I don't think Jeff Bezos donates enough (Was - Bezos is pathetic) (1 Viewer)

[stbugs]

I know people who work there. Typically, a tech company gives stock options that vest 25% after a year and 6.25% a quarter thereafter for 3 years.

Amazon employees vest once at the end of 4 years. People go there to get paid, not bc it’s a good place to work, it’s quite the opposite from what I hear. If they want you back, they throw another pile for 4 years at you. You burn out, get paid, leave.

I don't know what your boner is for trashing Amazon, but you are 100% wrong and a bold faced liar sometimes.

First, I happen to know the vesting schedule. It is 5% at the end of year 1, 15% at the end of year two and then 20% more each of the next 6 months. Acting like Amazon is the only fast growing tech company where people leave when they are fully vested is laughable. That happens everywhere.

Second, as stated above, they've pledged $2B already and will likely give more. Amazon stock has gone up a lot over the past few years. So, they compare his net worth right now to periods where his net worth was a quarter or less than what it is now. This is using whatever stats you want to try and paint him poorly to NYC by people who don't want them to expand their HQ there.

I don't know Bezos personally and you don't either, but I can't stand misleading stats and outright lies.

 

[stbugs]

If he leaves Amazon and then never gives a dime, then I’ll be mad at him.  Until then, It’s probably better for all concerned that he spends 100% of his time on Amazon issues.  Just look at Gates, giving away that much money is a full time job in itself that requires the built up organization.  

Agreed. Bill Gates has been doing so much of his charitable giving since he retired. I want Bezos concentrating on the stock price over the next couple years and that's it.

 

[stbugs]

I am not sure you can say the workers are well treated when some have to get food stamps.

Tell me what percentage of businesses now have a $15 per hour minimum wage? Amazon does. It's pretty easy to find examples of people getting food stamps at any large company if they are making the real minimum wage.

 

[Foosball God]

People get worked up about the strangest things.

 

[GoBirds]

I get that it’s a low percentage based on his net worth and income.....at the same time it’s still a lot of money he is donating which is helping a lot more than I am able to. 

 

[skol asylum]

Anybody who keeps a newspaper like the Washington Post going which holds the morons in DC accountable is good with me.

 

[fantasycurse42]

I don't know what your boner is for trashing Amazon, but you are 100% wrong and a bold faced liar sometimes.

First, I happen to know the vesting schedule. It is 5% at the end of year 1, 15% at the end of year two and then 20% more each of the next 6 months. Acting like Amazon is the only fast growing tech company where people leave when they are fully vested is laughable. That happens everywhere.

Second, as stated above, they've pledged $2B already and will likely give more. Amazon stock has gone up a lot over the past few years. So, they compare his net worth right now to periods where his net worth was a quarter or less than what it is now. This is using whatever stats you want to try and paint him poorly to NYC by people who don't want them to expand their HQ there.

I don't know Bezos personally and you don't either, but I can't stand misleading stats and outright lies.

I know 3 people that work in TAM - same thing from all 3 of them, so not sure where the bold face liar comes from. 

The stats are right there, in black and white

 

[fantasycurse42]

Also, out of the 5 richest Americans (and he’s number 1), only guy to not sign the giving pledge. But yea, he’s gonna give it all away. 

He’s certainly brilliant, but that doesn’t make him a good man.

 

[The General]

I don't know what your boner is for trashing Amazon, but you are 100% wrong and a bold faced liar sometimes.

First, I happen to know the vesting schedule. It is 5% at the end of year 1, 15% at the end of year two and then 20% more each of the next 6 months. Acting like Amazon is the only fast growing tech company where people leave when they are fully vested is laughable. That happens everywhere.

Second, as stated above, they've pledged $2B already and will likely give more. Amazon stock has gone up a lot over the past few years. So, they compare his net worth right now to periods where his net worth was a quarter or less than what it is now. This is using whatever stats you want to try and paint him poorly to NYC by people who don't want them to expand their HQ there.

I don't know Bezos personally and you don't either, but I can't stand misleading stats and outright lies.

I know 3 people that work in TAM - same thing from all 3 of them, so not sure where the bold face liar comes from. 

The stats are right there, in black and white

My wife works there. Her vesting plan is close to @stbugs description.

2 Billion is good start. They are all Gates and Buffett though.

 

[eoMMan]

Meh. I think he has done more than enough for this world through his businesses. I look at it like yeah, his monetary donations are low, but he's made the world a better place via his businesses. 

And I agree that criticizing anyone else's giving is a bad look.

 

[belljr]

How much have the Kardashians donated?

