Most annoying part of the $226M is that he’ll pay a lot less taxes percentage-wise than the average Google employee.
Sundar Pichai received $226M compensation, boosted by a triennial stock grant
471–480 of 543 posts
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#472Earlier quoted context omitted.
Err, I thought time was important? Now you're listing off all of this stuff you don't really need... Take it from a multi millionaire: it's not that cool. You already have everything you need and more, probably. Start appreciating it.. You sound jealous?
>> You don't have to think money is everything to understand how earning $225 million in a short time will help you with all the things you do care about, whether it's [list of options]
Well yeah? So will 225k as an engineer vs 25k as a bus boy.
Life can still be great. How much money you make isn't really all that important, I'm happy to inform you. No need to be jealous, count your own blessings!
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#473Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#474Earlier quoted context omitted.
> Workers would benefit much more from unionization than they would from holding the stock at a company without a union. Maybe this would work if the employees have some sort of monopoly like the people who work at the ports. However, with knowledge workers there’s a threshold when it’s simply cheaper to move states or even countries. Employees who are well compensated also do not have an incentive to form a union. Y…
Investment bankers job is to deploy capital. How would unionizing help them? Will unionizing increase the amount of capital? No, so no sane person would suggest that. Software engineers are primarily manufacturers. They make products. The barrier to entry is extremely low for this line of work. I get that you think you’re really smart, but there are tens to hundreds of millions of people in the world who could do you…
> The barrier to entry is extremely low for this line of work. I get that you think you’re really smart, but there are tens to hundreds of millions of people in the world who could do your job adequately.
This is so laughably insane when it comes to Google-caliber software engineers.
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#475Earlier quoted context omitted.
>> You don't have to think money is everything to understand how earning $225 million in a short time will help you with all the things you do care about, whether it's [list of options]
Well yeah? So will 225k as an engineer vs 25k as a bus boy. Life can still be great. How much money you make isn't really all that important, I'm happy to inform you. No need to be jealous, count your own blessings!
I'm very happy, because my wife is a wonderful person and I love my family, and that's what matters most. Wish we could provide our kids with their own bedroom, but still, life is good. But sorry, wait, that has nothing to do with what we are talking about. I was answering why money, despite not being everything, enables one to spend their time much more freely, and I would gladly invest a few years playing CEO of Alphabet to get back far more time than that over the remaining 40 years of my lifespan, and you are arguing in favour of... declining that job, because money isn't everything?
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#476Earlier quoted context omitted.
Investment bankers job is to deploy capital. How would unionizing help them? Will unionizing increase the amount of capital? No, so no sane person would suggest that. Software engineers are primarily manufacturers. They make products. The barrier to entry is extremely low for this line of work. I get that you think you’re really smart, but there are tens to hundreds of millions of people in the world who could do you…
> The barrier to entry is extremely low for this line of work. I get that you think you’re really smart, but there are tens to hundreds of millions of people in the world who could do your job adequately. This is so laughably insane when it comes to Google-caliber software engineers.
The thesis of my argument is hiring that caliber of engineer provides little marginal value over a lesser engineer. The evidence is that Google has struggled to release successful products despite their supposed advantage in engineering quality.
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#477Earlier quoted context omitted.
It’s a lot less shitty than everything else we’ve tried, it’s not like we know of a better way to run an economy…
No, there's certainly no possible modifications to the system that could make things more equitable, make people happier, make it less likely for people to be homeless on the street... looks over at Europe ...wait a sec...
Do you think foreign CEOs aren’t paid like this?
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#478Earlier quoted context omitted.
> if I grouped google products, I think successful and launched before 2006 would be the same In October 2006, YouTube was bought by Google for $1.65 billion.[11] Google Maps was launched in February 2005.[2] These are the last 2 Google products I use Search got replaced by DDG then Ecosia Chrome by Firefox Gmail by my own mail server My Pixel 2 ran out of security coverage and sick of buying a new phone every 2 year…
> my own mail server This is hardly reproductible. I guess that the standard place people go after gmail is fastmail. But getting a free equivalent is hard (at least I do not know any). I could host my mail but this is hard work and monitoring.
definitely protonmail for sure
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#479What I don't get about CEO compensations is, do they even work? Like I get that you're a high impact person and you should have the proper incentives to lead the company in the right direction, but do the crazy compensations actually achieve that? Like is there any difference between $100M and $200M? Both of those numbers are way higher than anyone and their children can use in their entire lifetimes, why do you even…
There's a "rachet effect" - BigCorp needs a new CEO, the committee looks for a replacement. Are they looking for an "average" CEO or an above average CEO? Compensation gets decided by a separate committee who use consultants who want to get re-hired. Buffett wrote about this in his 2005 letter to shareholders: "Too often, executive compensation in the U.S. is ridiculously out of line with performance. That won’t chan…
Really nice buffet selection, a perhaps more notably because he mostly seems to defend stock repurchases (presumably baring some outlandish ceo grant like in the quote) due to the tax deferred accumulation.
Re: Sundar Pichai received $226M compensation, boosted by a triennial stock grant
#480Earlier quoted context omitted.
Well yeah? So will 225k as an engineer vs 25k as a bus boy. Life can still be great. How much money you make isn't really all that important, I'm happy to inform you. No need to be jealous, count your own blessings!
I'm very happy, because my wife is a wonderful person and I love my family, and that's what matters most. Wish we could provide our kids with their own bedroom, but still, life is good. But sorry, wait, that has nothing to do with what we are talking about. I was answering why money, despite not being everything, enables one to spend their time much more freely, and I would gladly invest a few years playing CEO of Al…
For all intents and purposes you likely have more free time than the CEO.
No one sane wants the responsibility: that's why it's so valuable. It's not evil.
Glad you're counting you're blessings, now you can stop worrying about CEOs!