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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

#51

Post by oezi »

elbowjack65 wrote: post #25
belter wrote: post #13

Under 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://…

Moreover, Bing, ChatGPT hasn't even made a dent in Google's search engine market share [0]. [0] https://gs.statcounter.com/search-engine-market-share

Surprising, given that ChatGPT has replaced between 50% and 75% of my searches by volume.

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#52

Post by belter »

oezi wrote: post #51
elbowjack65 wrote: post #25

Earlier quoted context omitted.

Moreover, Bing, ChatGPT hasn't even made a dent in Google's search engine market share [0]. [0] https://gs.statcounter.com/search-engine-market-share

Surprising, given that ChatGPT has replaced between 50% and 75% of my searches by volume.

They get their revenue, from companies who naively believe people browse the web without Adblock. Not from people searching...

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#55

Post by practice9 »

passwordoops wrote: post #5

... 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"?

Risk is unevenly distributed in corporations, and employees often have more to lose on a personal level

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#56

Post by jmyeet »

Never forget:

- Meritocracy is a myth;

- There is no value without labor;

- The only risk CEOs are assuming is the nightmare scenario of becoming a worker;

- The company is not your friend. There is no loyalty; and

- The people paying the price for any bad decisions of a company (eg The metaverse) are rarely the people responsible.

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#57

Post by qeternity »

ignoramous wrote: post #3

The (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.…

I never understand these comments. Are you suggesting Google is a charity?

If they don't need some employees, should they be forced to keep them?

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#58

Post by chaoz_ »

elbowjack65 wrote: post #25
belter wrote: post #13

Under 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://…

Moreover, Bing, ChatGPT hasn't even made a dent in Google's search engine market share [0]. [0] https://gs.statcounter.com/search-engine-market-share

This does not include ChatGPT traffic tho :)

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#59

Post by andrewstuart »

I simply don’t see what good this CEO has done.

He’s destroyed googles reputation with developers.

Destroyed customer trust in Google products.

Done nothing to fix googles reputation for terrible customer service.

Led Google to third place in cloud computing.

AND been thrashed by Microsoft / ChatGPT, putting Googles core business at risk.

Why is this guy CEO?

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#60

Post by yodsanklai »

Same story at Meta where people in the C-suite got very high bonus and equity refresher based on outstanding individual performance. You'd expect them to be somehow accountable. The common answer there was that they did well at their job, and aren't responsible for decisions leading to the layoffs. And nobody is responsible. Basically, it was right to hire so many employees (good economic prospects) and then it was right to fire them (bad economic prospect).

This view is acceptable if you consider people are disposable and the human cost to be zero. Which of course is the case from the corporation point of view since this human cost isn't tracked by any metrics meaningful for the company.

These layoffs feel wrong. I know people who were devoting their life to their job, were working in very profitable companies, were exceeding expectation for their level, were working on project that were sold to them as critical by management.... and they were fired overnight without notice (and some of them continue to lick ass on Linkedin on how great was their company).

I know it's not a popular idea in American business-centered culture, but there should be restrictions as to why you can layoff employees.

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