Joined then stock dropped 300+, welp

Oct 26, 2018 29 Comments

Hello all, i signed the offer last month when amazon was valued at 1930, so far the stock has dropped 300+. Did I just get a cyber monday discount on my salary or does amazon give bonus to compensate when TC is below target?

Thanks!

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TOP 29 Comments
  • Amazon / Eng SDE2
    You join Amazon, stock price falls. Coincidence? I think not.
    They say a large part of our compensation is in stocks because ownership. You must have some pretty poor ownership.
    Oct 26, 2018 0
  • Amazon nrz62
    the stock doesn’t really affect your tc until after 2 years though, and mostly after 3/4
    Oct 26, 2018 1
    • SAP GIAGIA
      True true
      Oct 26, 2018
  • New TqMS45
    I don’t think you are priced the date you signed. You are priced the day you start as this is the date you are given the stocks. I might be wrong though.
    Oct 26, 2018 1
    • SAP GIAGIA
      they calculated the number of shares I am receiving in the offer letter :( not amount
      Oct 26, 2018
  • LinkedIn SFpc40
    I joined LinkedIn at 230, month later it was 100. That's life, don't worry too much. P.S. with time they try to fix things during review cycles. But not in one go.
    Oct 26, 2018 2
    • SAP GIAGIA
      Thanks!
      Oct 26, 2018
    • Google topCon
      lololol. Do not assume the frugality LP will not interfere with this premise.
      Oct 26, 2018
  • Amazon Kxqy63
    If you are in good standing at Amazon and the stock price does impact your tc, your cash part will be adjusted to meet the comp target. As long as Amazon succeeds and you plan to stay in the long term, you are all good
    Oct 26, 2018 3
    • SAP GIAGIA
      Your words are like a warm hug
      Oct 26, 2018
    • Amazon Kxqy63
      So what? Amazon is still a better move compared with SAP
      Oct 26, 2018
    • SAP GIAGIA
      Thats true :)
      Oct 26, 2018
  • Homesite Group / Product Pou4
    I don’t know if it is common practice, but in my case the stock was not a fixed price, e.g. $200k, but rather it was a fixed number of shares, e.g. 100.
    Oct 26, 2018 2
    • SAP GIAGIA
      Yep exactly this :(
      Oct 26, 2018
    • Microsoft / Eng Travelson
      Depends on the company
      Oct 26, 2018
  • Homesite Group / Product Pou4
    Also, what nrz62 said. For the first two years the share price is pretty inconsequential.
    Oct 26, 2018 5
    • Google topCon
      But when you're already 15% down, how can it be inconsequential?
      Oct 26, 2018
    • Homesite Group / Product Pou4
      Since for the first two years the participation in the stock loss (or gain) is limited. 5% in the first year, 15% in three subsequent year.

      For the first two years, compensation is primarily base and signing bonus. The RSUs are a long term incentive. If the stock remains depressed for two years, I’d think that would result in either a mass exodus or Amazon would instead increase RSUs.
      Oct 26, 2018
    • Google topCon
      Sure but 15% still a hole to dig out of. If stock grows 20%/year, which is quite realistic going forward, then you're quite disadvantaged vs others.
      Oct 26, 2018
    • Amazon / Eng
      ime&myself

      Amazon Eng

      PRE
      Sabre Corporation
      ime&myselfmore
      Topcon Amazon is still at 55% year on year today. Amzn is still good 30-40% over the realistic growth you mentioned. When the stock doubled from 1000 to 2000 in less than 8 months a correction is bound to happen.

      I wouldn't call that a hole.
      Oct 26, 2018
    • Google topCon
      30-40% in stock growth? I very much doubt it. Revenue is now under 30% now that the WF acquisition has been lapped.

      PE of 130 and revenue growth will start converging on the the stock price. Days of hyper growth are over. The law of large numbers will apply pressure.
      Oct 26, 2018
  • Medallia hFEH36
    Hang in there.
    Oct 26, 2018 0
  • Qualcomm aUVq20
    If you accepted the offer letter say for x RSU shares and price falls 20 % before your joining date, can you Negotiate more RSUs on the day of joining ?
    Oct 27, 2018 1
    • Google topCon
      Nope
      Oct 27, 2018
  • Roku ________
    What ever happened with this? More stock/cancel offer?
    Apr 4 0
  • Apple Tom cook
    How many rsu did you receive? As a percent it is just 15% down
    Oct 26, 2018 0
  • Bloomberg ebarbop
    Lol are people really surprised tech stocks swings up and down wildly? Just buckle down and pay attention to long term prospects of the company
    Oct 26, 2018 0
  • Amazon Wndr
    If your tc falls below target due to stock drops you will be compensated. Don’t worry about it. Focus on doing great work. Papa Bezos got your back, as far as you got his.
    Oct 26, 2018 0
  • Amazon BlueButton
    You will be fine. Check back in a year and more. This is a long term play
    Oct 26, 2018 0

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