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>Netflix employees also asked leadership to issue new stock grants to make them whole for the losses this past week, per The Information. Okay so this could've
by mardifoufs 5y ago
>Netflix employees also asked leadership to issue new stock grants to make them whole for the losses this past week, per The Information.
Okay so this could've made sense if the standard compensation package at netflix included options but... they don't! Netflix salaries are 100% cash, unless you chose to buy options at a discounted rate with your salary. I guess the point of the discount is to make employees more invested in the company's success, literally. But that also means that when it does not succeed, the gamble will not pay off. That's the whole point!
It's a bit weird to me that they are still asking to get compensated anyways. Even if you took a gamble that could've made you a lot more money than your colleagues would've earned if they chose a cash-only salary.
- killingtime74 5y agoIndeed, if they had made a profit would they have shared it with the company? (Obviously no)
- WheelsAtLarge 5y agoI'm with the employees ask for the moon and hope to get it. If you don't get it that's ok too you've lost nothing.
- mardifoufs 5y agoI get it too! I don't feel bad for Netflix at all, and I hope they still get paid if they can. But if I was in that situation it wouldn't even have crossed my mind to just... ask for it anyways? It's pretty bold!