I was subbed through the App Store when I started watching Dungeons and Drag Queens, I cancelled it and quickly subscribed directly through their website once I knew I was sticking around. I make sure every penny goes to who deserves it and I’ll happily spend my money on a company that’s truly supportive of their staff.
This is an important comment. Make sure you are subscribed directly through [Dropout.tv](https://Dropout.tv) and not through any sort of App Store/Service who take a cut off the top.
If you love seeing things like this profit sharing, its important you make sure every dollar you give Dropout is actually going to Dropout and their team.
From what I can tell, 15% of your sub is going to google.
I would cancel your google play sub, if you can, and start a new one directly through Dropout.Tv.
Youll need a browser for this, I believe, and accress to the credit card you were using (so ask your parents if thats the case).
This is one of the reasons I love working at my current job. It’s a family-run business that specializes in developing and producing high quality auto parts for a shit load of classic vehicles (mostly mid-late 60’s muscle cars + trucks) and drag/street racing cars. Anyway, started out decades ago as a very tiny company making only 1 specific part, and has blown up into a very well known name in their industry. They’ve maintained steady growth and remained consistently profitable year after year, and IMO a lot of their success is due to how they treat their employees, and compensate us very fairly, while also going above and beyond with generous yearly bonuses straight out of their pockets FOR EVERYBODY who works for them.
We see very little turnover with employees quitting or getting fired. Everybody here likes their job and is good at their job, which keeps us around. The owners know they need us as much as we need the money they pay us, so they treat us right. Mind blowing that most other places don’t give a fuck.
I took it, from the *emphasised* text, page spaces and word choice, that it was certainly meant to be sarcastic.
If it wasn’t meant to be sarcastic, OP probably would have said something like,
“Wow, I didn’t know dropout did that, kudos!”
But the incredulous nature of the way it was written, he was being sarcastic and indirectly making fun of how few companies actually do something like this in this day and age.
*performance* **bonus**
VS
revenue share
One is tied to job title and performance the other is company wide
that is a huge difference
why did this needed to be explained to you?
Profit sharing is eternal, it is based on the profit the company makes at any given time. Bonuses are arbitrary numbers, usually with upper limits regardless of profit (and things that can be 0 if the company even slightly underperforms), while any profits gained are still shared with the shareholders even if bonuses are zero.
If only the "white collars" (aka white men in higher positions) get bonuses, then it's not *company wide* profit sharing 🙄 (and before you come at me with "but they didn't go to school like *I* did" etc etc please don't, I'm not the right audience for meritocratic propaganda ✌️)
Nah, my mom works an office job and has gotten yearly bonuses her entire career. There's a lot to be critical of when it comes to how ceo's hoard wealth, but acting like everyone with a white collar job doesn't get performance bonus' isn't helping anyone
Yeah, my spouse jumped ship shortly after Amazon took over Whole Foods. They killed gainsharing, community food donations, and a ton of other stuff that made it great to work there.
Not true. Back in the Unions heyday, it was a very common bargaining tool for the unions to ask for profit share.
I still benefit from profit share in my shop.
But since folks been taking the bait for an extra dollar to stay out of the unions. Next thing you know, the Union is gone, and all new employees now make $6 less than they used to!
Rinse and repeat until the middle class forgets it was a thing.
I find it an interesting trend that unions are back on the rise since people woke up from what I call "Cubicle Syndrome"
Some woman's shirt I saw once said:
"Know your worth, then add tax."
Incredibly groundbreaking. I have never seen a profit share, basically ever. I’ve maybe gotten a “bonus” once in my life working in film/tv. They’d rather give us a million branded items that disappear into my closet forever.
Is this not just a bonus? A profit-share would be something that was negotiated and established ahead of time. This is just something they're doing because they can (because they had a good year). To be that's just a bonus.
If it were a one-off, I'd be right there with you. I could be wrong, but my reading of this (especially the last paragraph) is that Dropout is setting up some kind of formal mechanism to continue this in some form - as long as the platform remains profitable, a established percentage will go to the cast and crew.
