This is why this has to be false. The precedent would be destructive. How many employees will go out looking for a job to use as leverage, not get a google counter offer, and just leave?
Google Makes Massive Counteroffers To Retain Employees
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Re: Google Makes Massive Counteroffers To Retain Employees
#12This isn't an April Fools post is it? I mean seriously, if you're willing to pay $50M or $100M to keep a single employee from walking, what happens if they die on their commute into work? What sort of risk are you carrying anyway? And I didn't think I could be amazed by 'Google scale' any more, sure proves I was wrong on that.
I agree that it's an outrageous amount of money, but it's not just a case of losing talent, it's also about losing trade secrets to a competitor. The $50M/$100M still sounds a bit out of whack.
Wouldn't this be illegal?
Re: Google Makes Massive Counteroffers To Retain Employees
#13Since when did TechCrunch become a tabloid?
Re: Google Makes Massive Counteroffers To Retain Employees
#14Earlier quoted context omitted.
I agree that it's an outrageous amount of money, but it's not just a case of losing talent, it's also about losing trade secrets to a competitor. The $50M/$100M still sounds a bit out of whack.
> losing trade secrets to a competitor Wouldn't this be illegal?
Re: Google Makes Massive Counteroffers To Retain Employees
#15This isn't an April Fools post is it? I mean seriously, if you're willing to pay $50M or $100M to keep a single employee from walking, what happens if they die on their commute into work? What sort of risk are you carrying anyway? And I didn't think I could be amazed by 'Google scale' any more, sure proves I was wrong on that.
Re: Google Makes Massive Counteroffers To Retain Employees
#16Re: Google Makes Massive Counteroffers To Retain Employees
#17Yet, I know many artists who stretch their creative souls and struggle financially.
I think there is a happy balance but that is not static, needs to be readjusted as life unfolds, from young whippersnapper programmer to family comes first tech lead.
Re: Google Makes Massive Counteroffers To Retain Employees
#18Since when did TechCrunch become a tabloid?
About 2007/2008 by my recollection.
The subject of TC posts on HN has been a contentious issue for as long as HN has existed. I think there is still a pretty large contingent that thinks TechCrunch should have been banned just the same way Valleywag was.
Re: Google Makes Massive Counteroffers To Retain Employees
#19This isn't an April Fools post is it? I mean seriously, if you're willing to pay $50M or $100M to keep a single employee from walking, what happens if they die on their commute into work? What sort of risk are you carrying anyway? And I didn't think I could be amazed by 'Google scale' any more, sure proves I was wrong on that.
Extraordinary claims require extraordinary evidence.
I might be mistaken but I believe Sundar Pichai isn't an american national, in which case he'll be working on a visa. And in the US work visas require a public declaration of salary (the published data has the names stripped but frankly at a $50m salary I imagine he'd be easy to spot). So come paperwork renewal time we'll be able to see exactly how accurate TC are...
Re: Google Makes Massive Counteroffers To Retain Employees
#20Since when did TechCrunch become a tabloid?