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I don't get it (I never worked for Amazon!). I've never worked anywhere, where a change in my employer's stock price means my pay has to be recalculated. If y
by denton-scratch 4y ago
I don't get it (I never worked for Amazon!).
I've never worked anywhere, where a change in my employer's stock price means my pay has to be recalculated.
If you're promoted and given a raise, isn't that a deal? Suppose I'm a happy coder on $X, and you promote me to the miserable job of Project Manager on $X+10, how's it legal to call me into the office and explain that it's actually $X+2?
Is compensation at Amazon stated in virtual shares or something?
- dcre 4y agoThey are paid a number of shares and given an estimate of the value of those shares based on some share price. Amazon used an old share price, so the estimate was too high. The only thing being recalculated is the estimate. The number of shares does not change.
- tomrod 4y agoSounds like it deviates pretty significantly from AMZ's prior practice, where the RSU count matches ${promised comp}. So AMZ made a mistake and changed the employee agreement. Seems unethical to walk that back, despite it potentially being legal.