shaneknysh t1_j6kw73p wrote on January 31, 2023 at 1:20 AM

Reply to comment by bobjoylove in ELI5: What does it mean when a company buys back stocks and why is it frowned upon? by lilly_kilgore

As a recipient of stock rewards as an employee they are not a great reward. Like company scrip the stock rewards to staff are a cheap way to reward staff costing the company pennies on the dollar. And every single one I've received the stock was non voting and diluted.

bobjoylove t1_j6kwcoo wrote on January 31, 2023 at 1:21 AM

In tech companies stock awards can more that double the amount you get paid every year. Often triple you base salary.

shaneknysh t1_j6l6334 wrote on January 31, 2023 at 2:34 AM

What tech companies did you work for? My stock options never came close to 25% of my base salary.

bobjoylove t1_j6n3wup wrote on January 31, 2023 at 2:43 PM

Not revealing any personal data, but both Fintech and Silicon Valley is paying staff this way. The annual stock award is performance based, and except for the last 2 years there has been a bull market that also swells the award granted 4 years ago.