361–370 of 428 posts
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Haha, come at me, youth! Seriously, though, as long as you keep up, and avoid being a curmudgeon, you're gonna be fine. The only ones who die in this industry choose to stop swimming.
Trying to work with your analogy... Does that mean H1Bs are the sharks, or the chum?
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And that's wasn't the first Cold War related layoff period, we largely stopped fighting it in the '70s (roughly "Vietnam" through when the Soviet invasion of Afghanistan gave Carter a clue), and between that and the end of the Apollo program aerospace crashed and never returned to its old level. My family hired an EE to do electrical engineering in ~1972 and he was thrilled to be able to get back to it after doing al…
My dad has a story about working for TRW in spring of 1971. One of his older wiser coworkers came into his office and said 'take a look at this', and laid down the previous three months worth of internal TRW phone books. They were rapidly getting thinner each month. My dad decided he needed to get out and get out now. Through an old work friend[1] he managed to swing a government position in the Bay Area which he kep…
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Trying to work with your analogy... Does that mean H1Bs are the sharks, or the chum?
You turned this into an H1Bs thing a heartbeat... And this in a country built by and welcoming towards immigrants. Shouldn't we be discussing how to make the industry and the life of H1Bs better?
During the dot-com bust of the early 2000s, I was working at a super-market. One of the guys stocking shelves was a software engineer laid off by a large company after 40 years. The management at Winn Dixie put him stacking boxes in the freezer section...since they knew he needed the money and wouldn't quit. Maybe he deserved to get fired, maybe he didn't. The lesson to me that has been reinforced over my career in t…
Economic downturn happens every now and again. That's expected. You cannot change it. What a software engineer should have done was to be prepared for it. I don't see any valid reasons for him to end up in a supermarket job. 2000s crisis lasted a couple of years at the most. He should have had the means to survive comfortably the temporary time period when he was without an income. The lesson is: Be prepared as if yo…
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$6.2M is not a lot for a big company if the leader can increase sales or profits by even a few percent... which does not appear to be the case here.
Why would you attribute an increase in sales or profits to the leader? Just because Pharaoh decides to build a pyramid, doesn't mean it will happen, however hard they think it, without an army of people doing the actual work. Also, after the fact, sure, you got a pyramid, but what might have happened if those people were doing something else? It is easy (and in leaders' interests) to take credit for non-negative chan…
September 2012 IBM stock 205.5 September 2013 IBM stock 192.75 September 2014 IBM stock 190 September 2015 IBM stock 145 March 2015 IBM stock 140
If the CEO pay logic even remotely applied this woman would never be employed by anyone again. I'd rather hire a pyromaniac that did 100 million dollar in fire damage to his last employer : it'd be far, far cheaper.
Since she led IBM the stock has lost 11% of it's value every year, but it's not an average : the loss has accelerated over time. For her fifth year she's on track to have IBM stock lose 37% of it's value (trendline Sep 2015 to today, then see where that trendline is on Sep 2016. Where will it be ? 92 dollars). In absolute value, IBM shareholders have lost 62.4 billion dollars, about 1/3 of the total market cap.
If you're right, and the CEO is responsible for this ... Just wondering: I'm not the CEO. Suppose I do something that loses my company 46% of it's total stock price, damage sufficient assets to cause 60 billion dollars in damage. What will happen to me ? 16 million dollars extra pay ? Or something else ...
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I worked at IBM in the 80s too, like my dad before me. The two things that struck me as unusual even then were that noone in the company has ever been laid off, and that there was widespread belief that the company really did have 2 or 3 generations of new product lines that they kept in storage, ready to release if the competition ever started to catch up.
I worked at IBM in the '90s and again in the early 2000s. (Yeah, I'm not bright.) I worked on three major projects (i.e. things that had newspaper articles at the time and Wikipedia entries today) and relatively minor one (cough, cough, AACS). None of the projects shipped. One had hard technical problems, but those paled in comparison to the management problems. In the final case, the entire division disappeared in t…
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$6.2M is not a lot for a big company if the leader can increase sales or profits by even a few percent... which does not appear to be the case here.
Why would you attribute an increase in sales or profits to the leader? Just because Pharaoh decides to build a pyramid, doesn't mean it will happen, however hard they think it, without an army of people doing the actual work. Also, after the fact, sure, you got a pyramid, but what might have happened if those people were doing something else? It is easy (and in leaders' interests) to take credit for non-negative chan…
Meanwhile, IBM's CEO Ginny Rometty not only pocketed a salary of $1.6M in 2015, but also took a bonus of $4.6M. Not bad for 16 straight quarters of shrinking sales, evaporating profits and a falling stock price. http://www.latimes.com/business/hiltzik/la-fi-mh-ibm-s-ceo-w...
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> A company is it's employees But they are not the same group of employees though ;-) that's the point. > The discussion we're having here is because there seem to be no repercussions to their failure. Ok and how should we punishing all the failed startups though? Who is holding them responsible for their failure? > it's because they failed to train them We should try. But in general this is like the idea of "Why don…
When a startup fails, the management are generally out of work as well.