All's good when the stock price is inflated. The reckoning (cost cutting) will come.
Or maybe they'll entrench their advertising monopoly and perhaps gain a few more in driving cars and so on, and then they'll coast along as rentiers?
“Rest and vest”: engineers who get paid and barely work
91–100 of 335 posts
Re: “Rest and vest”: engineers who get paid and barely work
#92I did the work-from-home (wfh) thing for about 5 years across two different jobs. The first job was the worst kind of wfh situation because there simply weren't any boundaries between work and home and day work bled into night into weekends.
The second was the other worst kind, paid very well to do almost nothing, and again day nothing bled into night nothing into weekend nothing. I tried to use it to study things or learn other topics, but every once in a while I'd be needed for a few days, go and put a fire out and be back home doing not much at all. The reason for the situation was a disastrous corporate management. However, the situation was so great in theory (get paid top-10 metro senior pay to do nothing at all) that I actually had a hard time changing jobs because I kept telling myself I actually enjoyed screwing around.
Given a binary choice of one or the other I'd actually choose the second job again, but I'd structure my days very differently and try to be much more productive. The good news is that life isn't binary, and I'm in a place now where I work most days in an office, but can wfh when I need to, and rigorously control my schedule so work and home-life don't intersect. I took a pay cut, but I love this current work much more than either of those two jobs (and my wife is much happier as well) -- lessons learned I guess.
Re: “Rest and vest”: engineers who get paid and barely work
#93Ok, thanks for sharing this. I made this observation for the last 3 years myself, not as an employee even, but as a contractor. I had three positions at two companies, all paying quite high (150k$/year). I changed the positions because the workload was so low that I had an hour of work a day, then pretending I was doing work for the rest of the day which I can't stand for more than a few months. Now I changed again i…
> I changed the positions because the workload was so low
I knew someone who basically took full advantage of this. He was a contractor too, but just added a clause that he'd be allowed to work from home/remotely. So he was doing multiple gigs simultaneously; so instead of making $100/hr (or thereabouts, I'm not sure about the exact numbers), he was making $400/hr. It's probably not legal to do what he was doing, but he sure was livin' large.
Re: “Rest and vest”: engineers who get paid and barely work
#94I did the work-from-home (wfh) thing for about 5 years across two different jobs. The first job was the worst kind of wfh situation because there simply weren't any boundaries between work and home and day work bled into night into weekends. The second was the other worst kind, paid very well to do almost nothing, and again day nothing bled into night nothing into weekend nothing. I tried to use it to study things or…
>I'd structure my days very differently
What would your restructured day look like?
Re: “Rest and vest”: engineers who get paid and barely work
#95All's good when the stock price is inflated. The reckoning (cost cutting) will come.
Which is inevitable. They better saved enough money before the company wiped them out for its own existential crisis, because by then, it is hard to imagine how could they return to this ridiculous lifestyle once again.
They've got cash reserves of like 100 billion...
Re: “Rest and vest”: engineers who get paid and barely work
#96"It's a defensive measure."
"That's Microsoft Research's whole model."
?
Re: “Rest and vest”: engineers who get paid and barely work
#97There seems to be conflation in this article between two very different groups. Group A is folks who are acquired and have outsized grants that say vest over N years (N between 2 and 4). It turns out the acquisition was probably a mistake, but the acquiring company made it (and won't own up to it). That's what's described in the Facebook and Microsoft examples. This is the classic "rest and vest" scenario (Note: an a…
Yo fr you're trash comment is stupid give us a tldr
Re: “Rest and vest”: engineers who get paid and barely work
#98There seems to be conflation in this article between two very different groups. Group A is folks who are acquired and have outsized grants that say vest over N years (N between 2 and 4). It turns out the acquisition was probably a mistake, but the acquiring company made it (and won't own up to it). That's what's described in the Facebook and Microsoft examples. This is the classic "rest and vest" scenario (Note: an a…
At Microsoft, we called a lot of these people in Group B, "volunteers". They were with the company through the glory years and had great wealth. They just wanted to come to work every day because they liked saying that they worked at MS. The best response given when I asked one why they still worked, "Why would I spend time at home? Have you met my wife and kids?"
Well that's a profoundly sad and depressing answer, hoping to never end with that kind of thoughts
Re: “Rest and vest”: engineers who get paid and barely work
#99> "They are really good engineers, really indispensable. And then they start to pull 9-5 days" Worthless slackers.
That quote is super cringe worthy.
The article is very unclear, they also quote:
>"Most of my friends at Google work four hours a day. They are senior engineers and don't work hard. They know the Google system, know when to kick into gear. They are engineers, so they optimized the performance cycles of their own jobs," one engineer described.
Probably a lot of cherry picking going on.
Re: “Rest and vest”: engineers who get paid and barely work
#100Earlier quoted context omitted.
At Microsoft, we called a lot of these people in Group B, "volunteers". They were with the company through the glory years and had great wealth. They just wanted to come to work every day because they liked saying that they worked at MS. The best response given when I asked one why they still worked, "Why would I spend time at home? Have you met my wife and kids?"
Well that's a profoundly sad and depressing answer, hoping to never end with that kind of thoughts
It's a lighthearted joke.