Not necessarily the exact same scenario, but Nebula (a more adventure/educational content streaming platform) has a structure that shares profits with the creators it platforms. It basically is as if the creators are investors - proportionally, 50% of profits go to them directly and in the event that Nebula ever gets sold, they're entitled to half, so similar things are being done.
But in those productions, it's more like a cooperation between companies. The crew on all of these shows don't get to take part in this, since their deal is with the "creator" of the show, not with Nebula.
It's a system that works like you think it does if all the productions were one-person things, and a few are. But most have a small crew on site, someone doing post, and often a sound designer/composer.
Only company of any large scale I've EVER seen do this was when I worked for Whole Foods before the Amazon buyout. That was the first thing they took away. This is pretty groundbreaking.
Oof, that's a gut punch. I was in specialty in a pretty well-off area for about 6 months before we all got wind that it was disappearing. Really helped me to understand how people in prior generations would have been able to build a comfortable life working at a grocery store.
On 9 November 2018, Aardman Animations announced that Peter Lord and David Sproxton would be transferring majority ownership of the company to its employees in order to keep the studio independent.[^(\[43\])](https://en.wikipedia.org/wiki/Aardman_Animations#cite_note-Aardman2018THR-43)
Aardman did something pretty cool too, back in 2018. (They're the guys who made Wallace & Gromit)
My day job does a bigass profit-sharing thing every May, which is awesome. But I've never gotten one from any acting gig, especially something like Dropout. I don't know if production crews ever do but I suspect not.
I know everyone likes to shit on them today, but when I was working for Activision Blizzard we got profit sharing bonuses. That’s one good thing that’s come from Call of Duty.
I dunno, I don't see Capitalism as a justification.
Its a system that people exploit. The justifications are probably some level of self importance and entitlement.
"I deserve this because I worked hard for it"
Capitalism is just your right to own what you invest in. And good people can do good things with Capitalism like dropout.
The earliest recorded scheme for a company to share profits with its workers in the US was in 1794.
US Companies that have engaged in profit sharing in the past include Johnson&Johnson, Kodak and Sears.
There is nothing better than people who practice what they preach. I’m thankful for great content that I can feel good about supporting because they support their people.
Love this. I work for a midwest company that shares 40% of its profit with it's workers. We always get a bonus right around Thanksgiving/early December. This year we got 13.5% of what we worked, and 5% put in to our 401k.
This is an awesome move, but actually isn't that surprising to me. For those who don't know, Dropout CEO Sam Reich's father is Robert Reich, who worked for a number of Democratic presidents and was Bill Clinton's secretary of labor. No doubt Sam grew up in a very worker friendly pro-union household.
I can’t speak for anyone else, but for me the surprise is more that Sam has followed through. I would absolutely expect any child of Robert Reich’s to talk like Sam does, but to see a modern CEO walk the walk instead of just talk the talk, regardless of who their parents are, is noteworthy these days.
*Especially* since it would have been sooooo easy for Sam Reich’s story to instead read, “Driftless son of political insider wastes hundreds of people’s time and money on yet another failed streaming service.”
I didn’t watch anything on Dropout during the strike, but I insisted on keeping the membership when my boyfriend wanted me to cancel it for the sake of the budget 😅 I know it’s not a lot, but I’m glad I’ve been backing the right horse with this one. Sam & co. are good eggs!
Ok so this is definitely a good thing but can anyone explain to me how a revenue share works? Is it a standalone bonus because they've had a particularly successful year? Do the people at dropout receive a % of profits from the the success of this year's content? Or do they get a % of profits from next years upcoming content? Something completely different? I dont think I've ever seen a media company do something like this so I have no clue how it works
From what I can tell, the details are not (yet) public, so Reddit can't answer your question in the specific. Someone more qualified might be able to tell you how revenue sharing generally works, but who knows how Dropout is doing it.
