Employees to receive bonuses in stock and cash
  • 13igTyme@piefed.socialEnglish
    7·
    2 months ago

    400k is nice and all, but imagine how many PlayStations you could buy if you didn’t have union dues.

  • rain_enjoyer@sopuli.xyzEnglish
    0·
    2 months ago

    most of that (7% of profits out of 12%) in stock vested over 2 years, so samsung got themselves a breather here. it might be also that these shares are at peak valuation now

    • MagicShel@lemmy.zipEnglish
      1·
      2 months ago

      Seems like a good thing. Aligning workers and shareholders seems reasonable. And it even seems vaguely lefty, with the workers having a bigger stake in the means of production and all. Valuation might go down, and if there is a global recession most of our 401ks will go down, too. I don’t see any disproportionate downside.

      • MountingSuspicion@reddthat.comEnglish
        0·
        2 months ago

        Not sure if you’re being sarcastic, but owning stock in a company is nothing like owning the means of production and all this does is give the company a pretext of making employees work against their class interests. An employer might mention that a strike would decrease stock value and scare a worker into staying in poor working conditions despite a strike being better for them for gaining long term benefits. Also, bonuses are a bad form of compensation in general because they often are dependent on decisions outside of workers control and in this case come from AI demand. Now those workers feel as though increasing prices, increasing AI use, and decreasing the number of employees all leads to them personally benefiting. All of these are against the interests of their own class.

        • nandeEbisu@lemmy.worldEnglish
          1·
          1 month ago

          How fragile do you think workers are? No shit a strike harms the bottom line of the company as a whole. That’s the whole point.

          It’s incumbent on the unions and workers to decide if them getting shafted in contract negotiations is disproportionate to how the company is doing as a whole or if it’s just the company actually not being able to afford raises or benefits (is the money really not there or is it getting hoarded by management)

          If the company is actually not doing well, then laying off some people and trying to right the ship is preferable to everyone losing their jobs if it goes under. When deciding to strike you’re weighing if it’s because of management greed or the company actually not being able to afford the additional benefits.

          As it is currently employees only get the downside when the market is weak, they don’t get the upside. Stocks mitigate that problem.

        • LePoisson@lemmy.worldEnglish
          1·
          1 month ago

          It’s better than not having stock though. Same with having bonuses.

          I get what you’re saying though and I’m not even gonna disagree. Just that it’d be good for people to have stock in the companies they work for. It definitely is not the same as owning the means of production.

        • MagicShel@lemmy.zipEnglish
          1·
          2 months ago

          I said vaguely. I’m not a communist or Marxist and recognize the limits of my understanding.

          The difference between owning the means of production and sharing ownership with investors feels meaningful but not diametrically opposed. Without the investors, the workers would STILL have to weigh their ownership stake against working conditions and determine what is in their best interest.

          I agree that bonuses being outside the workers control makes them not great overall, however in this case the bonus isn’t cash, but a stake in the company which again ties the payment to future performance. Not in a way the workers can directly control, but there is always going to be friction between what workers deserve to be paid for their work and what customers are willing to pay for the product. Ordinarily that friction serves to make investors fabulously rich and the workers largely get exploited.

          Anyway, I said vaguely and I stand by it. If you want to go in depth on your views of capitalism and Marxism, I promise to read and likely be fascinated. But I think you read that with a lot more intent than I originally meant to impart. I probably should’ve just left that bit out, knowing Lemmy users.

  • gmalette@lemmy.caEnglish
    0·
    1 month ago

    Is this “average” in the same way “On average Jeff Bezos and I are billionaires”? Are execs getting huge bonus and workers nothing, or actual workers getting a sizable payout?

  • call_me_xale@lemmy.zipEnglish
    0·
    2 months ago

    per chip employee

    Er… Which one?

    edit: Ah, I see, it’s a weird way to say “per employee of the semiconductor division”

    • oce 🐆@jlai.luEnglish
      1·
      2 months ago

      I was reading per chip x employee, and I was like damn, that’s a lot.