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Sundar Pichai received $226M compensation, boosted by a triennial stock grant

bloomberg.com

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Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#181

Post by serf »

andrewstuart wrote: post #93
genericacct wrote: post #85

Earlier quoted context omitted.

None of which started during his reign, am i wrong?

Well he hasn’t ruined them. That’s the standard we’re talking here.

YouTube gets away with numerous anti-user tactics because they're in-effect the only show in town, not because the experience is great.

It's not a big surprise that a Google backed product could suffer to bleed money the longest over other streaming services.. in other words their longevity in the field isn't an indicator of quality or customer happiness, just circumstance.

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#182

Post by layer8 »

oezi wrote: post #51
elbowjack65 wrote: post #25

Earlier quoted context omitted.

Moreover, Bing, ChatGPT hasn't even made a dent in Google's search engine market share [0]. [0] https://gs.statcounter.com/search-engine-market-share

Surprising, given that ChatGPT has replaced between 50% and 75% of my searches by volume.

You’re an outlier.

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#183

Post by twoodfin »

vjk800 wrote: post #130

What I don't get about CEO compensations is, do they even work? Like I get that you're a high impact person and you should have the proper incentives to lead the company in the right direction, but do the crazy compensations actually achieve that? Like is there any difference between $100M and $200M? Both of those numbers are way higher than anyone and their children can use in their entire lifetimes, why do you even…

This hypothesis is testable in the market, and there are any number of investors—including private equity firms and activist investors—on the lookout for feathered-nest C-suites and other misaligned executive incentives.

There was a great little aside a couple months ago on the Odd Lots podcast[1] about investors forcing a radical change in oil company executive incentive compensation that had been draining shareholder value for decades.

[1] https://overcast.fm/+5AWMJLBNw

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#184

Post by kevinh »

abudabi123 wrote: post #32
haunter wrote: post #11

“While Firing Thousands” That’s not the original title just added by OP for drama. It’s an editorialized title. “Alphabet CEO’s Pay Soars to $226 Million on Huge Stock Award” It’s a Bloomberg article not the Guardian

> “While Firing Thousands” While correcting for the mistake of inflated bloat from recruiting? Industry wide pattern is emerging useless hires.

And who would have been responsible for the inflated bloat?

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#185

Post by serverlessmania »

andrewstuart wrote: post #59

I simply don’t see what good this CEO has done. He’s destroyed googles reputation with developers. Destroyed customer trust in Google products. Done nothing to fix googles reputation for terrible customer service. Led Google to third place in cloud computing. AND been thrashed by Microsoft / ChatGPT, putting Googles core business at risk. Why is this guy CEO?

Literally, nothing good, the chore of Google business is losing ground, Chrome losing more and more users in favor of Edge, Google search taking a hit since OpenAI and Microsoft partnered together to bring AI to search, serial acquisition and sunsetting of products, worse bureaucracy in the whole tech industry, and the list goes on!

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#186

Post by danaris »

0xDEF wrote: post #88
kubb wrote: post #64

The upper management at Google are so lucky that the company is filled with timid people who are averse to change and didn't unionize. Now they can safely siphon the profits for another several years until they inevitably drive the company into the ground when the ad revenue dries up, and they move to similar positions at other places with healthy revenue streams. And the rank-and-file Googlers will defend this becau…

I am from Denmark where we have strong unions protecting our working class and lower middle class. That is a good thing. However what is the benefit of ultra high income FAANG employees unionizing?

Just because a particular group has high salaries in some absolute sense doesn't mean they shouldn't unionize.

For one thing, unionization is nearly guaranteed to raise salaries.

For another, it will get them better benefits and working conditions.

Overall, it reduces inequality, which is one of the major structural problems in our society and economy today.

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#187

Post by bmcquade »

Xelbair wrote: post #177
bmcquade wrote: post #153

Earlier quoted context omitted.

Sundar became CEO at a time when Google needed a leader who could build consensus across different product areas. Sundar was the right person for this role. Unfortunately Sundar is also relatively weak at setting a bold vision to ensure the company continues to grow and innovate, as Larry had done. So under Sundar the company has slowly shifted from being innovative to being very risk averse, incentivising not making…

so to paraphrase, he is a bean counter.

I think he cares deeply about the company and its mission, he just lacks the ability to be a bold and decisive leader. This can be a good thing in some cases (he is good at building consensus for example), but can also be harmful.

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#188

Post by hartator »

refurb wrote: post #154
andrewstuart wrote: post #59

I simply don’t see what good this CEO has done. He’s destroyed googles reputation with developers. Destroyed customer trust in Google products. Done nothing to fix googles reputation for terrible customer service. Led Google to third place in cloud computing. AND been thrashed by Microsoft / ChatGPT, putting Googles core business at risk. Why is this guy CEO?

Under his leadership (2015 to now), Google revenues have gone from $75B to $279B, a 272% increase. Google stock was a $30/share and is now at $105/share (250% increase). That's what he's done. Just in 2022, revenues were up $23B, so his cut was 1.2% of that.

And 8 years before, it went from 10bn to 75bn. A 750% increase. He slowed down growth by 3x.

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#189

Post by danaris »

Zetice wrote: post #121
malermeister wrote: post #76

Earlier quoted context omitted.

Which, while true, is a really shitty system, as evidenced by the headline.

It’s a lot less shitty than everything else we’ve tried, it’s not like we know of a better way to run an economy…

No, there's certainly no possible modifications to the system that could make things more equitable, make people happier, make it less likely for people to be homeless on the street...

looks over at Europe

...wait a sec...

Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant

#190

Post by layer8 »

qeternity wrote: post #167
malermeister wrote: post #87

Earlier quoted context omitted.

They should. Not out of charity, but out of labor protection. You take on a worker, you take on a responsibility.

Ok, and what responsibility do workers have? Should they be compelled to stay in jobs they no longer want? Have you considered what an increase to employment costs might do to broader employment?

The larger the company, the larger the power differential between employer and employee. Power comes with responsibility.
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