 

[shadyridr]

Not a big fan of judging what someone donates. Its his money. He's a billionaire. Of course his percentage is gonna be lower. 

 

[Juxtatarot]

Buffet didn’t start giving away much money until he got older. He made the comment that hoarding it when he was younger and taking advantage of it appreciating over time allowed for him to have a lot more money to give now.

I’m not sure about Gates but he certainly stepped it up later in life with his foundation.

Bezos is still a relatively young man. 

 

[bigmarc27]

Fantasycurse spends 91% of his time hating Jeff Bezos, that’s way more impressive than the 44% his ex-wife spends hating him and she was cheated on. 

 

[bigmarc27]

Also the guy could straight up nuke half the planet as long as I can still get batteries delivered to my door in 2 days.  

 

[Dan Lambskin]

I’ve heard Bezos has a giant hog too

 

[stbugs]

My wife works there. Her vesting plan is close to @stbugs description.

2 Billion is good start. They are all Gates and Buffett though.

Exactly. The 0% vesting until 4 years is not true. My wife also works there so I know what the vesting schedule is. Comparing to Gates is funny because Gates really got huge into charity after retiring from Microsoft.

 

[GoBirds]

Buffet didn’t start giving away much money until he got older. He made the comment that hoarding it when he was younger and taking advantage of it appreciating over time allowed for him to have a lot more money to give now.

I’m not sure about Gates but he certainly stepped it up later in life with his foundation.

Bezos is still a relatively young man. 

That’s a really good point with Buffet and makes a lot of sense. I think you let it play out further before we bury him.....he’s building a giant (and wife about to grab a big chunk). 

 

[Cjw_55106]

I do a lot of work with unwed mothers.

See Jeff Bezos, even unwed mothers can be charitable. 

 

[Ilov80s]

I’m surprised for all the Bezo apologists in here. Even after he finally made the $2 billion donation it only amounts to about 1.5% of his net worth. Yes he has created jobs but many of them are awful jobs. He’s also put a lot of other people out of work. I do believe he has a moral obligation to humanity to give back more than 1.5%.

 

[snogger]

Buffet didn’t start giving away much money until he got older. He made the comment that hoarding it when he was younger and taking advantage of it appreciating over time allowed for him to have a lot more money to give now.

I’m not sure about Gates but he certainly stepped it up later in life with his foundation.

Bezos is still a relatively young man. 

   Gates was the "Hated man for being rich" before this internet thing came about.
He didn't become the person he is today until later in life.

 

[Otis]

I’m surprised for all the Bezo apologists in here. Even after he finally made the $2 billion donation it only amounts to about 1.5% of his net worth. Yes he has created jobs but many of them are awful jobs. He’s also put a lot of other people out of work. I do believe he has a moral obligation to humanity to give back more than 1.5%.

What percentage of net worth is the appropriate percentage to give away in order to meet one’s moral obligation?

 

[belljr]

I’m surprised for all the Bezo apologists in here. Even after he finally made the $2 billion donation it only amounts to about 1.5% of his net worth. Yes he has created jobs but many of them are awful jobs. He’s also put a lot of other people out of work. I do believe he has a moral obligation to humanity to give back more than 1.5%.

As long as we publicly shame all rich people and their charitible contributions percentage.

 

[belljr]

I only donate ~ .05 so I know I'm pathetic

 

[stbugs]

I’m surprised for all the Bezo apologists in here. Even after he finally made the $2 billion donation it only amounts to about 1.5% of his net worth. Yes he has created jobs but many of them are awful jobs. He’s also put a lot of other people out of work. I do believe he has a moral obligation to humanity to give back more than 1.5%.

At the same point in their careers Gates and Buffett hadn’t created their pledge and donated billions. Buffett started buying BH in 1962. Microsoft was founded in 1975. Amazon was founded in 1994. Comparing what Gates and Buffett do now compared to Bezos is apples to oranges. I’m not apologizing for anything but where Bezos and his company are (regardless of market cap) is far less mature than the other two. In 1995, Gates wasn’t what he is now. Heck Gates has been retired for 5 years. 

 

[Osaurus]

Guessing his soon to be ex-wife is a giver.

 

[Ilov80s]

What percentage of net worth is the appropriate percentage to give away in order to meet one’s moral obligation?

In Islam it’s 2.5%, Christianity it is 10%. I think somewhere in that range starts to be acceptable but it really should be on the high end for the richest people in the world.

 

[Ilov80s]

As long as we publicly shame all rich people and their charitible contributions percentage.

I’m fine with that.

 

[fantasycurse42]

Not a big fan of judging what someone donates. Its his money. He's a billionaire. Of course his percentage is gonna be lower. 

