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I mean demanding compensation well above the value they create. Being an Apple Genius is not worth the same salary as a typical lawyer, generally speaking. If a
by rpmisms 5y ago
I mean demanding compensation well above the value they create. Being an Apple Genius is not worth the same salary as a typical lawyer, generally speaking. If a union were to demand that, it would be cheaper to remove the Apple stores.
> I always come at this from "getting my cut." When the family business did well our pay always went up.
Apple's too big for that to work directly. Stock compensation is the best mechanism for larger companies to implement "getting a cut".
- s1artibartfast 5y agoThat's interesting, why stock compensation over simple profit sharing bonuses? I can think of a number of reasons why the latter could be better for retail workers
- rpmisms 5y agoBecause profit on paper is very malleable. See: Hollywood Accounting. Stock compensation that vests over time both gives an incentive to stay, as well as a direct stake in the growth of the company, rather than a bonus program that can be removed at any time.
- s1artibartfast 5y agoIncentive to stay may or may not be a good thing, especially in the context of a retail job. A stock plan can also be removed just as easily. Last, publicly traded companies have well defined definitions of profit, which negates most if not all of the Hollywood accounting issues, where a movie might have 20 legal definitions of profit.