“While Firing Thousands”
That’s not the original title just added by OP for drama. It’s an editorialized title.
“Alphabet CEO’s Pay Soars to $226 Million on Huge Stock Award”
It’s a Bloomberg article not the Guardian
Sundar Pichai received $226M compensation, boosted by a triennial stock grant
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Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#12... And getting caught flat-footed against Microsoft (and Adobe, but but not as loudly) in the precise field Alphabet is supposedly the insurmountable leader. Remind me again how big-co CEOs assume "all the risk"?
This is true for small or medium sized private businesses; shareholder run, large corporations, not so much.
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#13Under metrics of revenue and profit there is no reason to change the CEO:
Annual Revenue of Google from 2002 to 2022: https://www.statista.com/statistics/266206/googles-annual-gl...
Annual Net Income Generated by Google from 2001 to 2015: https://www.statista.com/statistics/266472/googles-net-incom...
Under metrics of leadership and fending competition there is no reason to keep the CEO:
"Killed by Google" - https://killedby.tech/google/
"Alphabet shares dive after Google AI chatbot Bard flubs answer in ad" - https://www.reuters.com/technology/google-ai-chatbot-bard-of...
"Google Cloud still operating at a loss despite revenue, client wins" - https://www.ciodive.com/news/google-cloud-revenue-Q2-2022/62...
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#14... And getting caught flat-footed against Microsoft (and Adobe, but but not as loudly) in the precise field Alphabet is supposedly the insurmountable leader. Remind me again how big-co CEOs assume "all the risk"?
>Remind me again how big-co CEOs assume "all the risk"? That's a fairytale almost as preposterous as the tooth fairy.
When I was a kid I put a tooth under my pillow and I woke up to find a dollar bill.
That right there is more evidence for the tooth fairy than you’ll ever find in favor of CEOs assuming risk.
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#15... And getting caught flat-footed against Microsoft (and Adobe, but but not as loudly) in the precise field Alphabet is supposedly the insurmountable leader. Remind me again how big-co CEOs assume "all the risk"?
[dead]
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#16The (editorialised) title [0] is classic Anchoring [1], me thinks. Google did not fire folks because they were making losses. At some level, they got rid to appease Wall Street given their shrinking profit margins. I mean, here's a business that brings in revenues of £500M / day (over £150M / day net); an astonishing amount. Anchor against that? Never let the less spectacular get in the way of a click bait, I guess.…
Maybe google didn't fire them because things didn't go well, but still, having to fire people (instead of reallocating them to better-fitting positions or not hiring intge first place) is a management failure for me, in a scale which a CEO resigning(or at least lowering their income/bonuses) would be justified. But maybe this is just a difference in opinion.
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#17Someone please call Ja Rule so he can make sense of this man’s salary…
I don't get it?
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#18CEO received compensation for good cost-cutting measures? What am I missing here?
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#19“Programmer got a raise while support staff was fired”
We all have different jobs. I guess he did OK enough to receive whatever they agreed upon in advance.
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#20CEO received compensation for good cost-cutting measures? What am I missing here?
CEO made bad decisions that many other companies avoided. CEO panicked and fired thousands unprofessionally. CEO received record compensation.