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If the number of 64,000 employees is correct, even that $3B seems like a pittance. One commenter wrote their wage jumped by $100k the year after this settlement
by khalilravanna 8y ago
If the number of 64,000 employees is correct, even that $3B seems like a pittance. One commenter wrote their wage jumped by $100k the year after this settlement. $3B / 64k ~= $50k per person, less than half that number[1]. In the end they only had to pay an amount that was < $7k per person. What a joke.
My guess is the executives who orchestrated this got a big bonus as a result. And why wouldn't they? They optimized for the corporation's good. How do we collectively start incentivizing not being evil like this?
1. Sure it's only one data point to extrapolate off of but anecdotally hearing that people were paid $100-150k in SF while this was going on is a substantial amount of wage suppression given that those same people employed now would be making $300-500k at those same companies without blinking an eye.
- hopler 8y agoIt was orchestrated by CEOs. They get big bonuses regardless. Also you are conflating base salary with total comp in your example.
- khalilravanna 8y agoA fair point about CEOs but the leaders of engineering had to sign off on this all along the way. Of course my math is back of the envelope and nothing to go by but it definitely hints at the massive discrepancy. To your point about salary/comp, Netflix is at least one example of a company that allows (allowed?) comp in the form of 100% salary.