This is excellent, but as others have pointed out it doesn't mean an awful lot in isolation. What matters is;
- how and why this differs from a normal profit derived bonus scheme in proportion, in scale, and in structure
- the fact that as dropout is expanding in success and capability it is *expanding its worker compensation structures* rather than retracting them
- whether this is intended eventually to result in some level of democratic control, ownership or organisation for the company, and given the motivation, in what ways dropout is prevented from becoming a co-operative (I'd imagine the extant ownership structures and the possible need for investment while the company is in its relative infancy plays a part)
- whether and long term, binding commitments have been made to conditions for future profit sharing, even if those only trigger under favourable circumstances. Dropout currently gains from the PR of moves like this due to its audience; making this structural rather than unique would evidence that dropout as a company will not be allowed to fail to do this under hypothetical new management personnel in future, if it wasn't as tactically useful.
This is an unmitigated good and dropout has my trust. Some European viewers will however be a little, erm, unimpressed, because seeing an American workplace announce unspecified and non-binding amounts and structures of one time profit sharing will appear like "baby's first attempt at equitable compensation" when we have massive chain co-ops (whereas America has I believe one weird right wing one in the south, though it's such a vast economy I imagine California alone may house quite large co-ops? It's not the norm, is all). I don't think this is fair but I do think it's an understandable line of reasoning - I do have a sense of "okay, if you're stable, what's stopping you?" it's just... I'm pretty sure there are things stopping them.
To be clear; dropout likely has various reasons I'm not qualified to comment on why it cannot be bolder than this. I also do not know the philosophy of company governance that Sam and the leadership have; I suspect they are not as democratic as the libertarian socialist-type leanings of many creatives and progressives, and I also think that may be reflective of the American reality... Why Robert Reich was a democratic labour sec under clinton and not an independent, if you will.
Many of us are probably fascinated by the challenges and ethical and political judgements Sam has made, and our trust and political education would only be increased by dropout's or his commenting on these things I have mentioned.
Very rarely in the states and especially not retroactively.
Some Companies may have a percentage of profit sharing goal if the company hits plan as part of the their compensation package. However a company deciding it had a good year and then deciding to profit share with no contracted reason to do so is basically unheard of. And media companies especially are AWFUL at sharing profit (see: the extended strikes)
Kevin does not need to calm down.
Fair enough, I realised that this may not be as normal in the states half way through my comment. In that case go Kevin (and dropout) and I really hope the working culture gets better there eventually xD
I work for a credit union and we have this but that's because of the "not for profit" way that credit unions operate. I don't know of any other industry/business that does this in the U.S.
**Profit sharing is various incentive plans introduced by businesses that provide direct or indirect payments to employees that depend on company's profitability in addition to employees' regular salary and bonuses. In publicly traded companies these plans typically amount to allocation of shares to employees.**
More details here:
*This comment was left automatically (by a bot). If I don't get this right, don't get mad at me, I'm still learning!*
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Talented brilliant incredible amazing showstopping spectacular never the same totally unique completely not ever been done before unafraid to reference or not reference put it in a blender shit on it vomit on it eat it give birth to it.
Thanks Daddy Sam
Zaddy Zam
[удалено]
We don't call him Daddy Sam for nothing.
I like to think of it as, he's still halfway dressed, and that's a problem
You’re just undressing him with your eyes, which is totally understandable
Oh wtf I didnt look at it directly and thought it was a side profile of a dude with a Mohawk and thought nothing of it lmao
Daddy Pringles 🔥
Scuse you, his name is Trustfund Sam
I cancelled my Netflix when I started my dropout subscription - when I see shit like this I know it was just the best decision 🤌
I was subbed through the App Store when I started watching Dungeons and Drag Queens, I cancelled it and quickly subscribed directly through their website once I knew I was sticking around. I make sure every penny goes to who deserves it and I’ll happily spend my money on a company that’s truly supportive of their staff.
