Earlier quoted context omitted.
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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.
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Google just gave Sundar Pichai a $692M pay package
121–130 of 192 posts
Re: Google just gave Sundar Pichai a $692M pay package
#122absolutely no one is smart or productive enough to justify $692m in pay. they could hire thousands of engineers for that money.
ya i could hire 500 min wage baseball players to replace ohtani then.
Re: Google just gave Sundar Pichai a $692M pay package
#123At 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.
If someone's actually willing to pay that for you, you should take the job. If no one is, then you are not even as good as Pat Gelsinger when he doesn't meet his objectives.
Re: Google just gave Sundar Pichai a $692M pay package
#124absolutely no one is smart or productive enough to justify $692m in pay. they could hire thousands of engineers for that money.
That’s not for you to decide. It’s for the people with the $692m to decide.
Re: Google just gave Sundar Pichai a $692M pay package
#125Earlier quoted context omitted.
I'm pretty sure even chatgpt could have told the senior leaders at Google to invest heavily in AI. Not a difficult call to make.
What if the CEO isn't just telling the company how much to invest, but also has influence on how that money is used? Google's relative success, if it exists, I'd rather not judge, isn't from investing more than everybody else. Because the money just keeps pouring into these things, for all contenders.
> investing more than everybody else
If that's going to decide who wins, Zuckerberg will be the winner. He's been hiring researchers for $100 Million a piece. We'll see soon.
Re: Google just gave Sundar Pichai a $692M pay package
#126Earlier quoted context omitted.
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> then up to $230M/year is "lower tax rate than his secretary" income? Why do you think that?
The IRS thinks that too. Stock grants, assuming they're EVER taxed (which isn't a given), are taxed at a lower rate than income. But as I indicated, most are never vested in the traditional sense, and are even lower than standard capital gains.
Re: Google just gave Sundar Pichai a $692M pay package
#127At 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.
I'd do it for free, just for the lulz.
Re: Google just gave Sundar Pichai a $692M pay package
#128Can we please, please move past this generation of bean-counter CEOs. Google and Apple have done great things under Pichai and Cook, and yet I couldn't been less excited for what either is doing. Bring back experimental culture.
Say what you will about Zuckerberg, but at least he tried to burn untold billions on something that was potentially slightly exciting. We should be grateful for funding of the research, and that it didn't pay off in market results. More of this!
Big time agree. I don't like the person, but i have great respect for his fearless capex spending.
Re: Google just gave Sundar Pichai a $692M pay package
#129Google should fire Sundar and make Denis CEO
Re: Google just gave Sundar Pichai a $692M pay package
#130Pichai 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.
Poor CEO my abs. When ChatGPT came out Microsoft was singing victory songs, and predicted Google's imminent death. 3 years later Google has one of the best models and Microsoft is still borrowing OpenAI's model. Not only that, Google is running their models on their own hardware, not Nvidia's.
Google invented the basis of LLMs, but under Pai failed to come up with the idea of ChatGPT. Getting Gemini into a workable state required the return of Page and Brin. It seems to be working out for Google, but how they got here is a very big mark against Pichai's leadership.