Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

southernillinoisnow.com

Post reply on HN
Print view View original

101–110 of 357 posts

Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

#101

Post by [deleted] »

SteveNuts wrote: post #42
melenaboija wrote: post #26

> Alphabet CEO Sundar Pichai was awarded compensation worth more than $225 million in 2022 I know this has been discussed here and 225MM is like the salary of 1000 employees making 200K for only one year, it is stock which is volatoile, that the salary of a CEO is impossible to measure, bla bla bla. But holy guacamole, whatever is the angle I look at it 225MM pear year does not make any f_ing sense to me and it is si…

And then you get guys like Bill McGuire who get caught backdating stock options. His punishment? A $1.6Bn golden parachute of course. https://en.m.wikipedia.org/wiki/William_W._McGuire#UnitedHea...

[deleted]

Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

#102

Post by Davidzheng »

ShowalkKama wrote: post #35
melenaboija wrote: post #26

> Alphabet CEO Sundar Pichai was awarded compensation worth more than $225 million in 2022 I know this has been discussed here and 225MM is like the salary of 1000 employees making 200K for only one year, it is stock which is volatoile, that the salary of a CEO is impossible to measure, bla bla bla. But holy guacamole, whatever is the angle I look at it 225MM pear year does not make any f_ing sense to me and it is si…

only 5 or 6? 4k a month is way more than the average person makes in my country, that's 3.84M for 80 years. 225 / 3.84 = 58.59 people there is no fucking way you can justify that number but oh well, what can you do about it?

Each generation can have more than one person

Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

#103

Post by kibwen »

Maybe Google employees should take a vote and replace their C-suite with an AI. It would pay for itself within days.

And yet, somehow, why do I get the funny feeling that of all the jobs that will be made obsolete by AI, "CEO" somehow isn't one of them?

Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

#104

Post by thomasahle »

crazygringo wrote: post #70
melenaboija wrote: post #26

> Alphabet CEO Sundar Pichai was awarded compensation worth more than $225 million in 2022 I know this has been discussed here and 225MM is like the salary of 1000 employees making 200K for only one year, it is stock which is volatoile, that the salary of a CEO is impossible to measure, bla bla bla. But holy guacamole, whatever is the angle I look at it 225MM pear year does not make any f_ing sense to me and it is si…

To be clear, it's an accounting artifact, NOT what he actually makes per year -- as the rest of the sentence might clue the reader into: > which marked a staggering 3,474% increase from the previous year For whatever reason, Google pays their CEO using a "triennial" stock award. It vests over 3 years. So just to be accurate, his yearly compensation is more like $75 MM. Still obviously a lot of money for anyone, but n…

> So just to be accurate, his yearly compensation is more like $75 MM.

But do you know he doesn't get a new "3 year vesting stock award" every year? It seems like he was paid 3% less the year before.

That's normally the approach with vesting schedules like this, to stagger them, so there's never a "good time point" for him to leave.

Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

#105

Post by charles_f »

23B1 wrote: post #91

I've been working on a solution for this, have pitched a handful of investors and every time I'm met with blank stares, probably because what I'm proposing would cut into their own dividends. I know this comment will get lost in the sauce, but if you know an investor who is brave, cares about staving off the forthcoming proletarian revolution, I'd love to hear your ideas.

I don't know one but I'm curious to hear about it

Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

#106

Post by raincole »

jvmfjvfjvf wrote: post #97
empyrrhicist wrote: post #89

Earlier quoted context omitted.

> (and, actually, he's worth much more). Bullshit. Fucking nonsense, bullshit. I fail to understand how thinking people could ever believe that this is true - it's got to be innumeracy and a healthy dose of propaganda. Would Google lose the now-equivalent of 200m annual if any one of the top 100 leaders within the corp ascended to the goddamned throne? Fuck no. It's nonsense to believe any one person is worth compens…

What are your thoughts on NFL player Josh Allen having a $250MM contract? I fail to understand why there is more controversy over CEO pay than athletes.

Because it's easier to measure an athlete's performance than to measure a CEO's.

And athletes usually have no right to fire people (at least not a lot of people at once).

Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

#107

Post by hanniabu »

ActorNightly wrote: post #87
melenaboija wrote: post #26

> Alphabet CEO Sundar Pichai was awarded compensation worth more than $225 million in 2022 I know this has been discussed here and 225MM is like the salary of 1000 employees making 200K for only one year, it is stock which is volatoile, that the salary of a CEO is impossible to measure, bla bla bla. But holy guacamole, whatever is the angle I look at it 225MM pear year does not make any f_ing sense to me and it is si…

>whatever is the angle I look at it 225MM pear year does not make any f_ing sense to me Whenever a company starts, its not like the salary is auto set at 225M. The salary of the CEO is tied to the stock price to incentivize growth. Initially CEOs make way, way lower amounts (ignoring bullshit VC capital and inflated salaries). If it so happens that the stock goes up with growth, then the increase in salary represents…

> The salary of the CEO is tied to the stock price to incentivize growth

If it were a more reasonable amount I would agree, but with the amount they're given they could do a piss poor job, tank the stock value 90%, and still come out with $22M.... not much of an incentive

Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

#108

Post by empyrrhicist »

jvmfjvfjvf wrote: post #97
empyrrhicist wrote: post #89

Earlier quoted context omitted.

> (and, actually, he's worth much more). Bullshit. Fucking nonsense, bullshit. I fail to understand how thinking people could ever believe that this is true - it's got to be innumeracy and a healthy dose of propaganda. Would Google lose the now-equivalent of 200m annual if any one of the top 100 leaders within the corp ascended to the goddamned throne? Fuck no. It's nonsense to believe any one person is worth compens…

What are your thoughts on NFL player Josh Allen having a $250MM contract? I fail to understand why there is more controversy over CEO pay than athletes.

I don't follow sports, but at least those people are doing actual, physically comparable things with clear connections to revenue (more like music artists than CEOs).

Maybe that analogy is more apt than you intended though, in that the valuations are made for shallow human/society reasons that are quite decoupled from reality.

Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

#109

Post by jvmfjvfjvf »

SteveNuts wrote: post #42
melenaboija wrote: post #26

> Alphabet CEO Sundar Pichai was awarded compensation worth more than $225 million in 2022 I know this has been discussed here and 225MM is like the salary of 1000 employees making 200K for only one year, it is stock which is volatoile, that the salary of a CEO is impossible to measure, bla bla bla. But holy guacamole, whatever is the angle I look at it 225MM pear year does not make any f_ing sense to me and it is si…

And then you get guys like Bill McGuire who get caught backdating stock options. His punishment? A $1.6Bn golden parachute of course. https://en.m.wikipedia.org/wiki/William_W._McGuire#UnitedHea...

He did not get a golden parachute. He was compensated that amount over time. He grew a company from $400MM in revenues to $70Bn and was rewarded $1.6Bn for it. I fail to see any issue with this.

Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

#110

Post by charles_f »

jtode wrote: post #16

It's become tiresome, reading things that pretend this is not business as usual.

What's tiresome is that this is business as usual, not the fact that it's reported on. You can remain outraged to something profoundly unjust even if it's the systemic norm.
Post reply on HN