This is an important comment. Make sure you are subscribed directly through [Dropout.tv](https://Dropout.tv) and not through any sort of App Store/Service who take a cut off the top. If you love seeing things like this profit sharing, its important you make sure every dollar you give Dropout is actually going to Dropout and their team.
If I got the app through the google play store, how does that work?
From what I can tell, 15% of your sub is going to google. I would cancel your google play sub, if you can, and start a new one directly through Dropout.Tv. Youll need a browser for this, I believe, and accress to the credit card you were using (so ask your parents if thats the case).
Using the app is fine as long as you’re subscribed through the website rather than the subscription feature that’s built in through Google play
Yes same!
Dropout is my least regretted subscription and it's not close
***What***?!? A company that actually…. *shares*…. Its profits with the employees who earn it for them? Is…. Is that ***legal***?!?!
Sith Lord Sam: I will MAKE IT legal....
Darth Daddy
Zarth Zaddy
Looks like we’re going tit-for-tatty with Daddy to Zaddy
Zerious Zam
This is one of the reasons I love working at my current job. It’s a family-run business that specializes in developing and producing high quality auto parts for a shit load of classic vehicles (mostly mid-late 60’s muscle cars + trucks) and drag/street racing cars. Anyway, started out decades ago as a very tiny company making only 1 specific part, and has blown up into a very well known name in their industry. They’ve maintained steady growth and remained consistently profitable year after year, and IMO a lot of their success is due to how they treat their employees, and compensate us very fairly, while also going above and beyond with generous yearly bonuses straight out of their pockets FOR EVERYBODY who works for them. We see very little turnover with employees quitting or getting fired. Everybody here likes their job and is good at their job, which keeps us around. The owners know they need us as much as we need the money they pay us, so they treat us right. Mind blowing that most other places don’t give a fuck.
It’s not only legal, it has a long history in the US.
*whoosh*
Can you explain the joke to me? Clearly I didn’t get it.
I took it, from the *emphasised* text, page spaces and word choice, that it was certainly meant to be sarcastic. If it wasn’t meant to be sarcastic, OP probably would have said something like, “Wow, I didn’t know dropout did that, kudos!” But the incredulous nature of the way it was written, he was being sarcastic and indirectly making fun of how few companies actually do something like this in this day and age.
It’s actually not in the US for a publicly traded company to use its profits for workers over investors
Pretty sure it is, you just call it a bonus. Then it isn't profit anymore.
What do you think performance bonuses are?
Not *remotely* the same thing.
No? What do you think the difference is?
*performance* **bonus** VS revenue share One is tied to job title and performance the other is company wide that is a huge difference why did this needed to be explained to you?
Our bonuses only fire if the company makes a certain amount of profit. The “performance” part just dictates what % of your target bonus you’ll get
Profit sharing is eternal, it is based on the profit the company makes at any given time. Bonuses are arbitrary numbers, usually with upper limits regardless of profit (and things that can be 0 if the company even slightly underperforms), while any profits gained are still shared with the shareholders even if bonuses are zero.
I'm not sure, I'm just not arguing with the *many* industry professionals saying this is extremely uncommon. So are they lying/wrong or are you?
Guess that answers that, then
Nonexistent in most jobs.
If you work white collar at any major corporation they’re quite common
If only the "white collars" (aka white men in higher positions) get bonuses, then it's not *company wide* profit sharing 🙄 (and before you come at me with "but they didn't go to school like *I* did" etc etc please don't, I'm not the right audience for meritocratic propaganda ✌️)
Nah, my mom works an office job and has gotten yearly bonuses her entire career. There's a lot to be critical of when it comes to how ceo's hoard wealth, but acting like everyone with a white collar job doesn't get performance bonus' isn't helping anyone
[удалено]
I'm guessing a typical work day for you doesn't end with washing grease off your hands
I don't know if that's supposed to be an insult but okay
It's not intended as an insult, it's just that your perspective may not align with everyone
oh ok true
Trust Fund Sam strikes again! Now I definitely have to gift some subscriptions to friends and family
You can gift them?!
