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

bloomberg.com

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

#101

Post by lawn »

s1k3s wrote: post #66
andrewstuart wrote: post #59

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?

Did he make them money?

Google would still be making a ton of money even with a CEO that did nothing.

For a $226M compensation, we should be able to demand a bit more don't you think?

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

#102

Post by redeeman »

capableweb wrote: post #77
mihaic wrote: post #39

Earlier quoted context omitted.

What if hiring them in the first place was the mistake? What are your options in that case?

CEO fucked up, get rid of him/her. Why'd you hire so many people if you don't need it? Sounds like C-suite made the wrong call, in that case.

yes, CEO fucked up, should he now fuck up more by not firing them?

you come home from the grocery store, you bought frozen goods. you are unpacking, and think you're done, so you sit down in your couch to relax, a couple of minutes later you realize you forgot to put the frozen stuff in the freezer, do you just go "oh well i dun fucked up, nothing to be done here, i'd best just admit defeat and let my wife fire me from grocery duty"

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

#103

Post by nkrisc »

AmericanChopper wrote: post #61
fallingknife wrote: post #49

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.

So he could perform so poorly he gets $0 in incentives, collects his $2,000,000 salary, gets fired, and still make in one year more than the average US household will in the next ~25 years.

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

#104

Post by chaostheory »

kubb wrote: post #64

The 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…

You don’t have the full picture. You’re missing a lot of data

> And the rank-and-file Googlers will defend this because they think they caught God by the ankles with their 150k/year salary

That’s closer to their intern salaries. Total comp is more like double or more

Much of the rank and file’s total compensation is also in stock

Add to that if you wanted to, you can do the minimum and just coast.

No one is going to unionize and it’s not for the reasons you’ve cited. Maybe you shouldn’t comment on something you know barely anything about?

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

#105

Post by lordnacho »

spaceman_2020 wrote: post #26
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"?

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.

Guys like that will just go and manage their money when they leave. Investments in various things, no real need to do much.

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

#106

Post by serial_dev »

0xDEF wrote: post #88
kubb wrote: post #64

The 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?

Just speculating: if we believe that the workers together are stronger than as individuals, they could force even more concessions.

They could negotiate higher salaries, more transparency around compensation, more benefits, longer parental leave, bigger budget for travel or education, longer paid vacation, some guarantees and rules for layoffs, etc.

In the end, I don't see why unions (IF done right) could only work for the lower class.

I know that the TikTok videos of FAANG companies make it all seem like there is no more place to grow, but that's just smoke and mirrors. I think anti union efforts in FAANG companies also play to the employees ego and make them believe that they can negotiate better on their own than together.

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

#107

Post by redeeman »

malermeister wrote: post #96
FollowingTheDao wrote: post #54

I mean are you surprised by this? Companies do not exist for the benefit of labor, they exist for the benefit of shareholders. Why is this even considered news?

Because while that's the status quo, it shouldn't be. Labor is entitled to all it creates.

people are entitled to have their contracts honored. If you dont want to produce 100x value for the big bad company, then you must be free to not. I believe you do have that freedom. So go do something else? tend to your own crops, make your own software.

you are entitled to freedom, which everyone should have, but not other peoples enterprises

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

#108

Post by nubinetwork »

andrewstuart wrote: post #67
s1k3s wrote: post #66

Earlier quoted context omitted.

Did he make them money?

The only thing he has done is not destroy the Google cash firehose. The advertising cash firehose is perhaps the only thing that matters at Google. But, having been severely caned by ChatGPT and left flat footed on AI i think it’s reasonable to say even that firehose is now at risk.

One could argue he's ruined that too because of all the scam ads they push on a daily basis.

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

#109

Post by hammyhavoc »

andrewstuart wrote: post #59

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?

Let's be honest, the trust from these demographics towards Google wasn't great even prior and hadn't been for a while.

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

#110

Post by hammyhavoc »

lawn wrote: post #101
s1k3s wrote: post #66

Earlier quoted context omitted.

Did he make them money?

Google would still be making a ton of money even with a CEO that did nothing. For a $226M compensation, we should be able to demand a bit more don't you think?

Who is "we" in your comment?
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