Wat?

Exactly. The 0% vesting until 4 years is not true. My wife also works there so I know what the vesting schedule is. Comparing to Gates is funny because Gates really got huge into charity after retiring from Microsoft.

Have you considered that this could be different per seniority level and department? The fact that in your equation someone you know picks up 20% after 2 years when at most other tech companies the number is 50%, it could be closer universally to my numbers?

You’re just quick to jump in, bash me if I say anything negative about your undying love for Amazon. This has become par for the course in our interactions about them.  

I don’t bash Amazon, the company is plenty useful. I think Bezos is a lowlife though - that’s my opinion, which I’m entitled to. 

Fantasycurse spends 91% of his time hating Jeff Bezos, that’s way more impressive than the 44% his ex-wife spends hating him and she was cheated on. 

Good one.

I’m surprised for all the Bezo apologists in here. Even after he finally made the $2 billion donation it only amounts to about 1.5% of his net worth. Yes he has created jobs but many of them are awful jobs. He’s also put a lot of other people out of work. I do believe he has a moral obligation to humanity to give back more than 1.5%.

As long as they can get their Amazon Basics HDMI cables for $7 in 2 days, the man has free rein. And yes, those fulfillment & warehouse  jobs A) suck B) make up a huge number under their total headcount C) Bezos would love to automate them out D) might be trying to unionize (I guess they’re so happy they want to pay union dues for protection).

 

[bigmarc27]

I’m surprised for all the Bezo apologists in here. Even after he finally made the $2 billion donation it only amounts to about 1.5% of his net worth. Yes he has created jobs but many of them are awful jobs. He’s also put a lot of other people out of work. I do believe he has a moral obligation to humanity to give back more than 1.5%.

I’m not a Bezo apologist, I just think it’s odd to get into someone’s pocket because you’re mad that they’re not giving enough to charity. Not that he’s not giving, he’s not giving enough according to...  whom?  Let’s say he gave half his net worth to feline leukemia, then I’d have to hear about how he doesn’t care about humans.  

 

[bigmarc27]

In Islam it’s 2.5%, Christianity it is 10%. I think somewhere in that range starts to be acceptable but it really should be on the high end for the richest people in the world.

I think the entire adultery thing is a bigger issue than his church tithing at the moment. 

 

[Epic Problem]

In Islam it’s 2.5%, Christianity it is 10%. I think somewhere in that range starts to be acceptable but it really should be on the high end for the richest people in the world.

Not sure what's more ridiculous, allowing a religion to dictate the guidelines or wealth. 

 

[Ilov80s]

At the same point in their careers Gates and Buffett hadn’t created their pledge and donated billions. Buffett started buying BH in 1962. Microsoft was founded in 1975. Amazon was founded in 1994. Comparing what Gates and Buffett do now compared to Bezos is apples to oranges. I’m not apologizing for anything but where Bezos and his company are (regardless of market cap) is far less mature than the other two. In 1995, Gates wasn’t what he is now. Heck Gates has been retired for 5 years. 

Sure there is still time for Bezos to get on the right side of this. In know some have mentioned the more he keeps the more he can turn into more money later. Maybe it means but he can donate note? However there is also the lost growth that delayed charity has. If you wait 15 years to give to a big donation to say funding cancer research, that’s 15 years worth of breakthroughs delayed.

 

[Ilov80s]

Not sure what's more ridiculous, allowing a religion to dictate the guidelines or wealth. 

I’m not religious, just laying out historical guidelines. Instead of thinking of it as religion, think of it has hundreds of millions of people who have gone before him. 

 

[fantasycurse42]

What percentage of net worth is the appropriate percentage to give away in order to meet one’s moral obligation?

It’s possible that he has more money than those 600k workers he has, combined - I’d say a lot

 

[CletiusMaximus]

I’d be careful judging a man based on a NYPost story. The only source they cite is a NYC council member from Queens.  How do they have access to his personal finances?  I read it pretty quickly, but it seems to me maybe the author is assuming his donations to the family foundation are 100% of his charity. 

 

[belljr]

Rob Walton has only donated .04% but we already knew they were pathetic

 

[Ilov80s]

I’d be careful judging a man based on a NYPost story. The only source they cite is a NYC council member from Queens.  How do they have access to his personal finances?  I read it pretty quickly, but it seems to me maybe the author is assuming his donations to the family foundation are 100% of his charity. 

Good point and if the story is wrong and I look like a moron.

