Earlier quoted context omitted.
You realize that Tim Cook and not Steve Jobs was responsible for thar right as the COO? SJ had nothing to do with that.
Really? Steve Jobs had NOTHING to do with iPhone logistics. Interesting. Do you know that for fact? Were you at Apple and involved in the process?
Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
251–260 of 327 posts
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#252Got 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…
Isn't taking the blame part of why CEOs get paid millions of dollars? 226 of them in this case. Pichai signed up for it and is objectively a winner too.
That would only hold water if they ever actually had to face consequences.
Do well? Get a massive bonus!
Do poorly? Get a massive bonus!
Do incredibly poorly? Leave with a golden parachute (aka massive bonus).
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#253Earlier quoted context omitted.
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.
Let me introduce you to a new concept.
I call it "Not Everyone Is Motivated Solely By Money."
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#254Earlier 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…
A lot of the time those guys are just making magical promises to customers with no idea how what they want could actually work.
Then they throw it to engineering and either take the credit or shift the blame.
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#255Earlier quoted context omitted.
Google is acting rationally. The products produced by these massively compensated employees in their 10s of thousands have failed to meaningfully add value beyond Search. Other Bets, X, Brain, DeepMind, etc, etc. All have failed over the last 20 years. Just good money after bad. So, the rational thing to do is cut costs and harvest profits. How many product managers, marketers, TPMs, DEI personnel, and layers and lay…
Do you think the failure was tactical failures or strategic failures? Other companies seem to bring new categories of business with success. Why could Microsoft launch a game platform and be successful but google couldn’t? Why is an e-commerce company leading cloud computing?
My best guess is culture. Google's perks went from a means to allow employees to work longer and harder to an entitlement that actually undermined productivity. It also appears they allowed internal activists to distract and delay the release of various tech–LLMs, for example, that would have given them a multi-year lead. Again, too many do-nothing marketers, PMs, DEI bureaucrats, TPMs, Directors and VPs, not enough actual builders. Maybe this is the blood letting Google needs to get it back into gear.
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#256If you work hard, put all your hours in, and strive for excellence, he’ll get another island next year
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#257Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#258Earlier 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?
Risk? He's a known quantity. There may be 1000 guys more capable than Pichai. Alas, there are at least two thorny questions:
* How do you find one of these guys in the haystack with any degree of confidence?
* How much time would one of them need to build a professional network at the same level as Pichai?
FWIW, I do find these compensation packages obscene. Just working out same thinly disguised math.
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#259Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#260Earlier quoted context omitted.
Really? Steve Jobs had NOTHING to do with iPhone logistics. Interesting. Do you know that for fact? Were you at Apple and involved in the process?
https://appleinsider.com/articles/11/10/22/jobs_trusted_cook...
It's sad that when I'm trying to search interviews with Tim Cook I can't find these interesting things that he has done. He knows so much about supply chain management and all he is asked about is privacy.