6 Dec 2021
Axos Bank Response
4yWe agree with you on several points. In our meritocratic culture, team members are rewarded for delivering results that meet or exceed expectations. This can take the form of both higher compensation and greater responsibility. And it's also a point of pride for us that we give team members incredible exposure to applications and systems to which they wouldn't have access in similar positions at other companies. But we disagree on other aspects of your assessment. For example, it's not accurate to say that we refuse to allow remote work: At the outset of the pandemic in 2020, we deployed more than half of our team to work remotely. That said, we believe strongly that we're better off when we're all working together, and we've taken precautions to ensure this can happen safely. Finally, bonuses are typically paid out in a 50/50 mix of cash and stock. You're right that bonus stock grants vest over 3 years. With the share price having nearly quadrupled between March 2020-December 2021, those who received grants and have stayed with us have seen a nice windfall.