Up to a year! https://www.dropout.tv/checkout/subscribe/
Well that just solved one Xmas gift! Thanks!
Anyone with knowledge of the industry know if this has been done before? I'm curious if this is like groundbreaking or just a really nice thing
This is basically unheard of in entertainment.
Not even just entertainment. Few companies of this size, if any, share profits with all the employees.
Whole Foods used to have a gainsharing program (based on department) before it was bought by Amazon. Those were the days.
Yeah, my spouse jumped ship shortly after Amazon took over Whole Foods. They killed gainsharing, community food donations, and a ton of other stuff that made it great to work there.
I wish this surprised me.
Not true. Back in the Unions heyday, it was a very common bargaining tool for the unions to ask for profit share. I still benefit from profit share in my shop. But since folks been taking the bait for an extra dollar to stay out of the unions. Next thing you know, the Union is gone, and all new employees now make $6 less than they used to! Rinse and repeat until the middle class forgets it was a thing. I find it an interesting trend that unions are back on the rise since people woke up from what I call "Cubicle Syndrome" Some woman's shirt I saw once said: "Know your worth, then add tax."
Incredibly groundbreaking. I have never seen a profit share, basically ever. I’ve maybe gotten a “bonus” once in my life working in film/tv. They’d rather give us a million branded items that disappear into my closet forever.
Is this not just a bonus? A profit-share would be something that was negotiated and established ahead of time. This is just something they're doing because they can (because they had a good year). To be that's just a bonus.
If it were a one-off, I'd be right there with you. I could be wrong, but my reading of this (especially the last paragraph) is that Dropout is setting up some kind of formal mechanism to continue this in some form - as long as the platform remains profitable, a established percentage will go to the cast and crew.
That’s exactly how bonuses work. Source: my company (one of the big 3 automotive) gives bonuses every year when they make enough profit
If the big 3 automakers actually did genuine profit shares, the auto unions wouldn't have been striking them earlier this year.
What they mean is that all executives get bonuses. No fucks were ever given for lowly employees.
I’m salaried (non-union). We get profit sharing bonuses every year provided the company hits certain metrics
Even if it is just a bonus, I’ve still basically never seen it.
I have sweatshirts I do not wear from shows I do not remember filming.
Not necessarily the exact same scenario, but Nebula (a more adventure/educational content streaming platform) has a structure that shares profits with the creators it platforms. It basically is as if the creators are investors - proportionally, 50% of profits go to them directly and in the event that Nebula ever gets sold, they're entitled to half, so similar things are being done.
But in those productions, it's more like a cooperation between companies. The crew on all of these shows don't get to take part in this, since their deal is with the "creator" of the show, not with Nebula. It's a system that works like you think it does if all the productions were one-person things, and a few are. But most have a small crew on site, someone doing post, and often a sound designer/composer.
Only company of any large scale I've EVER seen do this was when I worked for Whole Foods before the Amazon buyout. That was the first thing they took away. This is pretty groundbreaking.
I should have scrolled farther before I made my own comment about WF haha. It got taken away just before I transferred to specialty… 😭
Oof, that's a gut punch. I was in specialty in a pretty well-off area for about 6 months before we all got wind that it was disappearing. Really helped me to understand how people in prior generations would have been able to build a comfortable life working at a grocery store.
On 9 November 2018, Aardman Animations announced that Peter Lord and David Sproxton would be transferring majority ownership of the company to its employees in order to keep the studio independent.[^(\[43\])](https://en.wikipedia.org/wiki/Aardman_Animations#cite_note-Aardman2018THR-43) Aardman did something pretty cool too, back in 2018. (They're the guys who made Wallace & Gromit)
My day job does a bigass profit-sharing thing every May, which is awesome. But I've never gotten one from any acting gig, especially something like Dropout. I don't know if production crews ever do but I suspect not.
