So if they paid him 0$ they could have kept 500-1,000 out of those 12,000 employees? And that's assuming none of his pay was redistributed to any of the employees they kept. That's the thing with these gigantic numbers, they always look really impressive, but when you divide them by the actual number of employees involved it's not a huge per-employee benefit. Not saying it's fair, just that if you stare starry eyed at the number thinking cutting out the top would make a huge difference in you're life, you're mistaken.
Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
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Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#42Got to give it to Larry Page and Sergey Brin for having their cake and also eating it. They control ~51% of voting power with shares thanks to owning ~85% of class B shares. They have had the benefit of someone else running the company for 8 years - and increasing the value of it - and now, when things are not looking great, it’s Sundar Pichai who gets the blame, and the focus on his compensation: and not those who s…
I will gladly take the role of whipping boy off of Sundar's hands.
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#43I said this in another thread complaining about Pichai:Google
2019 Net Income - $36B
2022 Net Income - $60B
If was part of the workforce I would be even more pissed just at the company itself. Laying off 12k and cuts in perks after $60B in net income.
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#44Two words. Tone deaf.
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#45So if they paid him 0$ they could have kept 500-1,000 out of those 12,000 employees? And that's assuming none of his pay was redistributed to any of the employees they kept. That's the thing with these gigantic numbers, they always look really impressive, but when you divide them by the actual number of employees involved it's not a huge per-employee benefit. Not saying it's fair, just that if you stare starry eyed a…
Were you trying to say 500-1000 of the employees isn't a huge number?
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#46Hating capitalism is one thing. Being clueless how it works is childish. 200M over 3 years for the CEO of the most consequential tech company on the planet is peanuts. Pop artists make similar money scantily clad and squeezing autotune
> Pop artists make similar money scantily clad and squeezing autotune Which pop artist is making anywhere near 220M in take home over 3 years? 70M/year is Taylor Swift numbers, and shes the highest earning female artist ever .
Drake
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#47Got to give it to Larry Page and Sergey Brin for having their cake and also eating it. They control ~51% of voting power with shares thanks to owning ~85% of class B shares. They have had the benefit of someone else running the company for 8 years - and increasing the value of it - and now, when things are not looking great, it’s Sundar Pichai who gets the blame, and the focus on his compensation: and not those who s…
While all valid points, the current outrage is driven by the spiking CEO pay while making significant cut backs, this is all set against a wider landscape of belt tightening, a looming recession and the observation that CEOs are earning historically high pay ratios.
Those high ratios led Apple shareholders to request a pay cut of their CEO, and that was without poor performance or firing workers.
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#48Got to give it to Larry Page and Sergey Brin for having their cake and also eating it. They control ~51% of voting power with shares thanks to owning ~85% of class B shares. They have had the benefit of someone else running the company for 8 years - and increasing the value of it - and now, when things are not looking great, it’s Sundar Pichai who gets the blame, and the focus on his compensation: and not those who s…
Google performed only slightly better than QQQ in the past 5 years, and performed significantly worse than AAPL. Tim Cook doesn't get that comp, if that's what you mean.
Doesn’t Laurene Powell Jobs still hold 5.5% of AAPL through the Steve Jobs Trust?
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#49While I agree that CEOs are overpayed, I think the same applies to software engineers. Software Engineering has been a pay/perk bubble for years that was due for a correction, and like when Elon cut the free gourmet lunches and coffees for Twitter staff, I'm sure the Google engineers will survive. Meanwhile Google's "raters", the army of workers who do the hard work of moderating and testing Google's platforms are ge…
I disagree about being overpaid. Similar to other professions - engineering and medicine for example - we have a career which requires a dedication to constant learning. We build systems which allow companies to generate billions in revenue and deserve a slice of the pie.
>and deserve a slice of the pie.
...and deserve a fair slice of the pie.
Re: Googlers angry about CEO’s $226M pay after cuts in perks and 12,000 layoffs
#50While I agree that CEOs are overpayed, I think the same applies to software engineers. Software Engineering has been a pay/perk bubble for years that was due for a correction, and like when Elon cut the free gourmet lunches and coffees for Twitter staff, I'm sure the Google engineers will survive. Meanwhile Google's "raters", the army of workers who do the hard work of moderating and testing Google's platforms are ge…
People generally get paid the amount that it costs to find someone else to do their job¹ It is very easy to find someone else to be a "rater". Certainly easier than it is to find another software engineer You can argue SWE wages are inflated but comparing them to someone testing whether YouTube search returns the right results is inaccurate and feels disingenuous "Fairness" is a vague concept which nobody can agree o…
By that logic, Sundar's pay is completely justified, as well as the pay cuts for Software Engineers, as more and more people become software engineers every day and available pool of workers continues to increase.