Yes, but _he_ worked really hard.
Sundar Pichai received $226M compensation, boosted by a triennial stock grant
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Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#32“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.
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#33All the fired xooglers seemed to praise their former employeer on social media, so they seem to accept that they deserved to be fired. It's hard to be mad at the CEO, when the people who lost their jobs displayed no anger.
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#34CEO received compensation for good cost-cutting measures? What am I missing here?
> CEO received compensation for good cost-cutting measures? What am I missing here?
CEO not being penalised for over-hiring and bad decision making in the first place?
Turkeys are never going to vote for Xmas/Thanksgiving. CEOs and the board are never going to be punished or fire themselves for being awful.
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#35All the fired xooglers seemed to praise their former employeer on social media, so they seem to accept that they deserved to be fired. It's hard to be mad at the CEO, when the people who lost their jobs displayed no anger.
Sources?
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#36CEO received compensation for good cost-cutting measures? What am I missing here?
CEO made bad decisions that many other companies avoided. CEO panicked and fired thousands unprofessionally. CEO received record compensation.
> CEO made bad decisions that many other companies avoided.
Like what? Over-hiring? Many other companies avoided? Like which big ones? Amazon, Microsoft etc.?
> CEO panicked
Sounds like hyperbole
> fired thousands unprofessionally
How do you fire thousands professionally? I thought ensuring market and shareholder satisfaction was the top priority for CEOs and they get paid to make those unpopular decisions as/when deemed fit?
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#37Actual Title: Alphabet CEO’s Pay Soars to $226 Million on Huge Stock Award.
@sine_break, [1],
> please use the original title, unless it is misleading or linkbait; don't editorialize.
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#38All the fired xooglers seemed to praise their former employeer on social media, so they seem to accept that they deserved to be fired. It's hard to be mad at the CEO, when the people who lost their jobs displayed no anger.
The ones I know that did not post on social media did not want to be fired.
Consider the selection bias of people posting on social media. Also consider people would want to be positive on social media to keep their future employment prospects.
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#39The (editorialised) title [0] is classic Anchoring [1], me thinks. Google did not fire folks because they were making losses. At some level, they got rid to appease Wall Street given their shrinking profit margins. I mean, here's a business that brings in revenues of £500M / day (over £150M / day net); an astonishing amount. Anchor against that? Never let the less spectacular get in the way of a click bait, I guess.…
Maybe google didn't fire them because things didn't go well, but still, having to fire people (instead of reallocating them to better-fitting positions or not hiring intge first place) is a management failure for me, in a scale which a CEO resigning(or at least lowering their income/bonuses) would be justified. But maybe this is just a difference in opinion.
What if hiring them in the first place was the mistake? What are your options in that case?
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#40... And getting caught flat-footed against Microsoft (and Adobe, but but not as loudly) in the precise field Alphabet is supposedly the insurmountable leader. Remind me again how big-co CEOs assume "all the risk"?
> Remind me again how big-co CEOs assume "all the risk"? Does anyone seriously believe this? I see it all the time as a "comeback" against CEOs, but I don't think I've ever seen anyone arguing that they actually are the ones that assume all the risk.
Zuckerberg took "full responsibility" in the last round of failures too.
Though he isn't injecting his money back into the company.
Full responsibility, but not too much.