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Author Topic: Envato 2018 Public Impact Statement  (Read 828 times)

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« Reply #1 on: December 19, 2018, 20:28 »
+11
That looks nice...

I noticed this part -
 
"... went all the way back to 2006 to send a portion of profits to everyone who contributed to Envato's success since our founding... " 

That's nice - anything for the people that contributed to your success before you decided they didn't meet with your standards or whatever corporate mumbo jumbo you used to justify it. I suppose you did create less animosity in 2018 than you did in 2017, so I suppose that is good.

I suppose it is a good thing as my taxes have a lot less mess now without your weird misleading accounting.

« Reply #2 on: December 20, 2018, 04:00 »
+2
That looks nice...

I noticed this part -
 
"... went all the way back to 2006 to send a portion of profits to everyone who contributed to Envato's success since our founding... " 

That's nice - anything for the people that contributed to your success before you decided they didn't meet with your standards or whatever corporate mumbo jumbo you used to justify it. I suppose you did create less animosity in 2018 than you did in 2017, so I suppose that is good.

I suppose it is a good thing as my taxes have a lot less mess now without your weird misleading accounting.
Its not true is it as those of us "sacked" got nothing or perhaps just to add insult to injury you consider the sales we generated worthless?

« Reply #3 on: December 20, 2018, 12:21 »
0
They're talking about actual STAFF... Employees. Not marketplace sellers.

« Reply #4 on: December 20, 2018, 12:34 »
0
They're talking about actual STAFF... Employees. Not marketplace sellers.
  As I understand it those retained as contributors received a payout. It still wouldn't be a true statement as the staff weren't the only people that contributed to their success. Did they send a cheque to staff that left too I wonder ;-) to be fair they did now I've ploughed through the slides..fair play for that!
« Last Edit: December 20, 2018, 12:40 by Pauws99 »

« Reply #5 on: December 20, 2018, 12:41 »
0
They're talking about actual STAFF... Employees. Not marketplace sellers.
  As I understand it those retained as contributors received a payout. It still wouldn't be a true statement as the staff weren't the only people that contributed to their success. Did they send a cheque to staff that left too I wonder ;-) ?

Yes, that was kind of the point. There are (probably) more than 100,000 marketplace contributors, at least close to 100k. About 1,000 current and previous staff members got a payout.

The big headline in bold - "Staff share in the profits." - might be a clue.  ;)
« Last Edit: December 20, 2018, 12:46 by increasingdifficulty »

« Reply #6 on: December 20, 2018, 12:48 »
+2
They're talking about actual STAFF... Employees. Not marketplace sellers.
  As I understand it those retained as contributors received a payout. It still wouldn't be a true statement as the staff weren't the only people that contributed to their success. Did they send a cheque to staff that left too I wonder ;-) ?

Yes, that was kind of the point. There are (probably) more than 100,000 marketplace contributors, at least close to 100k. About 1,000 current and previous staff members got a payout.
Its my aversion to obscure corporate speak really...it makes me grumpy. If they paid staff they should say that not "everyone who contributed to their success" which is an imprecise term. Just call me Mr Scrooge ;-).

« Reply #7 on: December 20, 2018, 12:55 »
0
If they paid staff they should say that not "everyone who contributed to their success"

Now that I can agree with, although it was clearly in Part 3, the Staff section of the PIS.

Anyway, if all of us got a piece of the payout it would amount to a whopping $8 per year. Would that make us happy?  ;)

« Reply #8 on: December 20, 2018, 13:06 »
0
If they paid staff they should say that not "everyone who contributed to their success"

Now that I can agree with, although it was clearly in Part 3, the Staff section of the PIS.

Anyway, if all of us got a piece of the payout it would amount to a whopping $8 per year. Would that make us happy?  ;)
Thats a couple of beers! So for a short time  yes. I find in this business it pays to take comfort from small things. It would also make me feel a lot better about the company.


 

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