131–140 of 192 posts
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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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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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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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absolutely no one is smart or productive enough to justify $692m in pay. they could hire thousands of engineers for that money.
Upper management isn't paid based on how smart or productive they are. Google has like 400 billion yearly revenue. A CEOs decisions have enormous consequences, if a CEO can make slightly better decisions than another, it'd be easy to justify $692m in pay.
That said, I don't believe Sundar Pichai is a great CEO. He's might be an ok bean-counter, not sure, but I'm pretty sure one can get cheaper bean-counters.
> they could hire thousands of engineers for that money.
Yes and pray what would they do with them?
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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.
One of the things that a CEO drives is vision and innovation. Sundar misses the mark on these things. AI is a good example. Google invented the transformer architecture, but simply published it for its competitors to use. It took a code red in 2023 to finally push Google to develop products based on this. Cloud. Years late to the game. All it would have taken is a letter similar to the famous Bezos memo to eventually…
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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.
One of the things that a CEO drives is vision and innovation. Sundar misses the mark on these things. AI is a good example. Google invented the transformer architecture, but simply published it for its competitors to use. It took a code red in 2023 to finally push Google to develop products based on this. Cloud. Years late to the game. All it would have taken is a letter similar to the famous Bezos memo to eventually…
That's how innovation works in this industry. If companies didn't allow researchers to publish their work it would set us back decades. Researchers building on each other's work is how this industry was built.
> It took a code red in 2023 to finally push Google to develop products based on this.
So Google executed. Ability to execute is one of the things that makes a good CEO. Other CEOs have additional qualities such as vision, and getting others to believe in the vision. But not every CEO needs to be a Steve Jobs!
Plenty of innovations are coming out of Google, just look at Nano Banana Pro for example.
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What data does Google have that OpenAI can't get at?
1. Proprietary Data (Youtube, docs, gmail, cloud logs, waymo, website analytics, ads, search, the list is huge) 2. Commercial Datacenters (theyre ahead at least) 3. Chip production (Google is manufactoring proprietary chips) 4. Consumer OS (Chrome, Andriod) 5. Consumer Hardware (Pixel) Basically google has access to data that OpenAI will never have access to, can lower costs below what OpenAI can, and is already a le…
So it matters less than one would think. Also, ChatGPT can do 'internet search' as a tool already, so it already has access to say Google maps POI database of SMBs.
And ChatGPT also gets a lot of proprietary data of its own as well. People use it as a Google replacement.
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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…
It sounds like you're describing a hypothetical tax on unrealized gains? Do you have a link to the Buffet letter?