Tech Workers Got Paid in Company Stock. They Used It to Agitate for Change.some google employees might even bet horses or think about the 2020 trash talking just say no amazon Cuomo.
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Claude Solnik
Long Island Business News
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Home > LI Confidential > Stop scratching on holidays
Stop scratching on holidays
Published: June 1, 2012
Off Track Betting in New York State has been racing into a crisis called shrinking revenue. Some people have spitballed a solution: Don’t close on holidays.
New York State Racing Law bars racing on Christmas, Easter and Palm Sunday, and the state has ruled OTBs can’t handle action on those days, even though they could easily broadcast races from out of state.
“You should be able to bet whenever you want,” said Jackson Leeds, a Nassau OTB employee who makes an occasional bet. He added some irrefutable logic: “How is the business going to make money if you’re not open to take people’s bets?”
Elias Tsekerides, president of the Federation of Hellenic Societies of Greater New York, said OTB is open on Greek Orthodox Easter and Palm Sunday.
“I don’t want discrimination,” Tsekerides said. “They close for the Catholics, but open for the Greek Orthodox? It’s either open for all or not open.”
OTB officials have said they lose millions by closing on Palm Sunday alone, with tracks such as Gulfstream, Santa Anita, Turf Paradise and Hawthorne running.
One option: OTBs could just stay open and face the consequences. New York City OTB did just that back in 2003. The handle was about $1.5 million – and OTB was fined $5,000.
Easy money.
Former and current Amazon employees who received stock grants have used them to submit a shareholder proposal asking the company to reduce its dependence on fossil fuels.Chona Kasinger for The New York Times
By Kate Conger
SAN FRANCISCO — Silicon Valley technology firms are known for giving stock to their workers, a form of compensation that often helps employees feel invested in their companies.
But tech workers are now starting to use those shares to turn the tables on their employers. As many tech employees take a more activist approach to how their innovations are being deployed and increasingly speak out on a range of issues, some are using the stock as a way to demand changes at their companies.
At Amazon, more than a dozen employees who had received stock grants recently exercised their rights as shareholders. In late November and early December, they filed identical shareholder petitions asking the e-commerce giant to release a comprehensive plan addressing climate change.
Their filing appears to be the first time that tech employees have led their own shareholder proposal, according to activist investors. In the proposal, which will be voted on at Amazon’s annual shareholder meeting next spring, employees asked the company’s board to say how it would respond to climate change and reduce its dependence on fossil fuels.
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