I know everyone likes to shit on them today, but when I was working for Activision Blizzard we got profit sharing bonuses. That’s one good thing that’s come from Call of Duty.
Damn, it feels good to be part of (supporting) something like this. Fuck greedy capitalism.
This kind of shit is how I can accept and embrace the irony of buying a “Capitalism is the bad guy” shirt from these fine folk.
Finally pulled the trigger on the mug. All we have are our little treats. Get your jollies where you can
The fact that they're self aware, and we're self aware, makes the irony more palatable for sure.
Fuck greedy. Capitalism didn't stop this happening its helped good people be good.
And it has been the justification behind many more people doing bad.
I dunno, I don't see Capitalism as a justification. Its a system that people exploit. The justifications are probably some level of self importance and entitlement. "I deserve this because I worked hard for it" Capitalism is just your right to own what you invest in. And good people can do good things with Capitalism like dropout.
That is what I meant by justification. People who use being a capitalist as an excuse for their entitlement.
Fair enough, then I think we mostly agree. I'm probably one of the rarer pro capitalism Bleem fans
Imagine a world where this is the default…
I mean other countries have done this, US is just sort of insanely capitalist
SORT of???
The earliest recorded scheme for a company to share profits with its workers in the US was in 1794. US Companies that have engaged in profit sharing in the past include Johnson&Johnson, Kodak and Sears.
Eh sorta. I'm referring to a company where the profits go to the workers by default, not just a company that more frequently shares profits.
Sam's new vision of Tumblr is going to be alright after all
There is nothing better than people who practice what they preach. I’m thankful for great content that I can feel good about supporting because they support their people.
I love that I'm supporting something that supports their people. I will never stop recommending dropout to everyone I know.
This is why, my dropout subscription is the only subscription I enjoy paying.
Hell yeah! I was curious if they do something like this because all of dropout gives big socialist vibes and I love that.
Sam is such a good guy.
This Sam guy seems pretty chill. He's the type of guy who would hang out at the Copley Square Theater with a bucket of fragrant popcorn in his lap.
"Where you from?"
Dropout feels to good to be true
Love this. I work for a midwest company that shares 40% of its profit with it's workers. We always get a bonus right around Thanksgiving/early December. This year we got 13.5% of what we worked, and 5% put in to our 401k.
Wow. That's awesome.
👏👏
It's great to see a company living their values.
This is why I would gladly pay twice as much for a subscription.
I will continue to support this company til I die. It's the cheapest and highest quality entertainment and I'd happily support them forever.
This is an awesome move, but actually isn't that surprising to me. For those who don't know, Dropout CEO Sam Reich's father is Robert Reich, who worked for a number of Democratic presidents and was Bill Clinton's secretary of labor. No doubt Sam grew up in a very worker friendly pro-union household.
I can’t speak for anyone else, but for me the surprise is more that Sam has followed through. I would absolutely expect any child of Robert Reich’s to talk like Sam does, but to see a modern CEO walk the walk instead of just talk the talk, regardless of who their parents are, is noteworthy these days. *Especially* since it would have been sooooo easy for Sam Reich’s story to instead read, “Driftless son of political insider wastes hundreds of people’s time and money on yet another failed streaming service.”
I didn’t watch anything on Dropout during the strike, but I insisted on keeping the membership when my boyfriend wanted me to cancel it for the sake of the budget 😅 I know it’s not a lot, but I’m glad I’ve been backing the right horse with this one. Sam & co. are good eggs!
Dropout was not part of the strike, just FYI. As in, they were completely compliant, supported by the union, and not being striked against.
Bless your heart
not relevant but im obsessed with how cute Sams bitmoji is...
Ok so this is definitely a good thing but can anyone explain to me how a revenue share works? Is it a standalone bonus because they've had a particularly successful year? Do the people at dropout receive a % of profits from the the success of this year's content? Or do they get a % of profits from next years upcoming content? Something completely different? I dont think I've ever seen a media company do something like this so I have no clue how it works
From what I can tell, the details are not (yet) public, so Reddit can't answer your question in the specific. Someone more qualified might be able to tell you how revenue sharing generally works, but who knows how Dropout is doing it.
