Late stage capitalism will end like the opening scene of the dark knight; the joker killing every one of his criminal accomplices, one by one, as soon as they have fulfilled their role (their value has been extracted).
It's an apt analogy because all of these capitalists are mentally ill &/or criminals.
amazon actually pays decent for its worker accumulates pto faster than WF chain they own now, but a warehouse job is really brutal in any job. very easy to get injured through repetition wear and tear, and you have metric and watched like a hawk by the managers there. i know someone that worked at the smaller ones.
the hours are brutal thats why theres high turnover.
There's a brand new Amazon warehouse going in right of the Schoharie exit on I-88 in upstate NY. It's been recently announced that the village will be footing the bill for all the water and sewage.
So after that gets burnt down we need to go round up the town board and beat the shit out of them
give me a few billion dollars to buy infrastructure and hire people who know how to do that. otherwise it's going to take a while to get off the ground if I have to start off by selling books online (and I'll still need at least half a million to start).
Omnibus Budget Reconciliation Act of 1993 (Section 162(m)): By capping deductible salary at a million, it paradoxically incentivized companies to shift compensation toward stock options and performance-based bonuses to avoid tax penalties.
They get rewarded for impoverishing us. They are barbarians in suits. Raiders and thieves, rapists and murderers, who destroy our lives to enrich their own. There is no innocent rich person.
This is the real american dream. Absolute, unrestricted consumption at the expensive of everyone else. I make my gains on your backs. The land of opportunity my ass.
Anyone familiar with the socio-political environment in Europe preceding World War 1? This is very similar.
Base salary still only about $350,000, which is less than some employees make, I'm sure. Of course he has stock holdings etc, that give way more to his earnings. But still, strictly salary wise...
The ultra wealthy keep their salaries low so they can avoid paying taxes. They also use this as a form of white washing their reputation that people who don't understand how money works will buy.
There are actually special structures that aren't even available to most people for ultra high earners called non qualified deferred compensation plans that help them avoid taxes even harder than most ordinary people can.
They do everything they can to pay as little in taxes as they can while they hoard up as much wealth as they can.
Amazon's philosophy is that higher-ups get paid in mostly stock and their salaries are capped at pretty much what Andy's salary is. Idea is that if you make ~300k in salary, but your stock can be worth anything from 40 to 500 million in 4 years when it vests, you're probably motivated to work extra hard to make the company worth more.
Stock grants outweigh salaries by 3x in senior software dev roles already, the executives make roughly the same salary, but more stock.
Right, but from what "AI" told me (which to be fair could be total bullshit), he did have a large income of about $200M, but opted for a more stable salary of around the sum I mentioned, but still had about $40M of income via stocks I guess. But that's still very much lower than what he earned just before he started as CEO.
Is there some way he's still earning more now than before?
40 Comments
Zachariah@lemmy.world · 123 pts · 134d
whilebecauseWhatAmLemmy@lemmy.world · 29 pts · 134d
Late stage capitalism will end like the opening scene of the dark knight; the joker killing every one of his criminal accomplices, one by one, as soon as they have fulfilled their role (their value has been extracted).
It's an apt analogy because all of these capitalists are mentally ill &/or criminals.
verdi@tarte.nuage-libre.fr · 63 pts · 134d
BaroqueW@lemmy.world · 27 pts · 134d
BeigeAgenda@lemmy.ca · 10 pts · 134d
And why wasn't it an Amazon warehouse that was torched I would expect them to have worse pay and conditions than the Canadian one?
Zedd00@lemmy.dbzer0.com · 14 pts · 134d
Ontario California, not Canada.
Tollana1234567@lemmy.today · 2 pts · 134d
amazon actually pays decent for its worker accumulates pto faster than WF chain they own now, but a warehouse job is really brutal in any job. very easy to get injured through repetition wear and tear, and you have metric and watched like a hawk by the managers there. i know someone that worked at the smaller ones.
the hours are brutal thats why theres high turnover.
BeigeAgenda@lemmy.ca · 2 pts · 133d
To me that sounds like: Once you get used to getting your liver eaten it's fine, the eagle is actually a good conversationalist.
Eyekaytee@aussie.zone · -39 pts · 134d
Why would you firebomb his house? Businesses can hire and fire who they like so long as it's within the regulations?
edit: just saw you're french, nevermind
iamericandre@lemmy.world · 16 pts · 134d
Lick those boots
Eyekaytee@aussie.zone · -4 pts · 134d
The opposite, I don't buy from Amazon, nor do I care what happens to them, I hope they go broke and they all lose their jobs
BaroqueW@lemmy.world · 11 pts · 134d
Will someone think of the CEOs? /s
Leomas@lemmy.world · 7 pts · 134d
You love sucking billionaire dick apparently. Fine, just don't spit the cum on us.
Murse@slrpnk.net · 50 pts · 134d
Any ideas on ways we can convince Amazon to pay its workers enough to survive?
