111–120 of 192 posts
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Isn't Sundar a worker? We are talking about his pay from negotiation with capital owners
He's probably muttering "I have nothing to lose but my chains" as he's hand-washing his Che Guevara shirt.
Pichai has been a very poor CEO but Google's position was so strong that it is still doing fine. I am sure he is in the founder's good graces so as long as the company's stock takes a big dive he is gonna stay at the helm and keep raking in the big bucks.
> Pichai has been a very poor CEO Why do you say this? I’m not familiar with him, and really haven’t paid much attention to Google’s strategy beyond cultural awareness, but I think Google has done well with staying competitive in AI, is dominating the self driving battle with Waymo, and has mostly kept its good brand intact (no small feat when you are so big). Are there some big mis-steps I don’t know about?
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Without taking a stance on whether their search has improved or degraded, we can observe that the same claim (“search is so degraded it’s unusable”) has been common for like 5 years at this point. If it’s really such a problem, why haven’t people already switched? Google’s search is at 90% market share [1]. Surely if it was perceived as a problem to customers there should be some measurable effect? [1] https://gs.sta…
Google has succeeded in enshittifying their search in a way that the vast majority of users (not customers -- those are the advertisers) have not noticed.
More than an order of magnitude smaller than Tesla's deal with their CEO.
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What about Kagi?
No offense to Kagi, but they don’t rank in the top 6. They are behind even Baidu, which I had forgotten exists. I think they have good mind-share among power users, but probably not in the general population.
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I remember Pichai mainly for his "AI now first everything" in 2015, destroying Google search as a reliable channel to acquisit users somehow for free.
That may have been bad for users, but you can hardly claim it was bad for the company - not even in the long run. Ten years is like 40% of Google's lifetime, that is the long run! And if indeed he went all-in on AI in 20 15 , that seems to me like a damn near prophetic vision. Dislike AI by all means, but you can't say it's not the Current Big Thing or that Google is doing badly because of it. To see that coming so e…
Also note that 7 years later, when ChatGPT came out, built on top of Google Brain research (transformers), Google was caught flat-footed.
Even supposing that Pichai really had the right vision a decade ago, he completely failed in leading its execution until a serious threat to the company's core business model materialized.
absolutely no one is smart or productive enough to justify $692m in pay. they could hire thousands of engineers for that money.
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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 eve…
Shocking? Taxed on payout is a discount versus ordinary stiffs who get taxed every year. A percentage taken from the increase of an amount every year, is more than the same percentage taken at the end; as the former foregoes the opportunity to earn a return on the amount taxed earlier. This is quite significant over longer periods. (I learned that from one of Warren Buffet's annual letters - I think he was explaining…