Wayfair lays off 13% of its workforce weeks after telling employees to work harder::Wayfair is laying off 1,650 employees, amounting to 13% of its global workforce, as the online home goods retailer struggled to rebound following its success amid pandemic lockdowns.
As Co-Founder, Chief Executive Officer and President, Director (Co-Chairman) at Wayfair Inc., Niraj Shah made $751,221 in total compensation. Of this total $80,000 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $671,221 came from other types of compensation. This information is according to proxy statements filed for the 2022 fiscal year.
As Chief Operating Officer at Wayfair Inc., Thomas Netzer made $7,401,188 in total compensation. Of this total $236,539 was received as a salary, $13,462 was received as a bonus, $0 was received in stock options, $7,151,187 was awarded as stock and $0 came from other types of compensation. This information is according to proxy statements filed for the 2022 fiscal year.
As Chief Commercial Officer at Wayfair Inc., Stephen Oblak made $11,216,919 in total compensation. Of this total $236,539 was received as a salary, $13,462 was received as a bonus, $0 was received in stock options, $10,960,533 was awarded as stock and $6,385 came from other types of compensation. This information is according to proxy statements filed for the 2022 fiscal year.
GiddyGap@lemm.ee 9 months ago
Close call! I thought the poor shareholders would be affected. All is good in the world again.
sunbeam60@lemmy.one 9 months ago
You do know a majority of investments are people’s retirement savings? Pension providers compete with each other to offer the best returns, moving to the shares that offer the best outlook for dividends and growth; we are the snake eating its own tail. If you want to one day save up for retirement, you are are a part of this.
Ross_audio@lemmy.world 9 months ago
I’d suggest you look into that a bit closer.
Some investments are pensions, but generally they are buying solely on metrics. It’s also worth noting they’re focused on the long term. Pension funds line bonds, indexes and long term stocks.
The money moving quickly and affecting value day to day, week to week, even quarter to quarter is the rich trying to extract a quick buck.
Pension funds are increasingly likely to be holding the bag on a company that the short termists have eviscerated these days.
If you really care about pensions you’d be in favour of massive market reforms to slow trading and promote companies long term health.
KevonLooney@lemm.ee 9 months ago
Boy do I have news for you. Most retail investora want flashy charts, and they will pay higher fees to see them. They have no idea what they are charged or how it affects their returns.