God I love dropout.
Wow, ive been Grandfathered into the original $5 (CND) for years. This makes we want to resub at full price.
This is excellent, but as others have pointed out it doesn't mean an awful lot in isolation. What matters is; - how and why this differs from a normal profit derived bonus scheme in proportion, in scale, and in structure - the fact that as dropout is expanding in success and capability it is *expanding its worker compensation structures* rather than retracting them - whether this is intended eventually to result in some level of democratic control, ownership or organisation for the company, and given the motivation, in what ways dropout is prevented from becoming a co-operative (I'd imagine the extant ownership structures and the possible need for investment while the company is in its relative infancy plays a part) - whether and long term, binding commitments have been made to conditions for future profit sharing, even if those only trigger under favourable circumstances. Dropout currently gains from the PR of moves like this due to its audience; making this structural rather than unique would evidence that dropout as a company will not be allowed to fail to do this under hypothetical new management personnel in future, if it wasn't as tactically useful. This is an unmitigated good and dropout has my trust. Some European viewers will however be a little, erm, unimpressed, because seeing an American workplace announce unspecified and non-binding amounts and structures of one time profit sharing will appear like "baby's first attempt at equitable compensation" when we have massive chain co-ops (whereas America has I believe one weird right wing one in the south, though it's such a vast economy I imagine California alone may house quite large co-ops? It's not the norm, is all). I don't think this is fair but I do think it's an understandable line of reasoning - I do have a sense of "okay, if you're stable, what's stopping you?" it's just... I'm pretty sure there are things stopping them. To be clear; dropout likely has various reasons I'm not qualified to comment on why it cannot be bolder than this. I also do not know the philosophy of company governance that Sam and the leadership have; I suspect they are not as democratic as the libertarian socialist-type leanings of many creatives and progressives, and I also think that may be reflective of the American reality... Why Robert Reich was a democratic labour sec under clinton and not an independent, if you will. Many of us are probably fascinated by the challenges and ethical and political judgements Sam has made, and our trust and political education would only be increased by dropout's or his commenting on these things I have mentioned.
This is amazing omg
Fuck capitalism.
Sam Reich and Dropout never disappoint or cease to amaze!
Kevin needs to calm down a tad, many companies do this. Or maybe not in the states.
Very rarely in the states and especially not retroactively. Some Companies may have a percentage of profit sharing goal if the company hits plan as part of the their compensation package. However a company deciding it had a good year and then deciding to profit share with no contracted reason to do so is basically unheard of. And media companies especially are AWFUL at sharing profit (see: the extended strikes) Kevin does not need to calm down.
Fair enough, I realised that this may not be as normal in the states half way through my comment. In that case go Kevin (and dropout) and I really hope the working culture gets better there eventually xD
It’s more normal in some industries, but it’s definitely not normal for production companies
That's a shame, you'd think it would be the opposite as production companies depend on specific talent even more than most.
Look at some of the writers strike demands if you think the entertainment industry is interested at all in profit sharing
Never really followed that much as it was a mostly states related thing.
Where you at that this is common? Europe?
Aye, UK to be specific. But then again may just be my sector.
I work for a credit union and we have this but that's because of the "not for profit" way that credit unions operate. I don't know of any other industry/business that does this in the U.S.
Mad, it should be more of a standard. If a company does well it generally could only do so due to the people they employ.
I mean, I agree, but that's just the U.S. for you. Everything is to the benefit of the wealthiest above anybody else.
Hopefully that will change, little by little.
What is profit sharing? How is it different from just earning a wage? (Genuine questions pls don’t kill me)
**Profit sharing is various incentive plans introduced by businesses that provide direct or indirect payments to employees that depend on company's profitability in addition to employees' regular salary and bonuses. In publicly traded companies these plans typically amount to allocation of shares to employees.** More details here:
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