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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

#221

Post by lrem »

chaostheory wrote: post #104
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…

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

"Coast" a.k.a. perform only the duties as agreed in your contract, without going above and beyond. A.k.a. "quiet quitting", or the preposterous idea that the company doesn't own the time they don't pay you for.

I'm a somewhat long-time Googler and really dislike this anti-labour narrative.

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

#222

Post by DSingularity »

hartator wrote: post #188
refurb wrote: post #154

Earlier quoted context omitted.

Under his leadership (2015 to now), Google revenues have gone from $75B to $279B, a 272% increase. Google stock was a $30/share and is now at $105/share (250% increase). That's what he's done. Just in 2022, revenues were up $23B, so his cut was 1.2% of that.

And 8 years before, it went from 10bn to 75bn. A 750% increase. He slowed down growth by 3x.

As the magnitude increases matching growth rates becomes harder?

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

#223

Post by jimsimmons »

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.

I’m baffled to see comments like this here. To the point that I wonder if HN is basically Twitter at this point.

How can you trust a single thing the model says? I ask GPT4 for PPO code, it gives me basic actor critic with a loss with constants added. I ask it about a data filtering technique and it hallucinates concepts, libraries, papers and even companies.

It’s good as a fallback to search. Also maybe for judgement free brainstorming. But I don’t see how it can replace Google for serious queries.

Are you sure you’re not just chatting with it? Do you mind sharing your recent 10 queries with us

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

#224

Post by SamoyedFurFluff »

qtzaz wrote: post #62
yodsanklai wrote: post #60

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 r…

[flagged]

If a company hired me, provided for my healthcare and my retirement benefits, and paid me well, I would also lick ass publicly frankly. I’m incentivized towards being a sucker. This goes double if I’m disabled or have dependents who are disabled. Triple if I’m on a visa. I can’t afford to lose my healthcare benefits or a high paying job.

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

#225

Post by pembrook »

vjk800 wrote: post #130

What I don't get about CEO compensations is, do they even work? Like I get that you're a high impact person and you should have the proper incentives to lead the company in the right direction, but do the crazy compensations actually achieve that? Like is there any difference between $100M and $200M? Both of those numbers are way higher than anyone and their children can use in their entire lifetimes, why do you even…

There’s been a bunch of studies that track CEO performance when the CEO has gone on to lead multiple orgs.

No surprise, CEO performance has no persistence and is statistically random. Also higher compensation does not lead to faster EPS growth for investors over time.

Average comp for execs has skyrocketed 10x the past few decades due to equity compensation - yet companies aren’t growing 10x faster than they were before equity comp became so en-vogue.

My personal opinion: all execs should be paid in cash and incentivized purely with fixed cash bonuses. That’s basically how corporate America worked pre-1980s.

Gifting a big percentage of a company to someone who was employee #3076 is just plain theft from public investors.

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

#227

Post by lotsofpulp »

safety1st wrote: post #206
dkyc wrote: post #165

Earlier quoted context omitted.

Huh? Revenue 2019: $160bn Revenue 2022: $280bn Net income 2019: $34bn Net income 2022: $60bn

Hmm. I was going by this chart, looks like it may be wrong: https://www.macrotrends.net/stocks/charts/GOOG/alphabet/net-...

The macrotrends list of net income by year below the charts is correct. The trailing 12 month chart at the top you may have been looking at is not a chart of annual net income.

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

#228

Post by [deleted] »

bmcquade wrote: post #153
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?

Sundar became CEO at a time when Google needed a leader who could build consensus across different product areas. Sundar was the right person for this role. Unfortunately Sundar is also relatively weak at setting a bold vision to ensure the company continues to grow and innovate, as Larry had done. So under Sundar the company has slowly shifted from being innovative to being very risk averse, incentivising not making…

[deleted]

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

#229

Post by spaceman_2020 »

lordnacho wrote: post #105
spaceman_2020 wrote: post #26

Earlier quoted context omitted.

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.

Heck, at Sundar Pichai’s compensation, you can blow through $1M a month, never invest a dime, and still live out the rest of your life.

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

#230

Post by jimsimmons »

querez wrote: post #133
noisy_boy wrote: post #36

Earlier quoted context omitted.

> CEO made bad decisions that many other companies avoided. Like what? Over-hiring? Many other companies avoided? Like which big ones? Amazon, Microsoft etc.? > CEO panicked Sounds like hyperbole > fired thousands unprofessionally How do you fire thousands professionally? I thought ensuring market and shareholder satisfaction was the top priority for CEOs and they get paid to make those unpopular decisions as/when de…

>> fired thousands unprofessionally > How do you fire thousands professionally? I thought ensuring market and shareholder satisfaction was the top priority for CEOs and they get paid to make those unpopular decisions as/when deemed fit? While true, it's fairly obvious that the Google firings have been badly mishandled. There are stories of SREs getting fired/locked out while still on duty. And in general, sending fir…

What would be your preferred time to receive an email about your layoff?
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