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E-Cigarette Maker Juul Just Gave Its Employees an Average 1.3M Bonus
- gamerextremepop 8y agoDie motherfucker.
- im3w1l 8y agoI feel the median would be a more interesting statistic. Could be a few people getting most of it.
- ahakki 8y agoIt is based on a mixture of tenure and equity. I’ve seen reports of new hires apparently getting between 300K-500K.
- huac 8y agoI've heard that the median is a magnitude of order less than that; most of the bonus is going to management.
- craigkerstiens 8y agoIs that in option grants or a bonus? The article reads as this is a bonus not equity, unclear if that is actually the case but the two are fairly different things.
- tozeur 8y agoMedian is 40k. I know someone who works there.
- craigkerstiens 8y agoTying this to tenure at the company as well as their existing stock holdings means it's mostly an opportunity for some form of liquidity for current employees. I don't expect it will result in immediate attrition, and likely will work as a great recruiting tactic. But, the details in the article make it fairly clear that most employees are not getting 1.3M.
- aviv 8y agoWe live in a sick (figuratively and quite literally) world where people who create an addicting, health damaging product easily accessible to and abused by kids are celebrated for some kind of "success" and rewarded financially as a result of their immoral creation.
- altperspective 8y agoAre you speaking of an e-cig company or social media? Is physical health less important than mental health?
- komali2 8y agoThe evidence of the negative health effects of smoking far outstrip those of social media in both quantity and impact of those health effects. I'm not sure we're even in the sent ballpark right now. I'm not sure even the same game.
- kizer 8y agoAre you speaking of completely irrelevant topics? Is astroturfing for “Juul” (what a stupid fucking name) more important than making a meaningful contribution to the present discussion?
- lumberjack 8y agoWhat you say is entirely correct. People need to take a step back and see it for what it really is. In our economy people often get rewarded handsomely for causing harm.
- a_bonobo 8y agoIn somewhat related news, the US almost managed to get rid of teenage smoking, but Juul has been so successful that teenage smoking is back at the level of roughly 15 years ago. https://twitter.com/themehakvohra/status/1076433054099492864 https://twitter.com/themehakvohra/status/1076433054099492864 This is not a 'good' company.
- exabrial 8y agoSmoking cigarettes?
- userbinator 8y agoFrom the graph in the parent post, it looks like Juuling, not "real" (as in inhale-burning-tobacco) smoking.
- naikrovek 8y agoJust as addicting, though. And it's just as much of a customer retention strategy as it ever was.
- eatitraw 8y agoIIRC, vaping pure nicotine might be less addictive than smoking tobacco because tobacco contains a ton of other chemicals
- mullingitover 8y agoNicotine in e-liquid lacks the MAOIs that tobacco contains, so it's a stretch to claim it is equally addictive. See: https://www.nature.com/articles/1300987 https://www.nature.com/articles/1300987
- jf- 8y agoI think we're in danger of attaching the stigma of tobacco to something which is far less damaging. Vaping need not be zero harm for it to be socially acceptable; research shows that there is no safe level of alcohol consumption, that red meat is carcinogenic, and I imagine that despite recent legalisation efforts marijuana poses a health threat. Let's not become the 'no fun allowed' society.
- shadowtree 8y agoPhilip Morris and other old tobaccos always paid extremely well. Had to. Something to attract and retain talent despite actively killing people. Coming from say, McKinsey, was a lottery jackpot - and a ticket to hell.
- wycs 8y agoVaporizing nicotine is unlikely to be as harmful as smoking long term. Nicotine itself is only moderately addictive without the concomitant administration of MAIO inhibitors. However, the incentive structure being what it is I somehow doubt vape companies will be able to resist creating similar cocktails.
- jondiggsit 8y agoSorry, I don’t know MAIOs are, but a JUUL is 100% as addictive, I’d argue more because of its accessibility and the fact it doesn’t have other side effects — a casual smoker turned JUUL-addict.
- untog 8y ago> Juul just got a $2 billion dividend payment from its new investor Altria. It decided to give that money to employees. From tobacco giant investor Altira. This feels like kind of a "sorry that you now work for a tobacco company that kills people" bonus.
- b_tterc_p 8y agoInstead of just a nicotine company that kills people, less effectively but all the same.
