Earlier quoted context omitted.
what was this company he sold for so much?
A webhost that was encroaching on godaddy popularity back then (nowhere near that now)
Thanks
CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft
281–290 of 357 posts
Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft
#282Earlier quoted context omitted.
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.
I would somehow tax inactive capital. Capital that is not directly invested in a company or pays for employees. Everything laying around or on the stock market should be heavily taxed.
That doesn't change the ownership problem. This solution could still allow for a a handful of people to own everything because they would be invested in, and therefore have ownership of, all of the companies.
Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft
#283Earlier quoted context omitted.
Jobs turned 90-days-bankruptcy Apple into the wealthiest company in the world.
All by himself?
What Jobs did is make the right decisions. The rest of the company that was 90 days from bankruptcy was the same.
The difference was Jobs made much better decisions.
Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft
#284I'm tired of capitalism. The less it's regulated, the more it opens the road to planned economy or tightly managed socialism. I'm glad I live in Europe. At least I can just retreat from this system with welfare and still eat and have a roof. Every time alternatives to capitalism are brought up, every time people come and say Stalin was worst than Hitler. It's impossible to discuss change or alternatives.
The problem is not capitalism. The problem is perverse incentives of Wall Street. Why did these CEOs get huge pay bumps? They improved their primary product: shares of the company. So many of these publicly traded companies don't have the product or service they claim to sell as their highest-priority market. Instead it is the stock market that has become their primary concern which incentivizes short term "value" ex…
"The problem is not capitalism"... Proceeds to describe capitalism.
Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft
#285Earlier quoted context omitted.
Maybe it's a good thing to repeat it again and again so we can see how ridiculous it is. Sometimes people really need to be hit on the head.
Why is it ridiculous when NFL and NBA players have $500MM contracts? Why shouldn't Google be allowed to pay these large contracts too?
Both are ridiculous.
Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft
#286Earlier quoted context omitted.
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
I don't know where your sense of entitlement is coming from, but first off, I don't owe you any information whatsoever. Not to mention the name of the company is absolutely irrelevant to the conversation we were having before you involved yourself literally only asking this question. I hoped, apparently wrongly, that someone could infer from me not bringing the name up myself that maybe I don't want to be associated with said place. I owe you nothing, welcome to hn.
People have their reasons for disclosing or not disclosing things. You aren't entitled to know why, by any means. You're a 32point 2 month old HN account who has literally nothing personal listed about yourself, whilst people like me do have personal things listed. Move off, bud. I owe you absolutely nothing and I have my reasons for whatever I say. And you are not entitled to a how, why or anything else about my reasoning.
Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft
#287Earlier quoted context omitted.
His ranch is on the MX/TX border and he owns domains (to resell) such as roaches.com, illegal.com, molest.com, etc. Take with those what you will of the sort of person he is. That's just the few I remember otoh. He has hundreds.
Not unheard of to squat on domains to prevent them from being used for nefarious purposes. Not saying that is what he is doing, but unless he starts using them for racist purposes, I am not going to hold this against him.
Literally nobody asked your opinion of how he uses his domains. But thanks for your sage response. Please continue playing devils advocate in situations you're completely ignorant toward. It really benefits everyone.
Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft
#288Earlier 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…
Wow, the address of that Tank website is Uvalde Texas where that horrendous shooting happened
Yeah it's Uvalde. Uvalde is a very weird place compared to most USA town/cities. The people who live IN Uvalde proper are mostly hispanic and bracing the poverty level and work on the ranches or schools of people with tens/hundreds of millions who own 10-50k acre ranches out there and are just generally worth mega millions.
Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft
#289Sundar Pichai is a CEO of Google that makes 75B per quarter or ~300B annually. That is $300,000,000,000. Him earning 225M worth of shares is a fair compensation for the head of a company who's decisions can earn/lose the company billions.
Same with Satya Nadella, Tim Cook and the variety of other CEOs.
We only see the news. The richest who own the bulk of stock market make billions per day at times when the share price rises a few %.
US was built on the idea that if you can create value, you get to capture some % of the value.
Sure the rich get richer and they have big advantage, but if you create the next internet sensation, that billions is yours.
We should definitely fighting against Big Tech when they abuse their monopoly like power (which they do), but when a company creates great technology to move humanity forward we should celebrate it.
It's not a black and white scenario though. Big Tech has plenty of good and bad depending on which perspective we look at.
Re: CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft
#290Earlier 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…
can you divulge any info on the company in question?
I mean what info are you looking for? I don't want to be associated with this company at all. I don't even have it on my resume, it's embarassing. I'm also not going to put myself into a situation where I've potentially got a guy worth $300+ million after me.