351–360 of 717 posts
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Completely valid point. The same document points out that the CEO and CCO (both co-founders) each realized more than $168M in compensation in 2021. That's the number to talk about I think.
Wow! $168M/(3800 employee / 100*23 layoff) = $192,219 per layed off employee Not that I am suggesting he should pay the layed off employees from his personal kitty. Just trying to understand the numbers. Edit: OP said CEO and COO each. So $192K x 2 ~= $384,000.
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people gambling their stimulus money because they didn't need it to make ends meet How did you quantify this statement?
They didn't, but I think most people would guess that is accurate. I know I do. I supported one of their open source infrastructure solutions(that they weren't paying for mind you) when SHTF.
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Reminder that Vlad Tenev founded Robinhood, an incredibly successful app that disrupted an industry and is still best in class. There really is no replacement for a founder CEO.
Would you say the same about Travis Kalanick or Adam Neumann?
That's a lot of staff - it means 1/5th of your coworkers got laid off... I'm very bearish on Robinhood - I don't know if they have enough of a moat to defend themselves from other free stock trading apps. People have forgiven so many outages. The Gamestop saga was the straw that broke the camel's back for many.
Those people are never coming back and they're never going to have anything good to say about Robinhood
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Are you talking about the ~$800M in stock-based compensation described here [1]? Nearly all of that only vests if Robinhood stock hits price targets between $120 and $300 per share. The remainder requires a price of $50.75 to be sustained for 60 days. Since none of these goals have been met, Vlad has not received any of it. And unless the company turns around dramatically - it's currently around $9/share - it's likel…
Completely valid point. The same document points out that the CEO and CCO (both co-founders) each realized more than $168M in compensation in 2021. That's the number to talk about I think.
Is this a valid argument? I dont know, but i feel that it isn't.
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Completely valid point. The same document points out that the CEO and CCO (both co-founders) each realized more than $168M in compensation in 2021. That's the number to talk about I think.
Wow! $168M/(3800 employee / 100*23 layoff) = $192,219 per layed off employee Not that I am suggesting he should pay the layed off employees from his personal kitty. Just trying to understand the numbers. Edit: OP said CEO and COO each. So $192K x 2 ~= $384,000.
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Maybe it’s worth reiterating that the unions and legal frameworks didn’t just happen “because unions.” And unions weren’t always (never were) guiltless entities. It was always a fight. The past is full of incidents to be horrified and emboldened by learning. Edit-there have been long periods where seemingly nothing can possibly change. Then enough backlash is raised against another side (even the status quo) and thin…
There's different types of unions, those in Europe tend to be different from the unions the US used to have (and perhaps still have). Unions in my country (Netherlands) do not protect the individual. You do not get hired via a union (free job from a "friend") nor does the union protect you from getting fired. The union is only there to protect collective interests. For example, a massive degradation in contract terms…
https://www.history.com/news/5-famous-company-towns
“In the case of less well-intentioned towns, matters get only worse. In some locations, companies would compensate workers with a scrip—a monetary substitute that was valid only at stores owned by that same company” Source: https://explorethearchive.com/company-towns?amp=1
Google could lay off vast swathes tomorrow and be immensely more profitable without any loss in revenue.
The 2010s will be remembered as the golden era for tech employment. The second we start getting industry wide layoffs, the insanely high wage inflation we've seen will kick into reverse much faster than you probably believe possible.
Further, tech employees will be the first to suffer in a high inflation environment due to rising discount rate. Yet tech is such a small portion of the labor force that layoffs here basically mean zilch when it comes to the unemployment rate/inflation, and thus there's a long way for it to fall before the Fed adjusts policy
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Are you talking about the ~$800M in stock-based compensation described here [1]? Nearly all of that only vests if Robinhood stock hits price targets between $120 and $300 per share. The remainder requires a price of $50.75 to be sustained for 60 days. Since none of these goals have been met, Vlad has not received any of it. And unless the company turns around dramatically - it's currently around $9/share - it's likel…
Exactly - all these articles about CEO compensation are misleading. Case in point: Intel's CEO's 2021 salary was reported as almost $180M. In reality, he got only about $10M. He hit literally none of the targets that would allow him to get the rest of the compensation (although in theory he has a few years to hit those targets).
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They didn't, but I think most people would guess that is accurate. I know I do. I supported one of their open source infrastructure solutions(that they weren't paying for mind you) when SHTF.
If all we are doing is guessing, I would also guess that people being stuck at home with nothing to do but mess around with Robinhood played a big factor