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Talking stocks, trading, and investing in general - Page 707

post #10591 of 11160
Quote:
Originally Posted by GreenFrog View Post

I say that it's tilted in the favor of the company because the amount of guaranteed money that Amazon has to pay out in the form of base compensation is less than that of other tech companies.

This.

And to LD's comment... there are quite a lot of disgruntled employees at Amazon, moreso than you see in other tech environments. You don't here these grumblings at FB, GOOG or AAPL, but you do at AMZN.
post #10592 of 11160
Apropos for the stocks thread we have not mentioned the harder to quantify aspects. For instance, a fresh career is also a resume building time. I would have to think for many roles and career paths certain companies help resume build. When I finished my first grad degree I did two years in regulatory. I actually could have made more money in those two years utilizing a different aspect of my skill sets, but while the short term money was better, it did nothing to enhance my resume. From my stint in regulatory I was hired by a Fortune 500.

Also, Bezos still needs to be jailed.
post #10593 of 11160
My brother, who is in tech, has told me that many people work hard to make it to, then suffer through, the tech majors. Afterward they more on to more interesting jobs when they are in their mid-career. They're certainly resume builders.
post #10594 of 11160
As someone who worked through a tech major at a top 5 CS program, works for a large tech company, and has a team of people - from both industry and university - I can say that statement is not generally true.
post #10595 of 11160
As for Amazon last I checked average retention for engineering jobs was less than 2 years. Bezos treats people just like any other commodity. That said, there are people who love it. And if you've been there 10+ years you've made some good money on the stock. Salaries are capped at $160k which is nothing special for engineering jobs if you cane from a good CS program and can get shit done
post #10596 of 11160
Quote:
Originally Posted by msg View Post

As someone who worked through a tech major at a top 5 CS program, works for a large tech company, and has a team of people - from both industry and university - I can say that statement is not generally true.

Could be specific to him.
post #10597 of 11160
Quote:
Originally Posted by idfnl View Post

Usually this comes with joining a startup where you are exposed to potential upside. A well established company like Amazon has no need to do this save to trim their overall payroll.

Not nessesarily. I've seen this as a good way to align long term behavior with shareholders. 

 

Banks are moving more and more to this model for exactly that reason. 

post #10598 of 11160
Quote:
Originally Posted by idfnl View Post

This.

And to LD's comment... there are quite a lot of disgruntled employees at Amazon, moreso than you see in other tech environments. You don't here these grumblings at FB, GOOG or AAPL, but you do at AMZN.
Could well be. I wasn't arguing there are no disgruntled emoloyees - I was accepting GF's statement to that effect at face value for discussion purposes and suggesting it was in tension with his other statement.
post #10599 of 11160

On a somewhat related basis and one that is more cheery than sending everyone to prison or working to death in Amazon, can you guys talk me into or out of getting a new (well new to me) car?

 

With prices of homes and stocks so high and financing costs so low, it looks tempting. I figure it would probably be the last non EV car I buy.

 

My current one is from 99, so I worry it may not make it until then. 

 

Thoughts?

post #10600 of 11160
Quote:
Originally Posted by MSchapiro View Post

Not nessesarily. I've seen this as a good way to align long term behavior with shareholders. 

Banks are moving more and more to this model for exactly that reason. 

These views are exactly what was pointed out above... this is all in the company/investors interests and not the employee.

What's in the employee's interests is a good work life balance, proper treatment, and cash in hand you have control over. Keeping it simple is best: here is my real work, now pay me real money. I'll pass on the cute salary structures and rah rah bullshit.

Quote:
Originally Posted by MSchapiro View Post

On a somewhat related basis and one that is more cheery than sending everyone to prison or working to death in Amazon, can you guys talk me into or out of getting a new (well new to me) car?

With prices of homes and stocks so high and financing costs so low, it looks tempting. I figure it would probably be the last non EV car I buy.

My current one is from 99, so I worry it may not make it until then. 

Thoughts?

Used car, 3-5 years old.

Quote:
Originally Posted by msg View Post

As for Amazon last I checked average retention for engineering jobs was less than 2 years. Bezos treats people just like any other commodity. That said, there are people who love it. And if you've been there 10+ years you've made some good money on the stock. Salaries are capped at $160k which is nothing special for engineering jobs if you cane from a good CS program and can get shit done

Indeed. People in early career that fail to pace themselves tend to get burned out and it's often something you never recover from. Amazon are experts at grinding engineers down to a nub.

$160k is also location specific. And under threat, all that wonderful lobbying work in DC has enabled a flood of H1B visas in and these guys are willing to work for food.
post #10601 of 11160
Quote:
Originally Posted by idfnl View Post


These views are exactly what was pointed out above... this is all in the company/investors interests and not the employee.

What's in the employee's interests is a good work life balance, proper treatment, and cash in hand you have control over. Keeping it simple is best: here is my real work, now pay me real money. I'll pass on the cute salary structures and rah rah bullshit.
Used car, 3-5 years old.
Indeed. People in early career that fail to pace themselves tend to get burned out and it's often something you never recover from. Amazon are experts at grinding engineers down to a nub.

$160k is also location specific. And under threat, all that wonderful lobbying work in DC has enabled a flood of H1B visas in and these guys are willing to work for food.


I've heard the cap is $175K and makes a lot of senior people end up selling their shares to fund their huge house purchases.  You don't have to get too far up the ladder at some of these places where the money is in the high 6- to low 7-figures due to comp structure.

post #10602 of 11160
Quote:
Originally Posted by jbarwick View Post


I've heard the cap is $175K and makes a lot of senior people end up selling their shares to fund their huge house purchases.  You don't have to get too far up the ladder at some of these places where the money is in the high 6- to low 7-figures due to comp structure.

Yeah, but that's just a cute comp structure rah rah bullshit, so screw their seven figures!
post #10603 of 11160
Quote:
Originally Posted by idfnl View Post


These views are exactly what was pointed out above... this is all in the company/investors interests and not the employee.

What's in the employee's interests is a good work life balance, proper treatment, and cash in hand you have control over. Keeping it simple is best: here is my real work, now pay me real money. I'll pass on the cute salary structures and rah rah bullshit.
Used car, 3-5 years old.
Indeed. People in early career that fail to pace themselves tend to get burned out and it's often something you never recover from. Amazon are experts at grinding engineers down to a nub.

$160k is also location specific. And under threat, all that wonderful lobbying work in DC has enabled a flood of H1B visas in and these guys are willing to work for food.

I disagree. 

 

I'm not going to sign a deal that I know has the potential to blow up when so much of my money is tied to future comp. 

post #10604 of 11160
Quote:
Originally Posted by jbarwick View Post


I've heard the cap is $175K and makes a lot of senior people end up selling their shares to fund their huge house purchases.  You don't have to get too far up the ladder at some of these places where the money is in the high 6- to low 7-figures due to comp structure.

Quote:
Originally Posted by Piobaire View Post

Yeah, but that's just a cute comp structure rah rah bullshit, so screw their seven figures!

I read it that way too, but I think he is referring to house prices because no senior engineer at Amazon is making anything approaching seven figures with stock unless that have 10 years worth.
post #10605 of 11160
Quote:
Originally Posted by MSchapiro View Post

I disagree. 

I'm not going to sign a deal that I know has the potential to blow up when so much of my money is tied to future comp. 

Disagree with what? I don't understand.
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