Re:Facebook's latest raise to cash out employees is disgusting
by bilbo0s on Sunday May 17, 2009 @03:41AM
(#613154)
I wonder why they don't do profit sharing?
Oh wait!
Never mind.
As an aside, I have noticed more and more profit sharing in China recently. Maybe it is only because my Mandarin is finally getting respectable, and I can now interpret what was there the whole time. But it is an interesting contrast. Our workers get 'cash-outs' or 'guaranteed bonuses' in the case of bankers. Their workers are forced to share in the profits, AND losses of the company. Time will tell which is the better incentive system I suppose.
One more thing I know people will get a kick out of, over there they also have another crazy idea. If they make profits, they split it among the shareholders as well! I think it was Yunnan that just made the largest payout ever to A-share holders a few months back, March maybe. Largest payouts for China that is, but there is a bit of a competition among the companies to one up each other. Imagine that.
Oh wait!
Never mind.
As an aside, I have noticed more and more profit sharing in China recently. Maybe it is only because my Mandarin is finally getting respectable, and I can now interpret what was there the whole time. But it is an interesting contrast. Our workers get 'cash-outs' or 'guaranteed bonuses' in the case of bankers. Their workers are forced to share in the profits, AND losses of the company. Time will tell which is the better incentive system I suppose.
One more thing I know people will get a kick out of, over there they also have another crazy idea. If they make profits, they split it among the shareholders as well! I think it was Yunnan that just made the largest payout ever to A-share holders a few months back, March maybe. Largest payouts for China that is, but there is a bit of a competition among the companies to one up each other. Imagine that.