- walrus01 8y agoNotably, Altria changed its name to escape from the absolutely abysmal reputation of its previous name, Philip Morris. https://en.wikipedia.org/wiki/Philip_Morris_International https://en.wikipedia.org/wiki/Philip_Morris_International
- solarkraft 8y agoOh. I see.
- miguelmota 8y agoI know a few people on the Juul and they're addicted to it. They do say it helped them quit cigarettes, but at the same time, people who never smoked a cigarette are also addicted to Juul. So it's a 'better' alternative for cigarette smokers but a gateway drug to others.
- im1983 8y agoWho said that money can’t clear your consciousness... Evilcorp
- thoughtstheseus 8y agoCurious what the median was.
- p1necone 8y agoA lot of people in this thread seem to be under the mistaken belief that nicotine is the harmful thing in cigarettes. While rather more addictive, nicotine in isolation is really no more harmful than caffeine.
- dabockster 8y agoPost a source, please. Tobacco is one of those hot button issues where people will automatically assume you're a shill if you don't have the data to back up what you're saying.
- kevindong 8y agoThis study argues that nicotine is indeed harmful [0]. This study argues that caffeine is harmless in healthy adult populations (although pregnant women and children shouldn't consume caffeine) [1]. [0]: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4363846/ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4363846/ [1]: https://www.tandfonline.com/doi/abs/10.1080/0265203021000007840 https://www.tandfonline.com/doi/abs/10.1080/0265203021000007...
- newen 8y agoYou just linked to some random study from some random journal in order to support your statement, to make your statement sound like it's truth. [0] is an article from Indian Journal of Medical and Paediatric Oncology. No idea what the reputation of this journal is. No idea what the study does, experimental methodology, bias of the authors, reputation of the authors, who is funding the authors, etc. etc. More generally, why has internet discourse detiorated to linking to random studies to make a statement and asking people to link to random studies to support their statement.
- kizer 8y agohttps://imgur.com/a/i9rWJbb https://imgur.com/a/i9rWJbb
- dang 8y agoPlease stop.
- rhegart 8y agoE cigs are the “cool” thing now. Used to be weed when most of us were growing up. Last 15 years it was weed. Seems like whatever society condemns becomes the cool thing for young people.
- kizer 8y agohttps://imgur.com/a/i9rWJbb https://imgur.com/a/i9rWJbb
- GreaterFool 8y agoIf anyone uses Juul in my proximity I get very jumpy. The amount of nicotine this is delivering must be staggering. I’d stay away from this stuff.
- kizer 8y agoFuck this company and any other that sells a product with an addictive chemical. That’s not “innovation”. That’s Donald Trump tier snake oil.
- Crosseye_Jack 8y agoNext time you go grocery shopping, check how much sugar is in everything.
- syntaxing 8y agoIt's pretty interesting to read how concerned society is about vaping. Personally, I put caffeine and nicotine on the same "drug" level. Though caffeine is so ingrained in our culture (in the US) that kids at the age of 16 drink 3-4 cups of coffee and no one is concerned about this. I agree that there needs to be regulation for the marketing of vaping (like any other substance) but I am way more concerned about opioid usage (like during wisdom teeth removal) and NSAID abuse than vaping abuse. I wish we can prevent all kids from using any sort of drug since their brain gets permanently hardwired before the age of 18, but that's life and you sometimes gotta let a kid live a little. I rather have my kids grow up in a place where they can make their own decisions as long as they're educated about it rather than all of us being tiger parents leading our kids towards a dystopian society of all health but no fun.
- skinnymuch 8y agoThat’s crazy. Would people really not be concerned with 4 cups of coffee at 16?
- deleted 8y ago[deleted]
- Dowwie 8y agoGonna have to see the variability associated with that average.
- apexalpha 8y agoI don't understand this debate in the comments. Yes, vaping is less dangerous than cigarettes, but it is still waaay more damaging than simply not smoking at all. Juul sells itself as a way for smokers to quit or change to something less damaging but it is mostly introducing it to kids who didn't smoke anything before!
- solarkraft 8y ago> but it is mostly introducing it to kids who didn't smoke anything before! Eh. I personally know people vaping to quit. What's your stance on nicotine patches?