Slashdot Mirror
Marissa Mayer Is Giving Yahoo Employees Her Annual Bonus To Make Up For Massive Hacks (theverge.com)
Following two separate security breaches revealed last year that compromised the personal information of more than 1.5 billion users, Yahoo CEO Marissa Mayer announced today via her Tumblr page that she will be redistributing her annual bonus and equity stock grant to Yahoo employees. The Verge reports: Relevant to Mayer's admission here, an independent committee Yahoo brought on to investigate the hacks found the company to be at fault for not sufficiently responding to the security incidents. "While significant additional security measures were implemented in response to those incidents, it appears certain senior executives did not properly comprehend or investigate, and therefore failed to act sufficiently upon, the full extent of knowledge known internally by the company's information security team," reads the committee's findings, which are contained in Yahoo's 10-K report for 2016. As a result of the hacks, Yahoo's top lawyer, Ron Bell, has been fired, Recode reported today. Mayer has accumulated about $162 million during the five years she's spent as the company's CEO in both salary and stock awards, according to CNN. She's also due about $55 million in severance if she decides to leave the company following its acquisition by Verizon. So it's safe to say her bonus would involve a hefty amount of money now going to Yahoo employees who have weathered the storm throughout Mayer's tumultuous tenure.
walmart doesn't even offer health insurance to the vast majority of its workers. especially at retail, the MOST IMPORTANT part of the business.. the ONLY part that is face-to-face with customers. for the most part, they are all limited in hours, and are disciplined if they go over, to just below the threshold for being eligible. fuck walmart.
their 'bonus' is usually a holiday ham or turkey, extending their "generous" discount to grocery for a month, instead of being only on general merchandise (aka the stuff a 'non supercenter' would sell) or produce. employee stock purchases? so totally not worth it. actual bonuses? not for the rank-and-file. plenty in bentonville get them, though.
actual bonuses? not for the rank-and-file. plenty in bentonville get them, though.
I actually worked at Wal-Mart for 7 years and have several phone calls out to a few market managers because I wouldn't mind going back (at a much higher pay rate after I'm done with school). I'm in the pharmacy, mind you, but the seven years I spent there were as a tech. I can assure you that the rank and file get bonuses every single quarter. There's a big poster in the break room tracking progress. The bonus is given based on store performance in four categories (profit, inventory turns, total sales, and something else). If you're at a high performing store you can make an extra $2000 a year or so (sadly that's ~10% extra for a full time employee). Number-wise for someone like you who probably makes six figures it's probably not much, but to those people who are barely above minimum wage it's huge.
You realize, though, that the crappy situation you're talking about is something endemic to the US economy and not just Wal-Mart. There's a reason that so many people are pushing to raise the minimum wage. Wal-Mart, right before I left, announced that there would be a $10/hr minimum for front-end workers which was a decent improvement from the previous status quo.
That being said, Wal-Mart isn't that bad of a place to work, especially after you break through that living wage barrier and get up to store level management or higher (and they will promote almost anyone as long as they are reasonably competent and stick around long enough). They even offer health insurance to part-time employees (again, if you've been there long enough). From what I understand, it's not as awesome as when Sam was still alive, but it's still not bad.