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Google just gave Sundar Pichai a $692M pay package

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Re: Google just gave Sundar Pichai a $692M pay package

#71

Post by givemeethekeys »

geetee wrote: post #12

[flagged]

1: Location saves time to do the stuff you want to be doing.

2: Space for activities, such as being able to host large parties, friends, family, etc..

3: Convenience and time saving from having a lot of things in-house: gym, pool, tennis courts, etc.

4: Security. When everyone knows who you are, they begin to make up excuses to get close to you and yours. Even if you don't want seclusion, you may be forced into it.

5: The people who you hang out with most have big mansions too - you want them to be just as comfortable visiting you as when you are when you visit them.

Re: Google just gave Sundar Pichai a $692M pay package

#74

Post by replooda »

jordanb wrote: post #38
pinkmuffinere wrote: post #28

Earlier quoted context omitted.

Without taking a stance on whether their search has improved or degraded, we can observe that the same claim (“search is so degraded it’s unusable”) has been common for like 5 years at this point. If it’s really such a problem, why haven’t people already switched? Google’s search is at 90% market share [1]. Surely if it was perceived as a problem to customers there should be some measurable effect? [1] https://gs.sta…

The only real competitor is bing (other search engines like DDG are just repackaged bing) and Microsoft is pursuing the same strategy as Google.

What about Kagi?

Re: Google just gave Sundar Pichai a $692M pay package

#75

Post by pinkmuffinere »

replooda wrote: post #74
jordanb wrote: post #38

Earlier quoted context omitted.

The only real competitor is bing (other search engines like DDG are just repackaged bing) and Microsoft is pursuing the same strategy as Google.

What about Kagi?

No offense to Kagi, but they don’t rank in the top 6. They are behind even Baidu, which I had forgotten exists. I think they have good mind-share among power users, but probably not in the general population.

Re: Google just gave Sundar Pichai a $692M pay package

#76

Post by compiler-guy »

onlyrealcuzzo wrote: post #67
Someone1234 wrote: post #46

Earlier quoted context omitted.

[flagged]

No, these are RSUs, which - to your shock - are taxed as ordinary income upon payout (if that even occurs). He did not get some custom stock now that will appreciate in value magically, if and only if he meets targets - or certain types of options can also act like this. Even if GOOG stock grew so much, that this ended up being a $3B pay package, he'd be taxed as ordinary income on the full amount at payout - not eve…

These aren’t options, but you are otherwise correct.

Re: Google just gave Sundar Pichai a $692M pay package

#77

Post by computomatic »

bombcar wrote: post #69
BeetleB wrote: post #62

At least the article mentions that it is contingent on bonus targets. All too often articles skip that and say "Y was paid $$$". Notably, go look at Intel's Pat Gelsinger. Prior to his firing, lots of articles talking about how he was one of the highest paid CEOs (citing numbers in excess of $150M). They'd fail to mention that it was over several years and only if he met targets. Well, he didn't meet those targets. H…

I'm willing to fail as Intel's CEO for the low, low cost of $5m/year, and I can get it done in a year.

Sorry, we’re only considering applicants with a proven track record of failing as CEO

Re: Google just gave Sundar Pichai a $692M pay package

#78

Post by wil421 »

lateforwork wrote: post #57
KellyCriterion wrote: post #45

Earlier quoted context omitted.

my bet is: - Google will be #1 because of sher data amount - Anthropic will be #2 because of the best product (whatever this may mean in the future) - Microsoft will be #3, because of enough cash to follow

What data does Google have that OpenAI can't get at?

Android too.

Re: Google just gave Sundar Pichai a $692M pay package

#79

Post by zarzavat »

geetee wrote: post #12

[flagged]

I don't know about Pichai in particular but whenever rich people do things that don't make sense the answer is usually tax avoidance or financial engineering.

If you have many shares concentrated in a particular company that you can't or don't want to sell for legal or tax reasons, you can borrow money to buy a house. As long as you service the interest you get a house without having to sell too many shares and trigger tax obligations.

Home loans are also nice because they are a form of leverage that is secured against an asset but is not subject to margin calls if the value of that asset falls.

Re: Google just gave Sundar Pichai a $692M pay package

#80

Post by compiler-guy »

gotwaz wrote: post #42
petcat wrote: post #3

Isn't Google a trillion dollar company going gangbusters toward its next trillion dollars?

Well currently they make about 1500 bucks a year of every american household just selling ads. Make much less on the rest of the world. So it really just boils down to what the upper limit on ad sales to the american consumer is.

The cloud business is also doing quite well. Waymo is generating revenue now as well. So not just ads.
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