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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

#181

Post by lvl102 »

endisneigh wrote: post #159
lvl102 wrote: post #155

Earlier quoted context omitted.

I am not downplaying Tim at all. He’s good at what he does but he and Nadella is not on the same level in terms of accomplishments. Tim was handed a silver platter that is iPhone. Nadella completely changed Microsoft.

Apple literally has updated all of their Macs to a new architecture. While competing with tens of vendors in every product category at a variety of price points. You are being absolutely ridiculous. Apple is literally stealing market share from Microsoft in every product category in which they compete.

They quite literally put SOCs they started developing under Steve in Macs. You cannot be serious and think Tim Cook spearheaded M1 chip development. He’s a logistic and operations guy. He’s not a visionary.

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

#182

Post by serf »

v1l wrote: post #168

It's funny to me that no one complained about Sundar's pay when things were going swimmingly well.

why is that funny at all? It didn't coincide with layoffs at that time.

One of the first things that someone that gets laid off tries to do is understand the reasons for the conditions that prompted the lay-off.

One could -- somewhat reasonably -- divide the number of yearly salaries into 226 million and become quite outraged.

Is a single CEO worth that many jobs? That's the true question that creates outrage, not whether or not he was paid well.

If the jobs were never at stake the outrage would not exist.

I explain this without any outrage myself in this matter; a contractual payout has little to do with whatever current employment climate may exist -- but I can understand where the outrage originates.

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

#184

Post by hgsgm »

axlee wrote: post #145
fshbbdssbbgdd wrote: post #24

Earlier quoted context omitted.

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?

His pay is huge, but not huge when spread across 12K people. You couldn't keep them employed on $250M/3yrs

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

#185

Post by doublepg23 »

endisneigh wrote: post #159
lvl102 wrote: post #155

Earlier quoted context omitted.

I am not downplaying Tim at all. He’s good at what he does but he and Nadella is not on the same level in terms of accomplishments. Tim was handed a silver platter that is iPhone. Nadella completely changed Microsoft.

Apple literally has updated all of their Macs to a new architecture. While competing with tens of vendors in every product category at a variety of price points. You are being absolutely ridiculous. Apple is literally stealing market share from Microsoft in every product category in which they compete.

Not to mention the Apple Watch.

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

#186

Post by ikiris »

b112 wrote: post #162
runarberg wrote: post #137

Earlier 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.

This is why this country sucks, no one wants people to be paid adequately if it's more than they make. Talk about crab bucket mentality.

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

#187

Post by rjzzleep »

gregdoesit wrote: post #11

Got 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…

Do they? I'm sure they run something, but I'm not sure they're the ones telling Pichai constantly which services to cut. To launch Stadia, to kill Stadia, to get Pichais buddy to take over Google Pay, to fire Pichais buddy who runs Google Pay.

Maybe they are micromanaging nightmare bosses, I wouldn't know. But from all I have seen, from the very start of Pichais tenure, he definitely deserves a huge chunk of the blame.

I don't think that Google's market cap increased by ~$890B because of Pichai, it increased despite him.

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

#188

Post by mlyle »

quitit wrote: post #47
gregdoesit wrote: post #11

Got 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…

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.

> the current outrage is driven by the spiking CEO pay while making significant cut backs,

Imagine CEO pay wasn't high.

They would still be reaping a huge portion of the benefit of shareholder-friendly (and less employee-friendly) policies, but escaping the blame.

Effectively, the amount of capital appreciation they've squeezed from layoffs dwarfs the CEO pay package, without any scrutiny.

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

#189

Post by JenrHywy »

ta1243 wrote: post #75
easytiger wrote: post #58

Earlier quoted context omitted.

Why does Buffett get up and go to work in the morning?

Why would someone work for $250m but not work for $150m? Or at that level of wealth work for free. Surely it's just for keeping score

By why would someone work for $150m when they can get $250m? The pool of CEOs that can successfully run billion dollar companies is pretty tiny.
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