AdolfSchmitler@lemmy.world · 41 pts · 134d
No clue, I'm gonna go play Paper Mario tho, heard it was inspired by Luigis Mansion lol
Bakkoda@lemmy.world · 27 pts · 134d
There's a brand new Amazon warehouse going in right of the Schoharie exit on I-88 in upstate NY. It's been recently announced that the village will be footing the bill for all the water and sewage.
So after that gets burnt down we need to go round up the town board and beat the shit out of them
Jhex@lemmy.world · 15 pts · 134d
drop every Amazon service you use today and advocate for others to do the same
chalupapocalypse@lemmy.world · 11 pts · 134d
Make something to replace AWS
underisk@lemmy.ml · 4 pts · 134d
give me a few billion dollars to buy infrastructure and hire people who know how to do that. otherwise it's going to take a while to get off the ground if I have to start off by selling books online (and I'll still need at least half a million to start).
boonhet@sopuli.xyz · 2 pts · 133d
It's not a few billions anymore. Undersea fiber, datacenters in several countries... It all adds up.
prole@lemmy.blahaj.zone · 3 pts · 133d
How about nationalize AWS
Fredselfish@lemmy.world · 4 pts · 134d
I don't know, I have a thought and requires a lighter.
Formfiller@lemmy.world · 2 pts · 133d
General strikes, port blockades, boycotts and other organized actions. Look up iww and read people’s history of United States
anon_8675309@lemmy.world · 27 pts · 134d
Fix this:
BarneyPiccolo@lemmy.today · 26 pts · 134d
They also hired a new CFO for $28 million.
BillCheddar@lemmy.world · 11 pts · 134d
https://www.youtube.com/watch?v=hAq2Vh8EEgA
The roof, the roof, the roof is on fire
The roof, the roof, the roof is on fire
The roof, the roof, the roof is on fire
We don't need no water, let the motherfucker burn
Burn motherfucker, burn
dunestorm@lemmy.world · 9 pts · 133d
There should be a cap on how much a single person can make; anything beyond that should be taxed. What a corrupt ass capitalistic shit-hole system.
minorkeys@lemmy.world · 8 pts · 134d
They get rewarded for impoverishing us. They are barbarians in suits. Raiders and thieves, rapists and murderers, who destroy our lives to enrich their own. There is no innocent rich person.
Hupf@feddit.org · 1 pts · 133d
https://youtu.be/bSUrqiU8Azo
ChunkMcHorkle@lemmy.world · 3 pts · 134d
Well, being a member at Augusta isn't cheap, Andy Jassy gotta pay those billionaire club dues somehow . . .
NoxAstrum@lemmy.ca · 3 pts · 133d
This is the real american dream. Absolute, unrestricted consumption at the expensive of everyone else. I make my gains on your backs. The land of opportunity my ass.
Anyone familiar with the socio-political environment in Europe preceding World War 1? This is very similar.
DGen@piefed.zip · 2 pts · 134d
How convinient
Formfiller@lemmy.world · 1 pts · 133d
Bring Back The IWW!
victorz@lemmy.world · -51 pts · 134d
Base salary still only about $350,000, which is less than some employees make, I'm sure. Of course he has stock holdings etc, that give way more to his earnings. But still, strictly salary wise...
Maybe I'm missing something here.
otterpop@lemmy.world · 74 pts · 134d
The ultra wealthy keep their salaries low so they can avoid paying taxes. They also use this as a form of white washing their reputation that people who don't understand how money works will buy.
There are actually special structures that aren't even available to most people for ultra high earners called non qualified deferred compensation plans that help them avoid taxes even harder than most ordinary people can.
They do everything they can to pay as little in taxes as they can while they hoard up as much wealth as they can.
birdwing@lemmy.blahaj.zone · 21 pts · 134d
The more I hear about billionnaires the more I think the anarchist & council communists were right.
boonhet@sopuli.xyz · 2 pts · 133d
Amazon's philosophy is that higher-ups get paid in mostly stock and their salaries are capped at pretty much what Andy's salary is. Idea is that if you make ~300k in salary, but your stock can be worth anything from 40 to 500 million in 4 years when it vests, you're probably motivated to work extra hard to make the company worth more.
Stock grants outweigh salaries by 3x in senior software dev roles already, the executives make roughly the same salary, but more stock.
victorz@lemmy.world · -21 pts · 134d
Right, but from what "AI" told me (which to be fair could be total bullshit), he did have a large income of about $200M, but opted for a more stable salary of around the sum I mentioned, but still had about $40M of income via stocks I guess. But that's still very much lower than what he earned just before he started as CEO.
Is there some way he's still earning more now than before?
Flames5123@sh.itjust.works · 3 pts · 134d
My base pay is half what I get paid. I get paid my other half in stocks. It’s how big tech works.
victorz@lemmy.world · 1 pts · 134d
I guess so.
lIlIlIlIlIlIl@lemmy.world · -2 pts · 134d
“Temporarily embarrassed millionaires are extremely concerned…”