I FINALLY hit on one by god
Can they just have a CEO class, where the only thing they teach you is to not claim to your employees that your stock is going to 10x?
During virtual all-hands meetings, Foley would tell staff the company’s explosive growth was just the beginning and the stock price would reach $1,000 a share, three former employees said.
Lol Amazon was telling people the stock would moon at least 15% per year…
Between 2017 and early 2022, the stock price increased on average about 30% each year. But Amazon’s stock is currently trading around $96 per share and some employee pay packages are structured under the assumption that Amazon’s shares would be around $170 per share, some of the people said.
Our stock planning price was $450 next year (when it was at $300 2 years ago).
It is now at $50.
They’ve adjusted the planning price now, but still absolutely bonkers.
Not stonks
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Some days you get the stonk and some days the stonk gets you.
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100% AMC portfolio doing well today.
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What is the ‘planning price’ used for ?
everybody has a target compensation, they use the planning price to determine how many RSUs to give you in addition to base pay to meet that compensation in 4 year allotments (at hiring/promo/laddering) The board approves these prices annually usually
They were going to use that price for new hires during that year for example.
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For a long time Amazon capped salary at $150k and everything above that was paid in stock. Worked until it didn’t.
Most tech does the same. We cap at $200k but the idea is similar.
I find that really odd that there would be an expected future share price calculation used to calculate comp. Like… I can’t even think of what technique would be used for that calculation that carries any academic or scientific credibility.
I am definitely not doubting you. At my company, I get an annual RSU grant as a percent of my base that is based on the share price on that grant date.
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Oh believe me there is no credibility to it. It’s an embarrassment. Almost all companies do it as rolling 90days or something similar at hire date
What do you love about it?
pretty much everything. old dude with stack of blank paper. wife with prop laptop. library card face down on middle of table. A+ stock photo, would use again.
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That’s the perfect spot for a harold picture, missed opportunity there CNBC.
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The fact that the investor appears to be mad at the advisor because the market went down is also very true to life.
listen here, sonny boy! when i was a lad a coke cost a nickel, and the only thing that went tick tock was my pocket watch.
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