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There's a big difference between I will be just fine giving away $10K and I don't need the money. Any money that helps me retire early is money I'm not going to
by tinyhouse 5y ago
There's a big difference between I will be just fine giving away $10K and I don't need the money. Any money that helps me retire early is money I'm not going to give away. With some exceptions of course. I might give money away to help a family member or friend. Above a certain amount of money I will be happy to give some money away. That's what most wealthy people do, including Besoz.
Amazon's tech employees are awarded shares. They are getting life changing money already. But it's not that relevant because here we're talking about a one time event that happened and the employees who were part of that success story should be compensated. It's the right thing to do.
The only argument you can make that I may partially agree with is that why giving the money to the employees. They can donate it for better causes than helping tech employees being more rich. I think in this particular case there's plenty of money to do both and the founders still be left with billions. Allocating $2B to the employees and the rest $10B to be split by the two founders and whatever donations they would like to make sounds like a win-win for everyone and a pretty rational thing to do. I'm not expecting them to give most of the money to the employees. Someone mentioned they have allocated $500M; that's really great but I still think it's too low given the amount of money. I think 10 - 15% is more reasonable.