Earlier quoted context omitted.
CEO to the Board: please give me 1 dollar in compensation.
Salary is not the same thing as total compensation.
Very true.
Unless we are talking about Steve Jobs.
Steve Jobs personally asked Eric Schmidt to stop poaching employees
121–130 of 172 posts
Re: Steve Jobs personally asked Eric Schmidt to stop poaching employees
#122Re: Steve Jobs personally asked Eric Schmidt to stop poaching employees
#123Earlier quoted context omitted.
Very true. Unless we are talking about Steve Jobs.
Jobs was given millions of dollars in stock options. His total compensation was far far beyond $1/year.
The last time he took options was 2003. His total compensation for the last 8 years has been $1/year.
Re: Steve Jobs personally asked Eric Schmidt to stop poaching employees
#124Summary of http://www.reuters.com/article/2012/01/27/us-apple-lawsuit-i... Kind of ironic that The AOL Way was supposed to be the reason The Verge guys left to start a new blog. It looks like the only thing they were tired of was Engadget's layout. The AOL Way doesn't deserve traffic.
The Verge article consists almost entirely of quotes from the source document. They did nothing wrong here.
Re: Steve Jobs personally asked Eric Schmidt to stop poaching employees
#125Earlier quoted context omitted.
Money is only a small factor. If that's all you focus on as an employer I can understand why your employees leave for another company when they offer to match their salary. You may not like it but guess what, tough shit. Suck it up and offer your employees more incentive to stay other than salary.
You are right. Money is only a small factor. And an employee that gets swayed by money only might not deserve be bet on. === On a tangential note, I am worried about the groupthink of HNers (I am not talking about you). the one directional thinking is astounding sometimes. Is there a problem looking at a situation from an alternative view point?
Ignore the downvotes. You started a good conversation.
Re: Steve Jobs personally asked Eric Schmidt to stop poaching employees
#126I can only imagine how hard it is to have fair negotiations when a prospective employee applies at a competing company only to be told "no thanks" simply because of a hush hush agreement between the executives of said companies. This flies counter with Google's "do no evil" statement and certainly doesn't paint a positive posthumous picture of Jobs.
Agreed. If I were larry or sergei I'd fire Schmidt. Now, that might mean I'd never run a company as large as google, but I'm okay with that. This incident removes Google from my list of tech giants I'd work for leaving it, well, empty. Sad to see. I'm not surprised by the behaviour of Apple and others, but I thought better of Google than this.
I must admit that the next time a Google recruiter contacts me, chances are good I'll bring up this case.
Re: Steve Jobs personally asked Eric Schmidt to stop poaching employees
#127Earlier quoted context omitted.
Jobs was given millions of dollars in stock options. His total compensation was far far beyond $1/year.
The last time he took options was 2003. His total compensation for the last 8 years has been $1/year.
Since 1997, he was paid $1/year in salary. But he certainly wasn't living in the poor house.
In 2001, the company gifted him a $90 million Gulfstream jet, and paid for all related expenses.
According to Apple’s proxy statement from February 2011, Jobs owned about 5.5-million shares of Apple stock. In addition, he owned about $5 Billion of Disney stock, which gave him an annual dividend of about $50 Million.
Re: Steve Jobs personally asked Eric Schmidt to stop poaching employees
#128I can only imagine how hard it is to have fair negotiations when a prospective employee applies at a competing company only to be told "no thanks" simply because of a hush hush agreement between the executives of said companies. This flies counter with Google's "do no evil" statement and certainly doesn't paint a positive posthumous picture of Jobs.
Agreed. If I were larry or sergei I'd fire Schmidt. Now, that might mean I'd never run a company as large as google, but I'm okay with that. This incident removes Google from my list of tech giants I'd work for leaving it, well, empty. Sad to see. I'm not surprised by the behaviour of Apple and others, but I thought better of Google than this.
you are assuming that Sergei and Larry were not aware of this pact. if the firm's VP is aware of this pact and fired an employee over this, i would say Sergei amd Larry are guilty as well. eithet of collusion or gross neglect.
Re: Steve Jobs personally asked Eric Schmidt to stop poaching employees
#129Earlier quoted context omitted.
I'm sorry, I just have a problem with this mentality. Things are fucked up, so we should expect it to continue being fucked up, and now that it is expected, we shall deem it acceptable... > It's a sad state of affairs when we, as employees, wholly expect this behavior...
Just because something is expected doesn't mean that it is acceptable. On the contrary, if someone fucks up, like they always do, and you EXPECT it, you can act on it. In this case, thousands of people are about to have a payday because some evil execs who probably don't even know how email works fucked up. Someone, somewhere expected it, got the evidence nailed down, and went after them. After this settles, there's…
hmmm...
Well, this isn't an attack against you personally, or a tit-for-tat sort of comment, but...
> We have to work among the group of people for which this behavior is standard procedure.
You ARE saying that this is acceptable, since "we have to" work among them, and I just don't agree :)
Re: Steve Jobs personally asked Eric Schmidt to stop poaching employees
#130So let's say I am running a startup with two employees. A friend of mine is also running a startup and needs to hire people. Is it wrong for me to ask him not to hire my employees?
"Is it wrong for me to ask him not to hire my employees?"
Yes.