They’ve made a cute little task force to talk about why we’re mad about our pay, but they’re not going to do anything. They’re just coming around to look concerned, show face, and act like they care. This greedy company is all for show. Answer: Trickle your profits down! It’s that simple.
Lots of union talk lately. Maybe if they’d pay us, people wouldn’t be so upset.
Oh and P.S. pay us. Seriously pay us. We want the money we made you.
Spoke to 2 HODs a few months ago and they weren't sure whether it is RSU or discounted shares that will be offered (not sure about now). They expressed worries about exercising their rights if it is not RSU. Even if GF provides a 20% discount for its share, GF stock might plunge far below that on the first few days of IPO. They know that GF stock price has a slim chance to survive after 1st financial report is published.
Unless it is RSU (free options), my take is you are better off just investing in the S&P500 index fund.
They may not give free shares ( RSU) instead they will offer ESOP which is discounted shares allocated after collecting money for year.
Assume you contribute 900 for ESOP you might get 1000 dollar worth share 10% discount you might get but if you invest in TSMC in trading platform you might get more than profit
@5sgv+1d1Cb0kO GF feeds my family and then some. I want equity and growth so I'm not doomed to work for a company like GF for 25 more years
There is one sure way to get stock options, quit and get a job with a company that offers it from day 1. Stop hoping, hope doesnt feed our family.
I think if you haven't heard by now, then you probably aren't getting anything. I wonder if they'll offer equity as part of a counter to a resignation, instead of retention "bonuses".
I should be finding out soon. Will update you all.
@5mpz+1d1Cb0kO
I think the management has not come clean on who will get the stock options.
From what I know, only those deputy directors and above will qualify as their past increment and "bonus" are in options since 2019.
My managers like to ask about stock options in comm sessions and I just feel bad for them to keep on hoping MTS or managers will get it.
To @OP+1d1Cb0kO " ...task force to talk about why we’re mad about our pay".
Stock options for rank-and-file employees is the industry standard - so why not for GloFo?
That much for "equity and diversity" - all that 'smoke and mirrors' from the filthy greedy.
Talk about competitive pay these guys have no freaking clue of what competitive pay is. Emily/Jordan have no clue and during the calls all they say is we will take action but then there is no action or accountability.
To @yrd+ - "a special breed of stupid" or aren't they?
With Social Security (COLA) increase of 6.2% - the highest in last 40 years due to the skyrocketed inflation - our average raise results in 4.4% cut ! Thanks a lot.
A filthy greedy breed - nothing else matters for them except IPO grants that could pay Tom up to $300M (1% of ipo value is typical), ... unless S-company or INT will buy GloFo before IPO and will replace SLT layers with their own - good scenario for Halloween Party this year!
Big Game for the top brass, everybody else - collateral damage.
They really must be a special breed of stupid.
"Out workers aren't happy with their pay! Why don't they understand that we have a six figure salary. They should be happy that they even have a job."
Really, they have to be a new breed.