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Google just gave Sundar Pichai a $692M pay package

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Re: Google just gave Sundar Pichai a $692M pay package

#61

Earlier quoted context omitted.

my bet is: - Google will be #1 because of sher data amount - Anthropic will be #2 because of the best product (whatever this may mean in the future) - Microsoft will be #3, because of enough cash to follow

What data does Google have that OpenAI can't get at?

e.g. years of tracking: Movement data etc., as simple & first example

Re: Google just gave Sundar Pichai a $692M pay package

#62
At least the article mentions that it is contingent on bonus targets. All too often articles skip that and say "Y was paid $$$".

Notably, go look at Intel's Pat Gelsinger. Prior to his firing, lots of articles talking about how he was one of the highest paid CEOs (citing numbers in excess of $150M). They'd fail to mention that it was over several years and only if he met targets.

Well, he didn't meet those targets. His actual compensation was about $10M/year.

Re: Google just gave Sundar Pichai a $692M pay package

#63
post #16

Details: $2MM/year in salary, the rest in performance based incentives. The $692MM figure is based on hitting all of the maximums (200% of a few different targets) and is the total for three years.

[flagged]

No, not at all. You're taxed on equity at fair market value when it vests. It's only after that when you get taxed at a lower rate on the capital gains.

Re: Google just gave Sundar Pichai a $692M pay package

#64
post #43

I honestly have NOTHING against that: they are a private company, their money, their choice. I have plenty of other bones to pick with them, regarding the harvesting of personal data from smart devices and cloud services, how it's used, and so on, but the salaries of their executives are their own money, so it's their business and I don't see any reason for controversy. In fact, if they happen to lose talents because…

> they are a private company They are a public company

Sorry I'm European, I mean "private" in the sense "not a Public Body", they are a company whose board has approved the remuneration using the company's own funds, meaning that the majority of shareholders are happy with this pay package.

Re: Google just gave Sundar Pichai a $692M pay package

#65
post #12

[flagged]

I used to ask myself the same question, but then I realized that for these people it doesn't matter how much they spend. When you are worth billions of dollars, the difference between spending $10M or $50M on your home Does Not Matter. You still have many other $M to spend on other things. It's perfectly rational for them to spend what seems like a large amount of money for an apparently small marginal improvement.

Re: Google just gave Sundar Pichai a $692M pay package

#66

Earlier quoted context omitted.

my bet is: - Google will be #1 because of sher data amount - Anthropic will be #2 because of the best product (whatever this may mean in the future) - Microsoft will be #3, because of enough cash to follow

What data does Google have that OpenAI can't get at?

Enterprise Distribution thanks to GCP. Consumer distribution thanks to Android. SMB distribution thanks to GSuite.

And non-western and non-Mandarin language support (the only other competitors are Indian, Emirati, and Saudi sovereign models).

Re: Google just gave Sundar Pichai a $692M pay package

#67
post #16

Details: $2MM/year in salary, the rest in performance based incentives. The $692MM figure is based on hitting all of the maximums (200% of a few different targets) and is the total for three years.

[flagged]

No, these are RSUs, which - to your shock - are taxed as ordinary income upon payout (if that even occurs).

He did not get some custom stock now that will appreciate in value magically, if and only if he meets targets - or certain types of options can also act like this.

Even if GOOG stock grew so much, that this ended up being a $3B pay package, he'd be taxed as ordinary income on the full amount at payout - not even the reduced capital gains on the extra ~$2.7B in growth between agreement and payout.

Re: Google just gave Sundar Pichai a $692M pay package

#68
post #62

At least the article mentions that it is contingent on bonus targets. All too often articles skip that and say "Y was paid $$$". Notably, go look at Intel's Pat Gelsinger. Prior to his firing, lots of articles talking about how he was one of the highest paid CEOs (citing numbers in excess of $150M). They'd fail to mention that it was over several years and only if he met targets. Well, he didn't meet those targets. H…

[flagged]

Re: Google just gave Sundar Pichai a $692M pay package

#69
post #62

At least the article mentions that it is contingent on bonus targets. All too often articles skip that and say "Y was paid $$$". Notably, go look at Intel's Pat Gelsinger. Prior to his firing, lots of articles talking about how he was one of the highest paid CEOs (citing numbers in excess of $150M). They'd fail to mention that it was over several years and only if he met targets. Well, he didn't meet those targets. H…

I'm willing to fail as Intel's CEO for the low, low cost of $5m/year, and I can get it done in a year.

Re: Google just gave Sundar Pichai a $692M pay package

#70

Earlier quoted context omitted.

my bet is: - Google will be #1 because of sher data amount - Anthropic will be #2 because of the best product (whatever this may mean in the future) - Microsoft will be #3, because of enough cash to follow

What data does Google have that OpenAI can't get at?

the whole of youtube. (including the private stuff.) edit: +gmail/google docs/google drive
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