Juan Soto Rejects $440M Offer From Nats

[pewe]

Originally Posted by rngrdanny22

He won't be able to name one because that's how his company brainwashed him.

I named dozens. Its the standard, so quite easy to observe.

[pewe]

Originally Posted by NYBBFAN

On what planet does Amazon pay below market for their top talent?

I’m not sure you understand the landscape there.

Either that, or you don't know how their comp works.

Most people I know take a large salary pay cut to work at Amazon. They feather it in over 3 years, but it can be painful. And people I know leaving Amazon can earn multiples more going to GOOG or MSFT or whatever. The stock vesting becomes the hurdle to leaving.

They've had some issues lately given their stock tanking, that has caused them to raise their salary a bit. But its still well below market.

[NYBBFAN]

Originally Posted by pewe

Either that, or you don't know how their comp works.

Most people take a large salary pay cut to work at Amazon. They feather it in over 3 years, but it can be painful.

They've had some issues lately given their stock tanking, that has caused them to raise their salary a bit. But its still well below market.

I am employed by Amazon. You are 100% misinformed.

[pewe]

Originally Posted by NYBBFAN

I am employed by Amazon. You are 100% misinformed.

I have dozens of friends who have joined, and left over the last 20 years - Product Management, Development, Product GMs, etc.. I have spoken to head hunters and teams from there several times.

With that said, if I could have convinced my wife to move back to Seattle, I would have been there in a heartbeat, even though it would mean a pay cut. Seems like a great company (tough culture, of course), and I'd love to be back near my extended family.

[Seitas]

Originally Posted by pewe

Costco, Amazon, Wallmart, McKinsey & Co., Goldman Sachs, Mass General Hospital, Harvard University, Saachi and Saachi, etc.

In the old days this would be companies like GM, GE, IBM, etc.

Law firms, accountants, architects, PE/VC funds... this is a super durable trend

Essentially, find the top leading companies and organizations in any space, and you will find their compensation relative to the quality of their talent (i.e., what those people could get paid elsewhere) has their people under paid. Evidence is pretty easy: they tend to leave jobs at those places to earn much more elsewhere.

There are a lot of case studies on this out there. And HR consultants work with their clients to rotate to the right side of this.

Top talent wants more than $$. And if you don't provide it (like a winning team and colleagues), they tend to attrite.

Not true. Costco pays amongst the best in all of retail and it’s well known. Amazon is an absolutely terrible place to work and shouldn’t even be mentioned.
Your grabbing at straws to make your point and it’s not grounded in truth. I have these discussions everyday and no one is looking to pay below scale and expecting top talent. I don’t know where you’re getting any of this from but it’s not true.
The only company that you mention that’s remotely close is GE under jack welch and that approach proved to be unsustainable.

[pewe]

Originally Posted by NYBBFAN

I am employed by Amazon. You are 100% misinformed.

BTW if you want to do personal comps... check roles at places like Wayfair or eBay or etc., and see what they'd comp for the same developer, product manager, GM, etc. type roles.

Perhaps I'm helping you find a higher paying job, right now

But man... moving from Seattle?!? Especially if you got a house before prices went through the roof. That would be tough. Better to go to MSFT or Expedia or something locally.

[pewe]

Originally Posted by Seitas

Not true. Costco pays amongst the best in all of retail and it’s well known. Amazon is an absolutely terrible place to work and shouldn’t even be mentioned.
Your grabbing at straws to make your point and it’s not grounded in truth. I have these discussions everyday and no one is looking to pay below scale and expecting top talent. I don’t know where you’re getting any of this from but it’s not true.
The only company that you mention that’s remotely close is GE under jack welch and that approach proved to be unsustainable.

I think you may be confusing two things: average pay at a company, with the amount their talent could get paid elsewhere.

For instance, a mid-level executive at Costco would probably get a pay bump if they went to a talent hungry company. Because they have great talent that is in high demand elsewhere. Thus Costco is getting a cash discount.

I threw Costco in as I had a few friends coming and going from there around 2005-2010 timeframe - so I'm a little more distant on them, presently. I thought it was pretty amazing how they developed talent - everyone had to work a store on their way up. Sounded like a cool experience for someone who wanted that type of career. And I think they are probably still considered a market leader? Retail isn't really my thing, so I could be wrong on that, too.

[EBCollectibles]

It must be nice to turn down $400,000,000. What would be something if he got hurt now and never could play again would we say " GREED " got him and his agent?

[rman112]

Originally Posted by Eckstein197

Juan Soto isn’t comparable to any normal humans. You can’t properly relate Soto to any person with a normal job because Soto is arguably what, a top 10 at worst person in their entire job in the entire world. Joe Schmo in finance making 150K isn’t a top 10 person in the world at their job.

