Lastly, I want to ensure that every available resource is being used in the service of becoming the industry leader in workplace excellence. Accordingly, I have asked our Board of Directors to reduce my total compensation until the Board has determined that we have achieved the transformational gender-related goals and other commitments described above. Specifically, I have asked the Board to reduce my pay to the lowest amount California law will allow for people earning a salary, which this year is $62,500. To be clear, this is a reduction in my overall compensation, not just my salary. I am asking not to receive any bonuses or be granted any equity during this time.
There’s a tendency when companies face challenging moments to lose sight of what makes them special, what makes them great. You are a truly special group of people who – through passion, conviction, drive, and determination – keep accomplishing extraordinary things. While the critical work ahead won’t be easy, I am confident our collective commitment to workplace excellence will be achieved.
I truly wish not a single employee had had an experience at work that resulted in hurt, humiliation, or worse – and to those who were affected, I sincerely apologize. You have my commitment that we will do everything possible to honor our values and create the workplace every member of this team deserves.
I am grateful for how much people care about this company, and I appreciate that many past and present employees have reached out with their thoughts, concerns, complaints, and suggestions. Your experiences, so courageously shared, serve as reason and reminder for why it is so important for us to do better. And we will.
Simon Says wrote on Oct 28, 2021, 19:02:Not sure if anyone has gotten around to explaining the difference.NKD wrote on Oct 28, 2021, 18:08:
OK well whether or not you like it, that's the law in California, so what he said was accurate.
That's relative. And whether I like it or not is irrelevant, the minimum wage in the US, and California is in the US, isn't a "fat" 62.4K/year, it's 15K/year. That's the lowest legal full-time salary for 1 year of work at 40 hours/week for 52 weeks ( tipped work notwithstanding ).Laughing Man wrote on Oct 28, 2021, 18:45:
Have you ever had a job? I find it odd you don't understand the difference between being salary and hourly.
Spare me your attempt at an Ad Hominem.
https://www.merriam-webster.com/thesaurus/salary
Notice "wage" in the synonyms. How are wages measured? Hourly! Well... Who would've guessed?
But... I will allow the possibility that it's not the same thing, as it is in pretty much every other language including my mother tongue ( french ). So if somehow this is another so-called "American exceptionalism", then educate me instead of throwing counter-productive and useless Ad Hominems around please will you? At least that would be constructive.
Simon Says wrote on Oct 28, 2021, 19:02:NKD wrote on Oct 28, 2021, 18:08:
OK well whether or not you like it, that's the law in California, so what he said was accurate.
That's relative.
Simon Says wrote on Oct 28, 2021, 19:02:That's a really long way of saying you don't know the difference between salaried and hourlyNKD wrote on Oct 28, 2021, 18:08:
OK well whether or not you like it, that's the law in California, so what he said was accurate.
That's relative. And whether I like it or not is irrelevant, the minimum wage in the US, and California is in the US, isn't a "fat" 62.4K/year, it's 15K/year. That's the lowest legal full-time salary for 1 year of work at 40 hours/week for 52 weeks ( tipped work notwithstanding ).Laughing Man wrote on Oct 28, 2021, 18:45:
Have you ever had a job? I find it odd you don't understand the difference between being salary and hourly.
Spare me your attempt at an Ad Hominem.
https://www.merriam-webster.com/thesaurus/salary
Notice "wage" in the synonyms. How are wages measured? Hourly! Well... Who would've guessed?
But... I will allow the possibility that it's not the same thing, as it is in pretty much every other language including my mother tongue ( french ). So if somehow this is another so-called "American exceptionalism", then educate me instead of throwing counter-productive and useless Ad Hominems around please will you? At least that would be constructive.
Simon Says wrote on Oct 28, 2021, 19:02:NKD wrote on Oct 28, 2021, 18:08:
OK well whether or not you like it, that's the law in California, so what he said was accurate.
That's relative. And whether I like it or not is irrelevant, the minimum wage in the US, and California is in the US, isn't a "fat" 62.4K/year, it's 15K/year. That's the lowest legal full-time salary for 1 year of work at 40 hours/week for 52 weeks ( tipped work notwithstanding ).Laughing Man wrote on Oct 28, 2021, 18:45:
Have you ever had a job? I find it odd you don't understand the difference between being salary and hourly.
Spare me your weak attempt at an Ad Hominem.
https://www.merriam-webster.com/thesaurus/salary
Notice "wage" in the synonyms. How are wages measured? Hourly! Well... Who would've guessed?
