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Wednesday, February 8, 2023

[00:43:06] daniel2 KnownSyntax, the company MBO side is the lowest it's ever been this year. 50% of the 50%. So we only get at most 75% MBO payout

[00:43:52] KnownSyntax That's not too bad. One year I only got 50% since the company missed on it's goal as I bought like 8 other companies in Europe (Hosting Europe) lol

[00:44:02] KnownSyntax *as it bought

[00:44:45] KnownSyntax I’m curious on how my MBO is at Sony, won’t know until May when I have my year review (Sony’s fiscal year is April-March)

[00:46:55] KnownSyntax I’ll be curious how Aman spins it though on a town hall lol

[00:47:13] KnownSyntax “We had a hard year with a looming recession incoming” like every other company is using

[00:50:46] daniel2 Everyone is saying it's the lowest MBO GoDaddy has ever paid on the company portion

[00:51:03] daniel2 People are already fuming in the town hall channel

[00:51:23] daniel2 Cause raises were shit too. I'm only getting a 2.5% raise

[00:53:13] daniel2 So fucked us on raises and bonuses, stocks are doing really good. We kept hearing we met the goal but people are claiming the goal post got moved

[01:47:11] newton MBO?

[01:48:39] newton management buyout? how does that work for y'all?

[01:50:35] newton ok TIL management by objective bonuses (?)

[02:59:28] KnownSyntax Management By Objective (MBO) bonus is a performance-based reward system in which managers and employees collaborate to set goals. Targets are fully aligned with organizational objectives, and team members earn based on how effectively they complete the goals defined in their individual MBO program.

[03:00:04] KnownSyntax Weird I swear it was low AF when I was there, but they gave shit raises but great stocks (like my raise was $900/yr, but 30k in stocks)

[03:00:34] KnownSyntax Also the stock price stayed the same till I left basically ($72-81) so meh

[14:55:59] daniel2 KnownSyntax: I get 30K stock, my raise to supervisor was 10

[14:56:05] daniel2 10%, or 6600

[14:56:23] daniel2 My raise this year is looking around 2.5%

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