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CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

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Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

#251

Post by empyrrhicist »

mkarrmann wrote: post #202
empyrrhicist wrote: post #188

Earlier quoted context omitted.

It's not hard to believe. What's hard to believe is that you couldn't possibly find a better CEO for a much more modest compensation package.

I share that intuition, although I don't see any reason to trust the intuition of an outside (either myself or presumably yourself) making 2 second back-of-envelope calculations of that of the Alphabet board.

Outrageous claims require commensurate evidence. Human factors easily explain why these hierarchical social structures produce wealth concentration.

Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

#252

Post by Brybry »

Calavar wrote: post #62
Brybry wrote: post #36

Earlier quoted context omitted.

I don't think this is true for all of us, possibly not even for most people in the US. I know plenty of people who took lower paying jobs because they valued other things more than "growth": quality of life, family, passion, etc. I know people who have enough to meet their needs and are not actively working towards having more . People who retire by "aging in place" who do not care about the value of their home becau…

I think this is somewhat naive. The growth mindset pervades the entire economy, and virtually everyone's interests are bound into it one way or another. Yes, of course there are people who prioritize lifestyle over chasing money. No one will debate that. But if those people's retirement plans are dependent on a 401k or drawing payments from a pension fund and not just cash savings, then they are amongst the growth-ob…

> The growth mindset pervades the entire economy, and virtually everyone's interests are bound into it one way or another.

I agree with this but I think gkoberger's post was maybe edited?

I believe the post I originally responded to was worded in a way that implied everyone individually was purposefully embracing a growth mindset (or I misunderstood).

There's certainly no way to escape that all retirement systems in the US are based on growth. Even social security seems to rely on making more from interest than from taxes.

Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

#253

Post by Fatnino »

swozey wrote: post #83
melenaboija wrote: post #26

> Alphabet CEO Sundar Pichai was awarded compensation worth more than $225 million in 2022 I know this has been discussed here and 225MM is like the salary of 1000 employees making 200K for only one year, it is stock which is volatoile, that the salary of a CEO is impossible to measure, bla bla bla. But holy guacamole, whatever is the angle I look at it 225MM pear year does not make any f_ing sense to me and it is si…

I worked for a guy a decade ago who spent 8-10 years building a company to sell it for $300-400 million and he hasn't worked a day since. Owns a 30k acre ranch that a bunch of friends/family live on. Learjets. Villas in the islands, things like that. I can't think of one thing he hasn't done or is limited financially in doing. Last time I saw him he had a $120k watch on, some type of Hublot big bang. And Pichai gets…

There really needs to be an upper limit on how much wealth a person is allowed to amass.

Half a billion seems fair. After that the tax bracket needs to be taxed at 100%

Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

#254

Post by ffhhttt »

swozey wrote: post #203
Forgotthepass8 wrote: post #198

Earlier quoted context omitted.

Why are you afraid to name companies?

You literally just read my previous comment and went "hmm, lets ask him to expound?" My god, some people.

But you didn’t really say anything besides it being ‘impolite’.. which is rarely the best reason to not do something

Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

#255

Post by firecall »

Fatnino wrote: post #253
swozey wrote: post #83

Earlier quoted context omitted.

I worked for a guy a decade ago who spent 8-10 years building a company to sell it for $300-400 million and he hasn't worked a day since. Owns a 30k acre ranch that a bunch of friends/family live on. Learjets. Villas in the islands, things like that. I can't think of one thing he hasn't done or is limited financially in doing. Last time I saw him he had a $120k watch on, some type of Hublot big bang. And Pichai gets…

There really needs to be an upper limit on how much wealth a person is allowed to amass. Half a billion seems fair. After that the tax bracket needs to be taxed at 100%

No, we need to fix the mechanisms that have allowed so much wealth to accrued by individuals.

Companies need to be taxed correctly. They need to give back to the societies that built the social structures that allowed them to be created and thrive.

Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

#256

Post by amelius »

Fatnino wrote: post #253
swozey wrote: post #83

Earlier quoted context omitted.

I worked for a guy a decade ago who spent 8-10 years building a company to sell it for $300-400 million and he hasn't worked a day since. Owns a 30k acre ranch that a bunch of friends/family live on. Learjets. Villas in the islands, things like that. I can't think of one thing he hasn't done or is limited financially in doing. Last time I saw him he had a $120k watch on, some type of Hublot big bang. And Pichai gets…

There really needs to be an upper limit on how much wealth a person is allowed to amass. Half a billion seems fair. After that the tax bracket needs to be taxed at 100%

It's also better for society, because it incentivizes people who produce more than average to keep producing. There's an optimum somewhere.

Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

#257

Post by amelius »

Quarrelsome wrote: post #130
jvmfjvfjvf wrote: post #124

Earlier quoted context omitted.

Why is that trash? I would love to drive and shoot a real tank as a civilian.

can we argue carbon footprint?

At least they are not launching space rockets.

Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

#258

Post by catchnear4321 »

typically there is a reaction to ceo pay being completely removed from reality.

is it?

ceo is typically a shit job. nobody likes you except for obsessive weirdos, power-mad sycophants, etc. nobody nice. (which, when you consider the ceos…)

one year of ceo pay is enough to retire from the shit job. why come back?

so ceos must also typically be driven by absurd dollar amounts.

which, given finite life spans, the ceo would never be able to spend it all.

so why would a ceo accept a multi year deal for more money than god?

that’s right. ceos are suckers.

Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

#259

Post by jerojero »

welshwelsh wrote: post #217
bmitc wrote: post #177

Earlier quoted context omitted.

That is a fair critique and overall true. But it also highlights the pay of these CEOs to be so absurd as to be barely comprehensible. It makes me wonder what types of personalities these people are. If I even had that salary for a year, max three, I'd retire and spend time learning and doing non-profit and foundation work.

That's why you'll never make CEO pay. Most people, myself included, will happily retire with a couple million. A lot of these people have ambitions that require a lot more money than that. Maybe they want to cure aging or explore space or something. Another way of looking at it: if someone makes 100m a year and they are thinking about retiring, how much would you need to offer for them to choose to work another year…

Whatever their ambitions are, it doesn't seem to be something that's doing the world very well. Inequality is increasing, climate change is boiling us alive. Houses keep getting more and more unaffordable... These people only work for themselves and their close circles. It just doesn't seem to be a structure of governance that is doing the world very good.

Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

#260

Post by refurb »

swozey wrote: post #83
melenaboija wrote: post #26

> Alphabet CEO Sundar Pichai was awarded compensation worth more than $225 million in 2022 I know this has been discussed here and 225MM is like the salary of 1000 employees making 200K for only one year, it is stock which is volatoile, that the salary of a CEO is impossible to measure, bla bla bla. But holy guacamole, whatever is the angle I look at it 225MM pear year does not make any f_ing sense to me and it is si…

I worked for a guy a decade ago who spent 8-10 years building a company to sell it for $300-400 million and he hasn't worked a day since. Owns a 30k acre ranch that a bunch of friends/family live on. Learjets. Villas in the islands, things like that. I can't think of one thing he hasn't done or is limited financially in doing. Last time I saw him he had a $120k watch on, some type of Hublot big bang. And Pichai gets…

Drive a tank?

That's absolutely awesome

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