this post was submitted on 17 Sep 2024
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Well, that’s probably because he’s hit the cap on base salary. After a certain point in Amazon, the majority of your income at Amazon is derived from shares.
That said, after the signing shares are yours after the first 4-5 years, you’re down to the yearly grants they hand out, which come the year after they were granted, in quarterly amounts.
Also, if your brother is high up, he probably got more shares this year than usual, as Amazon announced that only certain levels and below were getting salary increases. Higher up only got shares.
Correctomondo. Got more shares and more grey hairs.
“It’s true what they write. The company has turned super bureaucratic since the pandemic when everyone hired like crazy” - from him just now
Their convoluted salary and options package was one of the driving reasons why I declined a job there.