It's to show just HOW much money it is. We see all these insane contracts that it's easy to lose touch.

[rngrdanny22]

Originally Posted by EBCollectibles

It must be nice to turn down $400,000,000. What would be something if he got hurt now and never could play again would we say " GREED " got him and his agent?

That's a whole lotta words to say, "I haven't read through the thread."

[zworykin]

Originally Posted by EBCollectibles

It must be nice to turn down $400,000,000. What would be something if he got hurt now and never could play again would we say " GREED " got him and his agent?

Only if we don't understand what the word 'greed' means, and have somehow conflated the ideas of 'being greedy' and 'not accepting an offer that doesn't fulfill our desires, which may have nothing at all to do with money.'

[EBCollectibles]

Originally Posted by rngrdanny22

That's a whole lotta words to say, "I haven't read through the thread."

What is a lot of words to say?

[anusinha]

Stanford University pays doctors like crap, seriously, its the lowest paying job in the bay area. People work their for a year or two to put it on their resume before getting a job in industry.

[JRX]

Soto has so far shown that hes capable of being one of the best hitters in the last 2 decades. Except hes only done that for around half a season. At his best he was almost bonds like. However, hes not fast, hes not great in the field, I'd want to see him have that all world season before giving him 500m or whatever it is he wants.

Sent from my SM-G955U using Tapatalk

[StateEx]

Originally Posted by pewe

Either that, or you don't know how their comp works.

Most people I know take a large salary pay cut to work at Amazon. They feather it in over 3 years, but it can be painful. And people I know leaving Amazon can earn multiples more going to GOOG or MSFT or whatever. The stock vesting becomes the hurdle to leaving.

They've had some issues lately given their stock tanking, that has caused them to raise their salary a bit. But its still well below market.

I can confirm this is true. I've had multiple friends interview with Amazon but not accept jobs because of their comp plan.

[KhalDrogo]

Originally Posted by anusinha

Stanford University pays doctors like crap, seriously, its the lowest paying job in the bay area. People work their for a year or two to put it on their resume before getting a job in industry.

Most big name academic institutions pay poorly, which I’m sure you know. It’s not surprising really. Most physicians are financially illiterate, and are willing to accept the opportunity to teach and do research as a substitute for appropriate pay. I don’t blame the institutions for taking advantage of them.

[SearchPatrol]

When Any Player gets Scott Boras as an agent, It's about the Money.

No home team discount
It's not about winning

Just money

Look at Kris Bryant. Signed with the Rockies.

It's all all about raising wages.

Whoever gets Soto it's for 2 1/2 years. Then test the market. With an out after 3 years for even more money.

Now maybe his new team offers a 12 year 600 million dollar contract. Soto would get an out after 3-4 years. Best of both worlds. If you get hurt get 600 million guaranteed. If he preforms like one of the best players in MLB, opt-out.

Just like Alex Rodriguez did with the Yankees.

[rngrdanny22]

Originally Posted by EBCollectibles

What is a lot of words to say?

Just giving you a hard time. We've discussed the "greed" angle already. That's not what's happening.

[kidfan9]

My guess is that the Dodgers would be the front runners to trade for Soto. The big question is do they WANT to? The interesting detail will be does the club that does trade for him work out a long term deal before doing the deal or do they gamble and trade without an extension.

[MIRRABB]

Originally Posted by NYBBFAN

On what planet does Amazon pay below market for their top talent?

I’m not sure you understand the landscape there.

Indeed.

Costco is an example of a company that pays a bit under market for white collar work but far above market for blue collar work.

Total nonsense as far as all of the other organizations listed.

[KhalDrogo]

Originally Posted by SearchPatrol

When Any Player gets Scott Boras as an agent, It's about the Money.

No home team discount
It's not about winning

Sure thing pal. The player who literally only ever talks about winning, isn’t actually concerned with winning.

[rngrdanny22]

Originally Posted by kidfan9

My guess is that the Dodgers would be the front runners to trade for Soto. The big question is do they WANT to? The interesting detail will be does the club that does trade for him work out a long term deal before doing the deal or do they gamble and trade without an extension.

Would they move Mookie to center?

[SaveMeTheGum]

Not a Bloom type move, but I'd love to see him in Boston...

[SearchPatrol]

Originally Posted by KhalDrogo

Sure thing pal. The player who literally only ever talks about winning, isn’t actually concerned with winning.

Funny how he was willing to wait for an offer. I mean, if it was "All about winning" he never would have listened.

I understand, for 440 million he won't sign, but for 50 million for 12 years, with an opt-out after 3 years. Then it's all about winning. Or the teams is headed in the right direction. Or the ownership is committed, or what ever phrase you want to use.

[rngrdanny22]

Originally Posted by SearchPatrol

Funny how he was willing to wait for an offer.

What else, exactly, could he have done differently?