Agreed, but I kept my response short. In my experience, a good environment is more important than monetary compensation: Keep them away from bullshit-meetings,

Agreed, but I kept my response short. In my experience, a good environment is more important than monetary compensation: Keep them away from bullshit-meetings, give them slack wrt working hours (they'll work more than you pay for anyway) - or abstractly: make their working environment as nice as possible, surpassing what they could have when working for hobby projects. As stated in my initial post: I do have serious problems with the tone of the original talk and I think it desperately needs an update by someone who is not trapped in the seventies. But still, the overall advice is sound, imho.