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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?
He did pretty well with Android I think.
Android and YouTube are doing great.
... 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"?
I have never once heard anyone make this claim.
Earlier quoted context omitted.
Comp doesn't have to be high to be aligned. The reason it is so high is because of the massive risk and uncertainty of replacing a CEO. There are thousands of people at Google who would be perfectly fine CEOs and be willing to do it for small fraction of what Sundar Pichai costs, but how do you find them? Hiring is such an inexact process that there's a large chance that the guy you chose won't be one of those compet…
This explanation you’ve cooked up is basically just a fan fiction. Any CEO who tried to “hold their board hostage” would be saying goodbye to their job, and likely their career, in short order. Pichai’s salary is $2 million. The rest of his compensation is incentives. Almost all of his compensation comes from incentive packages designed to align his interests with the interests of shareholders.
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.
I mean a tad overly cynical but vaguely true. Is this really such an epiphany for people? I never understood where does the idea that your employer is your friend even come from? Wait until you find out the etymology of the word salary!
These structures exist to make money. If they stop making money they die and all the jobs go with them and nobody gets paid anymore. If they stop growing they die.
Companies need money like you need oxygen. And if they don't die, if they figure it out and grow big, it is like the goose that layed the golden egg. All it has to do, all it can do, is waddle around and keep on laying golden eggs and shitting everywhere.
He's compensate to maximize shareholder returns, not to keep people in a job. The people are employed for the same reason and when their RoI is below the threshold then you need to right the ship. This is what a CEO is partly there to do.
Earlier quoted context omitted.
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.
What if hiring them in the first place was the mistake? What are your options in that case?
If you ever have been in leadership interviews then you will know that firing people is one of the quality one needs to evaluate or prove. This is just business as usual for these roles and a lot of people shy away from these roles due to "responsibilities" such as this.
> Pichai's compensation included stock awards of about $218 million and a basic salary of $2 million, the filing showed. Pichai's stock award is paid every three years.
(The additional 6million were security spent by the company.)
His compensation next year will be much lower, the same as the last two years:
> The 2022 pay is compared to $6.3 million in 2021 when he didn’t receive the grant.
So he effectively got 73million per year in stocks. Or around ($73mil/$106stockprice=) 690k stock / year.
[1] https://www.forbesmiddleeast.com/innovation/technology/googl...