Amazon increases Salary Cap to $350,000 for office workers

BigMoneyGrip

I'm Lamont's pops
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Of course, we have a defeatist crab in this thread spreading bad energy and defeat. There are black folks at those firms. there is even one or two that post here.

it’s not being defeatist its recognizing what it really is.. 1 or 2 black folk at those companies ain’t changing shyt
 

Anno Domini

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:ohhh:

This going to have the other FAANG companies mad as fukk

Not really. Amazon is known for having shyt pay compared to those other companies. All of them already have salary caps that high if not higher. Keep in mind Amazon's salary cap applies to ALL workers. Even Jeff Bezos as the CEO was only making 160k for his base salary.
 

PrnzHakeem

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Not true....you get on the actual sale later...thats what happens to me

All stock compensation is subject to fed and state income taxes. They dont withhold shares for taxes as part of the distribution? They just giving you a raw distribution and letting you pay the tax obligation as you please? That technically would be considered a loan by the company to an employee.

I was a stock plan administrator at my last gig as part of my Executive Compensation duties. IDK any company that would do it that way.

edit: article linked in OP just hit my team's slack channel. :martin:
 

JT-Money

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This gonna put pressure on my leadership....im spreading this article all over right now
It's only gonna put real pressure on Management if key employees are willing to jump ship. I've gotten double digit increases once Management panicks over a few key defections.
:mjlol:

I just jump shipped last fall and would do it again this Summer if the market is still Hot.
:wow:
 

Silver Surfer

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All stock compensation is subject to fed and state income taxes. They dont withhold shares for taxes as part of the distribution? They just giving you a raw distribution and letting you pay the tax obligation as you please? That technically would be considered a loan by the company to an employee.

I was a stock plan administrator at my last gig as part of my Executive Compensation duties. IDK any company that would do it that way.

I have only taken a hit tax wise when I have sold a share....when they are distributed and sit in my brokerage account....nothing

The raw number I see on paper is usually Whats distributed....maybe they are playing with the raw number...

With all that said....I don't give a fukk....on 3/23 they dropping 42k on ya boy!!!!

We gon be in Cartagena...DR....Costa Rica...they gon call me Francisco Pizarro...don't ask me how
 

L&HH

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Ever since that NY times article about how the corporate office is similar to the Hunger games Amazon reputation amongst Tech Talent has been in the dumpster
Them and Facebook reputation amongst top tech talent is trash. A lot of those ppl don’t wanna work for them for any amount (Facebook more so for social and political reasons?
 

PrnzHakeem

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I have only taken a hit tax wise when I have sold a share....when they are distributed and sit in my brokerage account....nothing

The raw number I see on paper is usually Whats distributed....maybe they are playing with the raw number...

With all that said....I don't give a fukk....on 3/23 they dropping 42k on ya boy!!!!

We gon be in Cartagena...DR....Costa Rica...they gon call me Francisco Pizarro...don't ask me how

Yeah, I'm talking about when it switches from your company equity plan to your individual brokerage account. They chopping 30% off top before it hits your brokerage account.

Congrats on the distribution. I'm waiting to see what my 2022 RSU grant is looking like.
 

boriquaking

In Sauce We Trust!
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Don’t speak to your pops like that you flaming faggit… I should’ve kicked your mother in the stomach that worthless bytch
You just asked another man on the internet to suck your dikk. Don’t bring up fathers, I know you were fatherless you useless sack of shyt
 
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