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Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs

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Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs

#141

Post by eric-hu »

lvl102 wrote: post #130
endisneigh wrote: post #115

Earlier quoted context omitted.

Such hyperbole. Apple is superior in every financial metric. I don’t know how anyone can say this with a straight face while apple exists.

What did Tim actually accomplish though? He’s there to essentially “keep” what Apple already established under Steve Jobs. Nadella made some big decisions to completely remake Microsoft. By the way, return (not including dividends) is about the same between AAPL and MSFT since Nadella took over on February 2014 which is simply amazing if you think about the differences between the two companies.

I’ll credit Tim with giving Jony the boot and getting MagSafe back on my Mac.

Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs

#142

Post by Aunche »

reaperducer wrote: post #111
roflyear wrote: post #97

Earlier quoted context omitted.

I thought he got paid more?

I thought he got paid more? According to this†, he made $99.4 million last year, but will get $49 million this year. That's 80% less than Pichai. † https://www.hollywoodreporter.com/business/business-news/app...

Part of it is that Google's exec compensation is oddly structured. His compensation for the previous year was $6 million, though that still makes him better compensated than Cook.

Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs

#143

Post by endisneigh »

lvl102 wrote: post #130
endisneigh wrote: post #115

Earlier quoted context omitted.

Such hyperbole. Apple is superior in every financial metric. I don’t know how anyone can say this with a straight face while apple exists.

What did Tim actually accomplish though? He’s there to essentially “keep” what Apple already established under Steve Jobs. Nadella made some big decisions to completely remake Microsoft. By the way, return (not including dividends) is about the same between AAPL and MSFT since Nadella took over on February 2014 which is simply amazing if you think about the differences between the two companies.

Why downplay Tim Cook? If it is so obvious what to do why isn’t Microsoft a bigger company?

Why make disruptive changes? Stay the course and refine. That’s apple, and that’s why they’re the biggest.

That’s also why they didn’t foolishly overhire and why layoffs were not necessary for them.

And finally, why wouldn’t include dividends? SMH

Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs

#144

Post by kQq9oHeAz6wLLS »

loeg wrote: post #123
DamnYuppie wrote: post #105

Earlier quoted context omitted.

My take on the OP’s comment was that his salary and bonuses are controlled by the board. As Sergei and Larry have majority control he would not have gotten this without their explicit approval.

> [Pichai]'s salary and bonuses are controlled by the board That is true of any CEO pay, though.

Your argument does not negate OP's argument.

Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs

#145

Post by axlee »

fshbbdssbbgdd wrote: post #24
justrealist wrote: post #18

Earlier quoted context omitted.

Not sure I'm following. They aren't getting new equity grants, they're de-facto out of the picture and just riding the valuation. They have 51% voting power but it's not obvious they are actively making decisions, rather than just holding onto power in just-in-case. Sundar is getting new equity grants based on his "performance". That's not the same.

Larry and Sergey hired Sundar to do a job (make money for shareholders aka Larry and Sergey). If Sundar doesn’t want to do that job anymore they’ll find someone else to do it better. If I’m ignoring morality and just pretending I own the company and want to be richer, my opinion would be: if I think there is someone out there who will do a better job than my CEO and they are available, hire them no matter how much it…

Do you truly think there is no one on earth who could do a better job than Pinchai for, let's say, $80M a year? $40M a year? $30M a year? $10M a year? Why is there downward pressure on wages for everyone except for this particular position?

Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs

#146

Post by [deleted] »

sbierwagen wrote: post #83
pdntspa wrote: post #38

Earlier quoted context omitted.

Show me another profession that can have such a dramatic impact on the bottom line where your work makes the company 100x-1000x your salary. If anything SWE are underpaid, we should be getting a slice of total business unit revenue. With my last job doing SWE for a bank, I know for a fact that my code saved the company hundreds of thousands dollars just from one project, and I know for a fact that some of my other co…

>we should be getting a slice of total business unit revenue Start a company then. Pay is not determined by value, it's determined by leverage. The CEO pays himself the most money because he controls the company, he's not going to pay anyone lower than him more than he makes.

[deleted]

Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs

#147

Post by CobrastanJorji »

lancesells wrote: post #43

I said this in another thread complaining about Pichai: Google 2019 Net Income - $36B 2022 Net Income - $60B If was part of the workforce I would be even more pissed just at the company itself. Laying off 12k and cuts in perks after $60B in net income.

Ah, but Google announced a $70B stock buyback, so in a sense, isn't that a net loss of $10B, requiring belt tightening and layoffs?

Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs

#148

Post by cowsandmilk »

loeg wrote: post #133
eric-hu wrote: post #131

Earlier quoted context omitted.

Neither of them have to be CEO. So Page and Brin can reward the CEO for being ruthless in a down market and also have Sundar be the scapegoat for them. The “cake” is their stock going up. “Eating it too” is the CEO scapegoat.

This situation doesn't seem different from any other board of directors. Who cares about Page and Brin?

With controlling the majority of the votes, other shareholders have no ability to vote out the board. This isn’t about them being on the board. It is about their absolute control of saying who is on the board.

Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs

#150

Post by ammar2 »

DamnYuppie wrote: post #105
quitit wrote: post #47

Earlier quoted context omitted.

While all valid points, the current outrage is driven by the spiking CEO pay while making significant cut backs, this is all set against a wider landscape of belt tightening, a looming recession and the observation that CEOs are earning historically high pay ratios. Those high ratios led Apple shareholders to request a pay cut of their CEO, and that was without poor performance or firing workers.

My take on the OP’s comment was that his salary and bonuses are controlled by the board. As Sergei and Larry have majority control he would not have gotten this without their explicit approval.

Do you think the board would object to him saying "oh yeah this looks bad since we're cutting costs, let's lower my compensation a little."

It's not like he doesn't have any agency in this.

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