But... I will allow the possibility that it's not the same thing, as it is in pretty much every other language including my mother tongue ( french ). So if somehow this is another so-called "American exceptionalism", then educate me instead of throwing counter-productive and useless Ad Hominems around please will you? At least that would be constructive.
NKD wrote on Oct 28, 2021, 18:08:
OK well whether or not you like it, that's the law in California, so what he said was accurate.
Laughing Man wrote on Oct 28, 2021, 18:45:
Have you ever had a job? I find it odd you don't understand the difference between being salary and hourly.
Simon Says wrote on Oct 28, 2021, 17:41:Have you ever had a job? I find it odd you don't understand the difference between being salary and hourly.NKD wrote on Oct 28, 2021, 16:08:
In California, "White collar" or executive/administrative type employees, independent contractors, etc. have a different minimum salary based on roughly double minimum wage for a 40 hour week, and it depends on how many employees their company has as well. The minimum salary for those types of workers in California in 2022, if your company has 26 or more employees, is $62,400. You can probably look up the exact qualifications for what type of workers this applies to.
Couldn't care less if he's a "white collar" worker or brown brake trace in underwear worker, minimum wage is lowest wage. Heck, 62.4K isn't even below the poverty line.
Simon Says wrote on Oct 28, 2021, 17:41:NKD wrote on Oct 28, 2021, 16:08:
In California, "White collar" or executive/administrative type employees, independent contractors, etc. have a different minimum salary based on roughly double minimum wage for a 40 hour week, and it depends on how many employees their company has as well. The minimum salary for those types of workers in California in 2022, if your company has 26 or more employees, is $62,400. You can probably look up the exact qualifications for what type of workers this applies to.
Couldn't care less if he's a "white collar" worker or brown brake trace in underwear worker, minimum wage is lowest wage. Heck, 62.4K isn't even below the poverty line.
NKD wrote on Oct 28, 2021, 16:08:
In California, "White collar" or executive/administrative type employees, independent contractors, etc. have a different minimum salary based on roughly double minimum wage for a 40 hour week, and it depends on how many employees their company has as well. The minimum salary for those types of workers in California in 2022, if your company has 26 or more employees, is $62,400. You can probably look up the exact qualifications for what type of workers this applies to.
To be clear, this is a reduction in my overall compensation, not just my salary. I am asking not to receive any bonuses or be granted any equity during this time.
Simon Says wrote on Oct 28, 2021, 15:58:
He must be taking everyone for idiots... Lowest salary is MINIMUM WAGE.
NKD wrote on Oct 28, 2021, 15:47:I agree if you've been in that mindset your whole life -- yeah, you'd start feeling like you were getting ripped off pretty quickly. Me? I'd just walk away after a year.Mr. Tact wrote on Oct 28, 2021, 15:35:
I promise if you give me $200 million for one year of work, I will not mind if you cut my pay the next year.
After a few years at that amount though you'd probably get a little miffed that they were cutting your compensation to zero. A lot of rich, greedy people weren't always rich and greedy. Making a shit ton of money enabled them to become that way. It doesn't matter if they make more than enough money to fund their desired lifestyle. It's still a dick measuring contest with your rich friends.
NKD wrote on Oct 28, 2021, 13:47:intermarer wrote on Oct 28, 2021, 13:33:an increased percentage of female and non-binary employeesHow can you run a business like this? Wouldn't it make more sense to just hire based on skill?
It's both. They aren't just going "Hey, you're a woman, HIRED!" to every woman who comes through the door. What these types of diversity pushes mean is that they are going out of their way to find female/non-binary employees who are qualified for the job. As you can see by companies getting absolutely keel-hauled because they have toxic bro culture, there's a little more to consider to the bottom line than the competency of your workers.
I imagine you'd find an inverse correlation between companies with large numbers of female and non-binary employees and companies with toxic bro culture problems and multiple sexual harrassment investigations.
roguebanshee wrote on Oct 28, 2021, 12:41:I'm sure there's some expense in creating and implementing programs to address the issues they have been accused of. Probably not $200M, but several millions at least.The Half Elf wrote on Oct 28, 2021, 11:38:To be fair, he's asking to not even receive any bonus this year.
Really? A pay cut? Dude ya got millions every year in bonus's.
Not that it'll really matter to his financial status due to the massive bonuses he's received in previous years. And as mentioned, it doesn't really have anything to do with making the workplace environment better whatsoever. Because the "saved" money will almost certainly just go to the investors instead.