 

[Ilov80s]

Still more than anything, I’m just surprised at all the people so quick to defend Bezos or speculate on how it’s not what we think and he how he has plenty of time later in life to donate. Good to know plenty of people are there ready to stand up for the richest guy on the planet. I would have expected the default response from most people to be “Oh that sounds pretty low. As the wealthiest man alive he is a unique position to help fellow man. I hope he does better.”

 

[fantasycurse42]

Good point and I fully the story is wrong and I look like a moron.

Plenty of other sources on this.

 

[Ilov80s]

And enough with the “but he created all those jobs” because that ignores the idea that the entire concept behind Amazon is that it destroys jobs. More US jobs are being lost to Amazon than China.

 

[Epic Problem]

Plenty of other sources on this.

Obviously you're the resident expert on the subject, so we'll just go ahead and take your word on it and not ask for proof. 

 

[fantasycurse42]

Obviously you're the resident expert on the subject, so we'll just go ahead and take your word on it and not ask for proof. 

I understand the complexities of Google can be tough for some, I’ll help you out when I get to work.

 

[belljr]

Still more than anything, I’m just surprised at all the people so quick to defend Bezos or speculate on how it’s not what we think and he how he has plenty of time later in life to donate. Good to know plenty of people are there ready to stand up for the richest guy on the planet. I would have expected the default response from most people to be “Oh that sounds pretty low. As the wealthiest man alive he is a unique position to help fellow man. I hope he does better.”

I look at it this way.  Its like when someone like say Lebron James donates 100K to wild fires and everyone is OMG only 100K.  

Look do I wish he donated more, sure.  But I'm not going to cast judgement on some ones donations to charity.   Guy is a self made as far as I understand it.   

He could be a scumbag but for other reasons.    

 

[bigmarc27]

Still more than anything, I’m just surprised at all the people so quick to defend Bezos or speculate on how it’s not what we think and he how he has plenty of time later in life to donate. Good to know plenty of people are there ready to stand up for the richest guy on the planet. I would have expected the default response from most people to be “Oh that sounds pretty low. As the wealthiest man alive he is a unique position to help fellow man. I hope he does better.”

I’d like the guy to do more just like I hope everyone would do more or at least what they can.  I just don’t understand people condemning someone for what they’re giving.  I’m not going to start a thread that says “Ilove 80s is pathetic!  He has enough time to post 44k messages on a fantasy football board, and has only volunteered at a soup kitchen twice in his life!!”  

 

[Epic Problem]

I understand the complexities of Google can be tough for some, I’ll help you out when I get to work.

Not sure why you think its anyone's job to defend him from your likely ridiculous, ill-informed accusations. The onus is on you to prove them. 

 

[Ilov80s]

I’d like the guy to do more just like I hope everyone would do more or at least what they can.  I just don’t understand people condemning someone for what they’re giving.  I’m not going to start a thread that says “Ilove 80s is pathetic!  He has enough time to post 44k messages on a fantasy football board, and has only volunteered at a soup kitchen twice in his life!!”  

Because we as a human population have directed an incredible amount of collective human wealth to him and we would like to see it go to good use, be re-circulated, etc.

 

[stbugs]

Wat?

Have you considered that this could be different per seniority level and department? The fact that in your equation someone you know picks up 20% after 2 years when at most other tech companies the number is 50%, it could be closer universally to my numbers?

You’re just quick to jump in, bash me if I say anything negative about your undying love for Amazon. This has become par for the course in our interactions about them.  

I don’t bash Amazon, the company is plenty useful. I think Bezos is a lowlife though - that’s my opinion, which I’m entitled to. 

Good one.

As long as they can get their Amazon Basics HDMI cables for $7 in 2 days, the man has free rein. And yes, those fulfillment & warehouse  jobs A) suck B) make up a huge number under their total headcount C) Bezos would love to automate them out D) might be trying to unionize (I guess they’re so happy they want to pay union dues for protection).

You said 0 vesting until year 4, that’s not true. At the end of year 3, you are at 60%. Maybe it’s behind others, but it’s not what you said. 

 

[eoMMan]

Still more than anything, I’m just surprised at all the people so quick to defend Bezos or speculate on how it’s not what we think and he how he has plenty of time later in life to donate. Good to know plenty of people are there ready to stand up for the richest guy on the planet. I would have expected the default response from most people to be “Oh that sounds pretty low. As the wealthiest man alive he is a unique position to help fellow man. I hope he does better.”

I'm surprised at how quick people are to criticize him and how he chooses to use his money.

 

[Ilov80s]

I'm surprised at how quick people are to criticize him and how he chooses to use his money.

Fair enough. If there’s a disagreement on whether we do or don’t criticize the richest person on Earth for how much they give back to humanity than I know which side I want to be on.