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☆ Shopify had a bumpy 2022, with a stock split, layoffs, and more. These are the biggest stories about the e-commerce company.
  + stars: | 2022-12-29 | by ( Madeline Stone | ) www.businessinsider.com   time to read: +10 min
After seeing explosive sales and revenue growth during the earlier days of the Covid-19 pandemic, the Canadian e-commerce company saw its business come back down to earth this year. Shopify employees are granted restricted stock units, or RSUs, in addition to their base salaries. MayOn May 2, Shopify announced plans to acquire e-commerce fulfillment startup Deliverr for more than $2 billion. The acquisition was intended to help Shopify merchants offer one and two-day shipping to their customers. On December 15, Shopify announced that it was doubling down on its sustainability efforts by investing $11 million in carbon removal projects.
☆ Tech kept talent happy doling out stock during the boom. It's screwing investors in the bust.
  + stars: | 2022-12-01 | by ( Asia Martin | ) www.businessinsider.com   time to read: +5 min
As tech stock prices plunge, firms are granting new stocks to staff to keep compensation high. But as stock values tumble in the second half of 2022, investors are looking at the increase in stock-based compensation (SBC) as an issue. And tech companies have been issuing a lot of shares to not only attract new employees but hang on to their existing ones. Peloton granted more than 4 million stock options and 1.7 million RSUs in its fiscal year that ended in June 2021. "The drop in the stock price makes the expense, for lack of a better way to phrase it, a lot more expensive," he added.
☆ Disney CEO Bob Iger's pay package is valued at $27 million a year
  + stars: | 2022-11-21 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +2 min
Bob Iger, who led Disney for 15 years, was abruptly reinstated as CEO on Sunday. For each year Iger serves as CEO, he "will be granted a long-term incentive award having a target value of $25 million," according to the filing. Iger, who led Disney as its CEO for 15 years, was routinely one of Hollywood's top-paid executives. In 2019, his last full year as CEO, Iger earned $47.5 million: $3 million in salary, a $21.8 million bonus, $10 million worth of stock awards, and $9.6 million worth of stock options. Chapek could be walking away with at least $23.4 million, according to Bloomberg.
☆ AIG's Zaffino gets 5-year extension as CEO
  + stars: | 2022-11-10 | by ( ) www.reuters.com   time to read: +1 min
Nov 10 (Reuters) - Insurer American International Group Inc's (AIG.N) Chief Executive Officer Peter Zaffino's employment term has been extended for five years through Nov. 10, 2027, the company said late on Thursday in a filing. The company's board approved a one-time grant in the form of restricted stock units (RSUs) having a grant date value of $50 million to Zaffino, according to the filing. He will also receive an annual base salary of $1.5 million and an annual cash bonus of $4.5 million based on the board's assessment of his performance. Zaffino previously served as the chief executive officer of insurance broker Marsh & McLennan Companies Inc (MMC.N). Reporting by Mehnaz Yasmin in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
☆ TikTok owner ByteDance increases price of stock option buyback
  + stars: | 2022-10-12 | by ( ) www.reuters.com   time to read: +3 min
REUTERS/Dado Ruvic/IllustrationBEIJING, Oct 12 (Reuters) - TikTok's Chinese owner ByteDance is initiating a second stock option buyback for employees this year at a higher price than the previous one to try and motivate staff amid slowing growth and uncertainty over a plan to go public, some employees said. They said ByteDance told them in an email that those eligible can apply to cash out their Restricted Stock Units (RSUs), ByteDance's stock option programme. It offered $155 per unit, up from the $142 price set in the buyback earlier this year, two of the employees said. After receiving the company's email, some ByteDance employees told Reuters that they were considering cashing out some or all of their holdings as they believe it's a good price to sell given the overall economic environment. The 10-year-old company usually launches stock option buybacks twice a year for employees, separate sources have said.
☆ TikTok owner ByteDance increases price of share buyback for staff -sources
  + stars: | 2022-10-12 | by ( ) www.reuters.com   time to read: +2 min
They said ByteDance told employees in an email that those eligible can apply to cash out their Restricted Stock Units (RSUs), ByteDance's stock option programme. It offered $155 per unit, up from the $142 price set in the buyback earlier this year, they said. It could not be immediately determined how much of the company is owned by employees or how much ByteDance has set aside for the buyback. The 10-year-old company usually launches stock option buybacks twice a year for employees, separate sources have said. ByteDance had explored conducting an initial public offering (IPO) in Hong Kong, different sources have told Reuters.
☆ A CFP who was rated as one of America's top financial planners in 2021 explains why employees who get restricted stock options should sell as soon as their lock-up ends
  + stars: | 2022-09-22 | by ( A.J. Cohen | ) www.businessinsider.com   time to read: +5 min
If you've received a job offer that includes equity-based stock options, you may have been offered something called restricted stock units (RSUs). Stock options are more commonly offered, and involve the company giving employees the ability to buy company stock at a discounted price, usually referred to as "strike price" or "exercise." "Research has shown that this is best achieved by receiving market performance via low cost index funds." Index funds are passively managed, low-cost investment funds that places the investor's assets to a portfolio of stocks that are meant to mimic a particular financial market. Index funds are popular with a lot of people striving for early retirement due to their consistency and the longevity on those returns.
☆ Shopify's long-awaited compensation reorg is rolling out as falling tech-stock prices frustrate employees across the industry
  + stars: | 2022-09-16 | by ( Madeline Stone | Ann Gehan | ) www.businessinsider.com   time to read: +5 min
Shopify announced Friday it haS launched its new compensation plan for employees, called Flex Comp. After several months of delays, Shopify announced on Friday that it has officially rolled out its new compensation plan for employees. Called Flex Comp, the system gives employees the ability to determine how much of their compensation comes in the forms of cash and stock. However, Shopify is not currently offering the new compensation structure to employees "whose performance is off track," a spokesperson said to Insider. "It aligns employees' interests with the success of the company, makes employees feel like owners, and certainly gives them opportunities for immense wealth creation."
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