What is the actual point of giving anyone $226m in pay? How would that motivate them to deliver any more..? Ratio of CEO:staff pay at 1000:1!
Why does Buffett get up and go to work in the morning?
[flagged]
Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
171–180 of 327 posts
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#172Earlier quoted context omitted.
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.
Why would other shareholders vote out the board? There's no reason to think their interests wouldn't align with Page and Brin.
Do you think Blackrock has substantially different motivations? Like, come on.
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#173Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#174Earlier quoted context omitted.
In some companies, yes. In other engineering-driven companies it's the other way around. In many organizations, marketing is just asking customers what they want. E.g. ask a farmer from the turn of the century, they'd have said "I want a horse that pulls harder and eats less oats!" They'd never have said "I want a tractor!" It's Engineers that conceive of tractors.
Hard disagree. Marketers conceive of tractors. They are the ones by talking to the customers and knowing what they need. They are the ones that know that one engineer has been working on a high power engine, and other on rugged, high traction trailers. Purely engineering firms fail in the long run as they drift away from what buyers want and chase interesting things because they think they know better.
Cough meta cough
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#175Earlier 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...
Pichai's pay is on a 3 year cycle.
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#176I 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.
> 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. This cuts both ways. How many of those laid off had any connection to that profit?
I don't think this is a good argument. Just because you are at a cost center/not at a profit center doesn't mean you don't have any connection to the profit.
Take HR. Total cost center. By this logic they shouldn't get any piece of the pie. But in reality, without *good* HR, a company can be a shitty place to work. HR is just one example. Many others out there.
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#177Earlier 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.
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.
There is no reasonable amount by which he could cut his compensation that wouldn't result in whiners complaining that "well, that wasn't enough of a cut!”
If he's going to catch heat for it anyway, he might as well take what he's being offered.
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#178Earlier 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…
You're discounting the people that identified the opportunity, scoped out and defined the project, and then briefed you about what was needed. Sales, Marketing, and GTM are absolutely generating 100x - 1000x their salary if they take sole ownership of a project like you are doing. SWEs are good are solving problems, but other people determine which problems to pay attention to, and how much investment to make in them…
There's a straightforward (if not necessarily easy) way to test this hypothesis. Go look at founders and see what fraction are engineers vs project managers vs sales/marketing/business/etc. in their previous careers. Then go look at who is successful and how their success is positively or negatively impacted by their experience.
I haven't run the numbers but I have the impression that "idea people" tend to flounder without a strong technical co-founder. In contrast, technical co-founders can make it on their own, though there may certainly be challenges in doing so. Those roles are also very different in terms of what you can hire in as early employees vs what absolutely has to be a part of the founding team.
Almost everything in a big organization is a team effort, but that doesn't mean you can't tease out the relative contributions of the different parts. And I think you're undervaluing the engineering contribution substantially.
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#179Earlier quoted context omitted.
It might just be me, but aren’t they all filthy rich, excessively profiting from their workers, handing them selves extreme wealth, while cutting their workers off from this wealth. This is exploitation. The owning class for the owning class. The rich benefit and the workers are left exploited. Larry, Sergey, Pichai, they are all participating and benefiting at the cost of the workers. Any in-fighting and rivalry is…
The rich benefit and the workers are left exploited. Good grief. The highest paid workers on the planet, work for google. You should spread this communist blather at the proper place, coffee shops where workers aren't paid a living wage. Not people able to retire wealthy, is they invest their salary coreectly. Talk about entitlement.
Google runs coffeeshops with low paid workers.
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#180Got to give it to Larry Page and Sergey Brin for having their cake and also eating it. They control ~51% of voting power with shares thanks to owning ~85% of class B shares. They have had the benefit of someone else running the company for 8 years - and increasing the value of it - and now, when things are not looking great, it’s Sundar Pichai who gets the blame, and the focus on his compensation: and not those who s…
I will gladly take the role of whipping boy off of Sundar's hands.
A week would be enough, then I would retire.