (I think there was some disturbance in the market industry at the time, affecting other grocers but not WFM. I think it had something to do with unions, and WFM wasn't unionized.)
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Originally Posted by k7baixo
They really need to rethink the removal of performance incentives. They’ll bite them in the end I bet.
That was my thought too, de-incentivizing their most innovative and highest performing staffers, the geese who lay the golden eggs.
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Originally Posted by Tencent
Bezos lately making 50% smart and 50% dumb business decisions. Eventually it's going to catch up with him because the ratio of dumb-to-smart has been increasing.
I'm a bit more kind in my opinion of Bezos, but he is certainly making some dumb decisions. The current topic is IMO one of the dumb decisions.
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Originally Posted by Sassybluesy
Huh. I know a bunch of the guys that work in our warehouse where I work. Most of them have their side hustle. They aren't dumb.
We're a Fortune 500 company, with awesome benefits, and we're one of the top 100 companies people love to work at. Most of us know we landed at a great place.
You're talking about youth. Youth ANYWHERE want their cars, tatoos, don't have families so they don't care about cooking, etc.
Obviously this move benefits the young (lower wage earners) and at least maybe they will be less inclined to change jobs.
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Originally Posted by dijkstra
Pretty funny how Amazon spun this for publicity while at the same time behind closed doors they calculated how it would actually save them money. Pay them more per hour but take away the incentives resulting in paying them less. They are probably still laughing in the corporate office.
I think it's the high earning employees who will be hurt, and often low wage earners spend their money unwisely. They may prefer to take the cash instead of the incentives.
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Originally Posted by vision33r
If you don't meet their work requirements you'll be let go at Amazon. That $15hr is nothing when they work you like a robot. Amazon makes workers compete with their robotic machines.
Amazon (or any employer) does not like having to hire replacements. At this skill level you learn on the job, and you're not productive enough to carry your water until a few or several months.
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Originally Posted by High Altitude
They have 350,000 employees making under the $15/hr new minimum wage.
It is way more important for Amazon to be able to attract a mass amount of people, than keep the few high performers happy with bonuses and stock options.
Those low wage employees are everything to Amazon. They need 100s of thousands of low wage people to get the product out the door. Without those people, Amazon is done for, at least until automation/robotics takes over more.
Basically the high performers subsidized everyone else, but Amazon really didn't have much choice. They don't need a small handful of high performers, they need massive amounts of people to just show up, and what they where paying wasn't cutting it.
I worry about high performer flight. Innovation is Amazon's middle name (tapping revenue streams is their last name), and I hope the high performers stay.
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Originally Posted by Jobster
What's the play?
Raise wages, force others to raise wages to retain. Other go out of business, replace human labor with robots.
IMO the play was PR. It's well known Bezos is a liberal. I think this whole thing is for the benefit of the public, PR, kissing up to liberals.
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Originally Posted by PCALMike
Doubtful. Worker turnover is ridiculous in that field. I bet the vast majority of workers there would take the $15 instead of destroying their health and wellbeing working there for decades.
Of course any business org chart resembles a pyramid. This move is Bezos ensuring that the pyramid's foundation is solid, and as I said earlier, kissing up to PR and to liberals.
It appears to me that $15/hour is the coming thing, and most or all businesses will adopt this new standard. I'll laugh when McDonald's replaces their hamburger flippers with robots, and starts charging $10 for a Big Mac.
There will come a day when he's dead. When that happens, the world will be a better place.
I agree - sure wish something would happen soon.
In the meantime, the slaves, erm, workers, I mean, need to form a union and go on strike. During holiday season. And refuse to go back to work until they get paid $30 an hour. Mr. $150 billionaire can afford it.
In the meantime, the slaves, erm, workers, I mean, need to form a union and go on strike. During holiday season. And refuse to go back to work until they get paid $30 an hour. Mr. $150 billionaire can afford it.
And almost all that wealth you and your pointing, grunting, slobbering lynch mob are planning on seizing and "redistributing" is represented by the artificially high market price of Amazon stock; the other assets (land, buildings and inventory) are little more than a drop in the bucket, and if the looters in Left Field ever could come up with a plan to confiscate it, it would evaporate in no time.
Amazon common stock has a current market price of $1755 per share
Its book (hard asset) value is about $72 per share
The rest is just "speculative interest" -- and sooner or later, it will "tank"
At one time or another, most of the "bloom" comes off every hot growth stock; it has happened to Xerox, IBM, Winnebago, Playboy, and WalMart, and it will happen to Amazon (and Google, for that matter). At that point, a new base will be built for additional, longer-term growth at a slower rate, and the institutional investors -- the endowments, pension funds and philanthropies, who won't buy at the high price. will get a bargain (because they can expect to be here thirty years from now, and most of us can not),
Those who sell their rights (the shares are not immediately tradeable, but there is a "liquidation option") early may feel they've got the last laugh at the time, and they might well have for quite a while, but in the end, it all boils down to an individual's, and/or his/her family's faith in their own futures.
Even Hillary Clinton knows that, and Uncle Bernie might (if so, he's the biggest hypocrite of them all).
Last edited by 2nd trick op; 10-10-2018 at 05:19 PM..
Its book (hard asset) value is about $72 per share
Does that include their money stream? I hear a shark will drown if it stops swimming.
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