this post was submitted on 13 Jan 2024
295 points (98.7% liked)

Work Reform

10126 readers
750 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 18 points 11 months ago (1 children)

the.CEO saying that they have been punished enough with the stock price.

Yes because making less profit is the same as losing your entire income.

[–] RedditWanderer 4 points 11 months ago (1 children)

A lot of people are paid a decent part of their comp through stocks too, they almost double my salary over the 4 year vesting period.

[–] [email protected] 16 points 11 months ago (2 children)

No offence, but fuck shareholders. They’re a giant part of society’s woes.

[–] [email protected] 10 points 11 months ago

This is an ideal concept but for me a shareholder should be like a private financer that holds an interest on a company that gets sacked the moment the capital they lent is returned with interest.

I could not care less if a company I was invested in stated it was aiming to have a fixed yearly profit of X amount, no more, no less. That would send a clear message the company would be aiming for quality in their products/services and trust with their clients, with no funny ideas behind the scenes to squeeze pennies and dimmes in blood from the employees.

Oh, and as a shareholder, the last thing I would want would be a CEO or whatever chair aiming for bonus: you earn a salary, get benefits, that is it. If you get the boot, you are just another employee, not a rockstar.

[–] RedditWanderer 3 points 11 months ago* (last edited 11 months ago)

It's free money for me, I don't hold any other stocks, it's just because they give them.

I signed a deal for around 10k stocks over 4 years (worth 250k at the time, worth 350k now), in top of my full salary.

Would you say no? Haha