This title implies that Pichai is greedy and disenfranchising the employees. This is true, but at the same time:
I would be extremely grateful to have worked at Google and be laid off. That's almost a non-problem.
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
#82... 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"? I have never once heard anyone make this claim.
I assume they are confusing CEOs with entrepreneurs and investors.
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#83Earlier quoted context omitted.
> Remind me again how big-co CEOs assume "all the risk"? Does anyone seriously believe this? I see it all the time as a "comeback" against CEOs, but I don't think I've ever seen anyone arguing that they actually are the ones that assume all the risk.
Zuckerberg took "full responsibility" in the last round of failures too. Though he isn't injecting his money back into the company. Full responsibility, but not too much.
He also took millions why firing thousands of people.
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#84... 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"?
Who specifically said they assume "all the risk" that we are refuting here?
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#85Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#86Entrepreneurial reward for managerial risk.
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#87The (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?
They should. Not out of charity, but out of labor protection.
You take on a worker, you take on a responsibility.
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#88The upper management at Google are so lucky that the company is filled with timid people who are averse to change and didn't unionize. Now they can safely siphon the profits for another several years until they inevitably drive the company into the ground when the ad revenue dries up, and they move to similar positions at other places with healthy revenue streams. And the rank-and-file Googlers will defend this becau…
I am from Denmark where we have strong unions protecting our working class and lower middle class. That is a good thing.
However what is the benefit of ultra high income FAANG employees unionizing?
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#89Earlier quoted context omitted.
> Remind me again how big-co CEOs assume "all the risk"? Does anyone seriously believe this? I see it all the time as a "comeback" against CEOs, but I don't think I've ever seen anyone arguing that they actually are the ones that assume all the risk.
Zuckerberg took "full responsibility" in the last round of failures too. Though he isn't injecting his money back into the company. Full responsibility, but not too much.
Talk is cheap. "Taking full responsibility" is also cheap, that's why CEOs often do it and fire 5-20% of their staff without blinking an eye.
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#90... 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"?
What's even the risk? If the CEO of Google gets fired, he just ends up as the CEO of another Fortune 500 company. If he can't even land that role, he can just go around pocketing $50k/event speaking fee. Of course, that's only if he doesn't want to degrade himself by taking on a VP-level role at another Fortune 500 company.
226M / 50k ~ 4000 events a year. Poor fellow couldn’t pull that off.