fukk Jeff Bezos. Amazon pays its median worker $28,446, according to CEO pay disclosure

[PrnzHakeem]

Cool, so is the other person who claims to currently work there
His break down made sense to me and the other engineers on the board given our experiences and other anecdotes.

Your example only makes sense if Amazon is giving out back dated stock grants that vest and distribute immediately. Which is unlikely.

 

[TRFG]

The article is accurate for full time workers. Its $12 an hour, I don't know why people think amazon be having their employees ballin.

Those arent skilled employees, just warehouse workers

 

[5n0man]

Those arent skilled employees, just warehouse workers

What's your point?

 

[5n0man]

No reason to doubt breh.. Amazon stock data is public knowledge

I picked a random date in 2014 and it was $386.....today it's $1556. You do the math on that if you want. (Google RSU if you don't know how they work, no snark)

Saw ur edit. His example pretty much had it at that with 450 rsus for year 4 offered which would make total comp $250k at 2014 prices (totally realistic Imo) but over $700k now in 2018 with the movement of the stock

Most workers receive 4 stocks after two years, managers receive like 15 stocks If I remember correctly.

 

[bx.lion]

He's paying market rate it doesn't make sense to pay higher. People live in lala land expecting dude to just give away extra money.

 

[feelosofer]

Lets be reality most of the jobs in Amazon are warehouse workers and in that field that is pretty much the average maybe a little above.

 

[Arithmetic]

Most workers receive 4 stocks after two years, managers receive like 15 stocks If I remember correctly.

That's mostly the case for the fulfillment workers. The really competitive positions ($100k+) are seeing over 100 RSUs, and they receive more for every year they stay employed.

 

[Noriega]

Make 28k a year while the CEO plays golf and eats medium rare steaks,brehs


"Bbbut... everyone can't work for themselves"
"Starting a business is too..hard"

Ignore the fact that almost third of businesses fail within the first 5 years brehs

Hate yall be your own boss ass nikkas, it’s sad but not everyone can be a boss

 

[Noriega]

hq2 search looking funny in the light

fukk amazon but if Chicago get that HQ2 then union construction jobs gone be poppin

 

[desjardins]

Your example only makes sense if Amazon is giving out back dated stock grants that vest and distribute immediately. Which is unlikely.

No. You get x number of rsu's at offer. They vest on a schedule at what ever given price they are at that time

 

[Born2BKing]

Only surprising thing is his Total Comp is only $1.7M

He the richest man in the world. His salary could be $0 dollars a year and he'd still be the richest man in the world lol.

 

[desjardins]

Most workers receive 4 stocks after two years, managers receive like 15 stocks If I remember correctly.

4 stocks?

Here is the break down (this is in response to why would anyone ever work at amazon)

At least one reason is that the stock has done so well. A typical software engineer hired 4 years ago is incredibly well compensated at Amazon because of this.

Consider a mid-level software engineer hired 4 years ago, on April 16 2014, with a salary of $100k. A typical stock grant at hiring for a mid-level software engineer in 2014 might be $400k over 4 years, backloaded so most of it comes at the end; on April 16 2014 the share price was $323, so the grant would have looked something this:



Apr 16 2015: 154 shares @ $323 = $50k = $150k total comp
Apr 16 2016: 248 shares @ $323 = $80k = $180k total comp
Apr 16 2017: 371 shares @ $323 = $120k = $220k total comp
Apr 16 2018: 464 shares @ $323 = $150k = $250k total comp

But the share price has gone through the roof since then, so things look more like this:


Apr 16 2015: 154 shares @ $383 = $59k = $159k total comp
Apr 16 2016: 248 shares @ $625 = $155k = $255k total comp
Apr 16 2017: 371 shares @ $901 = $334k = $434k total comp
Apr 16 2018: 464 shares @ $1,440 = $668k = $768k total comp

That mid-level, totally normal software engineer is making more than $750k this year because the stock price has gone up so much since 2014. They're likely to put up with a lot of bullshyt to get that kind of financial security - that's not just a down payment on a house, it can be the whole thing in cash in the east side suburbs, with great school districts.
Amazon (and Seattle in general) could be in big trouble if the stock price turns around. I don't think that's likely, but it's kind of scary to me.

If you saying it's no way some one gets $400k worth of stock that vest over 4 yrs....iono, doesn't sound crazy to me considering that amazon base compensation is so much lower than most other big tech companies. And this was on a site where several amazon employees work, and nobody called bullshyt

 

[Robbie3000]

Stagnated median American wages = demand for lower priced goods. Lower priced goods result in stagnated wages.

It’s a vicious cycle. At some point, we are going to have to consider universal basic income especially as more workers are displaced by technology.

 

[Cat piss martini]

drumpf's fukk boys can eat a dikk.
#Amazon4Life

 

[PrnzHakeem]

No. You get x number of rsu's at offer. They vest on a schedule at what ever given price they are at that time

I know how RSUs work, I'm the Stock Plan Admin for my company.

But for reporting purposes, the value of stock vesting in any given year is not counted as that years compensation. This is clear if you read the proxy.

For example, Amazon CFO only made $163,200 for 2017. But he also received the value of $8.4M in stock awards vesting in 2017.