*rolls eyes* :-) When you have to go to an encyclopedia because the dictionaries don't link it to control ... maybe stubbornness is a factor ;-) Come off of it! Our RSUs absolutely become shares, and 401k contributions are AMZN shares too, and they come with votes!
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Replying to @colmmacc @dvassallo and
Also co-pilots aren't pilots! I can't even.
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Getting paid $100K in cash vs $100K worth of RSUs makes absolutely no difference towards ownership. If you got the RSUs and chose to keep the shares, you’re no different than those that got the cash and bought the stock themselves.
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That's not our model. Our model is different than in at least two very important ways. Firstly: we are granted stock in vesting schedules and the future value of that grant may go up or down. That aligns our personal incentives with the collective ...
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Replying to @colmmacc @dvassallo and
it's in our interests to see the whole company, all of our colleagues, succeed, over a period of years, and not just our own little narrow part of it. This is idealistic of course, and our influence can be small, but I think it matters and promotes cohesion.
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Replying to @colmmacc @dvassallo and
Secondly: RSUs become shares and our 401k gets stock and that means we have votes and a say. It's not a majority, and it's not as much worker-ownership as I'd prefer to see (like a true cooperative), but it's significant. Colleagues are using those rights to submit petitions!
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Replying to @colmmacc @dvassallo and
Both of these things are a product of ownership and go beyond what transactional cash achieves.
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I know you mean well, but this is beyond idealistic. As an ex AMZN emp myself for 8yrs, I never cared about my future RSUs. When AMZN stock price dropped in 2014/15, I got topped up mid-year to make up the shortfall. When in 2016 I got a $380K offer from Oracle when I was...
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Replying to @dvassallo @colmmacc and
... making $230K, AMZN topped me up with RSUs mid-year to match the competing offer. RSUs are salary, and public companies use them instead of cash because the don’t affect cash flow. The money comes from shareholder dilution instead of the bank account. No other reason.
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Well if you didn't care, I don't know why we matched the offer ;-) Why do we give shift-working FC employees stock? that's not typical for the retail industry. Why do we cap our SVP cash salaries at extremely low amounts compared to the industry?
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I think it runs pretty deep and is tied to ownership and alignment. But independent of the why, I gives us license as workers to be more than mere employees, and to have - and insist on - a strong meaningful say in our collective direction.
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