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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

#351

Post by lupire »

AmericanChopper wrote: post #302
CPLX wrote: post #170

Earlier quoted context omitted.

No it’s not. It was in the 70 something range in early 2020 and lately it’s been 90 something. And regardless you still have to demonstrate support for your conclusion, which is that his compensation is aligned with shareholders. It’s not. What we actually have here and with CEO pay in general at large organizations is what’s pretty well known as a principal/agent problem, where the manager class sets the rules for t…

It was ~$55 in March 2020, and most recently closed at $105. But the two key points you seem to be missing are: 1. Not all incentive packages are tied to share price. Many of them are tied to other metrics that the (shareholder elected) board decide are appropriate. This is where the bulk of Pichai’s comp comes from. 2. When they are tied to share price, they tend to be benchmarked. In this case Pichai’s share price…

When you picked the moment of the worldwide Covid crash as your reference point, you are telling everyone that you are not trustworthy.

Riding the wave of market alpha is not an accomplishment.

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

#353

Post by dr_kiszonka »

juujian wrote: post #111
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?

He has been CEO since 2015. Would it be a stretch to blame him for the current company culture of nurturing new products left and right just to kill them off after 3-5 years?

As much as I hate Google killing off its products, I think the alternatives are worse, i.e., either launching fewer new products or supporting products that are not sustainable (which would ultimately lead to launching fewer products).

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

#354

Post by deepzn »

Can society thrive with more equitable compensation for all citizens, and workers alike or would that damage the incentive to produce "more or better" products which is said to inevitably boost productivity/GDP, etc? Especially with AI coming forward, the case for UBI seems strong. But is it a fundamental desire for humans to be self-serving or selfish, or would UBI just add a base safety net for people, and we could still continue with unequal total comps, and that at least seems like a good first step.

[As far as I know, many people agree income inequality is the widest it's ever been, and is a bad thing for society]

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

#355

Post by nme01 »

5ersi wrote: post #292
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…

[flagged]

> You are pathetic.

That was unnecessary

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

#356

Post by ulfw »

baby wrote: post #239
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?

How much influence/impact does a CEO at such a large company have tho? Is it rly his fault?

If he has little impact, why is he being paid $226,000,000 in a year?

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

#357

Post by lokar »

ohashi wrote: post #338
onlyrealcuzzo wrote: post #232

Earlier quoted context omitted.

Chrome is sitting near all-time highs in market share: https://www.statista.com/statistics/268254/market-share-of-i... . Search hovers around ~90% for the last several years: https://gs.statcounter.com/search-engine-market-share Google Cloud is growing faster than Azure & AWS for the last few years: https://www.statista.com/statistics/967365/worldwide-cloud-i... . Cloud was at ~4% market share 5 years ago, now it's a…

Except how profitable is Google's cloud? It lost 480 million last quarter. AWS made 5.2B last quarter. Google is selling at cloud at a loss to gain market share while it's biggest competitor is raking in profit. Sure, you can burn money and gain market share. But would anyone pick Google for a long term partner on any product? I sure as hell wouldn't. They have a tendency to simply discard products left and right. Th…

Keep in mind that cloud uses the same data centers etc as the rest to G, and is a minority. The exact accounting of cost can be somewhat flexible.

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

#358

Post by lokar »

sainez wrote: post #331
medler wrote: post #313

Earlier quoted context omitted.

Microsoft? They’ve been IBM for 20 years.

Microsoft would have become IBM, if not for Satya Nadella. He completely rejuvenated Microsoft after Ballmer's reign. Microsoft successfully transitioned into cloud computing with Azure, Office 365, and Teams. They dramatically improved their image among developers/open source with WSL, Typescript, VS Code, and their GitHub acquisition. Now it seems they caught Google completely off guard with respect to AI productiz…

I think the success of Azure is really impressive give how technically poor it is.

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

#359

Post by AlbertCory »

Sundar is an example of what happens when you promote from within and rule out anyone with enemies. You get nice guys whom everyone "likes."

The comment about sociopathic almost-CEO's is spot on. Tony, Andy, Anthony, and Vic all would have been terrible CEO's.

On the other hand, Bill Coughran, Alan Eustace, Udi Manber, or Patrick Pichette would have been decent, at the very least. Maybe even very good.

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

#360

Post by malermeister »

mypornaccount wrote: post #218
malermeister wrote: post #203

Earlier quoted context omitted.

The definition of working class is making their income from selling their labor as opposed to from capital. Everything else is an implementation detail.

I think it’s pretty ignorant to think a staff software engineer at Google and the cleaning lady are in the same boat

They both have the surplus value created by their labor stolen by the capitalist class.

Of course, that affects the cleaning lady more, but the core theft and the exploitative power dynamics they both are affected by are the same.

One of the tricks capital uses to keep control is to pit us against each other. Only through solidarity throughout the entire working class we can affect real change.

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