61–70 of 185 posts
Is it a mental illness if a billionaire many times over still wants more money ?
The DSM definitions usually require some aspect of being made unhappy by your mental state. He seems pretty thrilled to be himself.
Source WSJ article: https://www.wsj.com/tech/meta-incorporation-texas-delware-f0... > Last year, Delaware’s legislature made it easier for big shareholders to use stockholder agreements to assume powers normally held by a company’s board. The Delaware Chancery Court also ruled in Meta’s favor in April, dismissing a case that argued the company had to consider societal impacts in addition to chasing profits. I wonder…
Yes. He saw what happened to Musk.
Earlier quoted context omitted.
Why TF does everyone want to be in Texas heat or not be able to go outside?
Engineers don’t seem to be taking the bait, and people are very reluctant to move away from basically the most perfect weather in the entire world almost year round.
Earlier quoted context omitted.
This is a move from Delaware (not California) to Texas. It is probably more about shareholder rights and corporate governance, nothing to do with your standard political values.
The comment acknowledges this. As they say a move from Delaware to Texas signals something, it signals that the company goes not particularly care about shareholder protections or governance. It implies that the leadership of the company is more interested in not being constrained than in serving their shareholders.
I can't imagine what it's like at Meta right now, with the CEO publicly stating that they're firing the bottom 5% of performers and then a week later stating that the LLMs that his researchers / engineers are working on will soon be able to replace them. Zuck needs Yann LeCun and other senior researchers at Meta a lot more than they need him. If they were to quit there would be a line out the door to hand them as muc…
I'm not sure what's keeping LeCun at Meta at this point. I can imagine he's not happy with Zuck's capitulation. I'm sure you're right that if he decided to leave he'd easily be able to get funding. I'm sure France would be willing to set him up with an AI research lab to get him back there. And there would be plenty of other companies/labs that would be trying to get him.
I can't imagine what it's like at Meta right now, with the CEO publicly stating that they're firing the bottom 5% of performers and then a week later stating that the LLMs that his researchers / engineers are working on will soon be able to replace them. Zuck needs Yann LeCun and other senior researchers at Meta a lot more than they need him. If they were to quit there would be a line out the door to hand them as muc…
I'm not sure what's keeping LeCun at Meta at this point. I can imagine he's not happy with Zuck's capitulation. I'm sure you're right that if he decided to leave he'd easily be able to get funding. I'm sure France would be willing to set him up with an AI research lab to get him back there. And there would be plenty of other companies/labs that would be trying to get him.
My bet, is Yann got a huge set of packages with the AI talent race, and what may have been a $10M/4yr package may now suddenly be 70M+.
Unlikely any other AI lab would be liquid like that.
Earlier quoted context omitted.
It's more about the business environment. California has, sadly, gotten increasingly punitive on business activity beyond the remit of what one would consider "standard". Such as legally mandating the sexual, ethnic, and gender composition of boards (e.g. SB 826 and AB 979), conditioning permits on companies committing to community benefit agreements that go beyond the direct impacts of the business (e.g. funding art…
But this is about where the company is incorporated (Delaware), not about where it's headquartered. The article mentions that Meta headquarters is staying in California (at least, for now).
I can't imagine what it's like at Meta right now, with the CEO publicly stating that they're firing the bottom 5% of performers and then a week later stating that the LLMs that his researchers / engineers are working on will soon be able to replace them. Zuck needs Yann LeCun and other senior researchers at Meta a lot more than they need him. If they were to quit there would be a line out the door to hand them as muc…
I'm not sure what's keeping LeCun at Meta at this point. I can imagine he's not happy with Zuck's capitulation. I'm sure you're right that if he decided to leave he'd easily be able to get funding. I'm sure France would be willing to set him up with an AI research lab to get him back there. And there would be plenty of other companies/labs that would be trying to get him.
Maybe he's happy with his compensation, his coworkers, the food at the cafeteria and doesn't want to uproot his life or be burdened with running a company.
>I can imagine he's not happy with Zuck's capitulation
Who did Zuck capitulate to?
Earlier quoted context omitted.
> Which values exactly are being expressed by being incorporated in, say, California? Depends on when. The whole point is that the incentives, and signal generated by responding to them, are changing a bunch. Just my opinion, but between ~2008 and ~2016, incorporating in CA could at least potentially be read as "We're really serious about hiring the best talent and doing an unusually good job, to the point that we're…
> between ~2008 and ~2016, incorporating in CA could at least potentially be read as "We're really serious about hiring the best talent and doing an unusually good job, to the point that we're willing to pay a premium." This makes sense for putting a headquarters in California but doesn't explain incorporating there. For example, from TFA: Meta is thinking of moving their corporation from DE to somewhere else, but th…
Good point. Agree that DE C corp has been the norm and expectation since forever. Doesn't look like CA is a mentioned contender, and my guess is that it is very much not in consideration, for all the above reasons.
In "TX and other states" I read "TX and other states that will lean towards relative deregulation in coming years". It's less about sticking it to DE, more about bribing TX or whoever into even more favorable terms than you're getting in DE, in a way that wins some 10+ year metagame.
Bezos did a classic version of this with HQ2 and DC