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The founder (or any employer) has a responsibility to shareholders to pay employees as little as possible. An employee has responsibility to themselves (and the
by allyt 17y ago
The founder (or any employer) has a responsibility to shareholders to pay employees as little as possible. An employee has responsibility to themselves (and their family) to ask for as much pay as possible. Negotiation is about finding a middle ground between those interests. Holding an employer responsible for figuring out what a given employee will be happy with is strange, to say the least.
- borism 17y ago> The founder (or any employer) has a responsibility to shareholders to pay employees as little as possible. that's why there is equity compensation - something that Garmin didn't provide adequately
- allyt 17y agothat's why there is equity compensation And as little equity as possible, for identical reasons. An employee is responsible for making sure the terms agreed on are ones they're happy with, not an employer. An employer has a legal obligation to shareholders to minimize the costs of her business, one in direct conflict with "being generous in compensation" to her employees.
- hga 17y agoAlthough in this case we have an engineer who was all three of employer, shareholder and employee.... And you're wrong about "minimize costs" per se. The employer has a obligation to maximize shareholder returns, for which a simplistic application of the "minimize costs" principle is seldom a solution.
- allyt 17y agoRight - you don't maximize shareholder returns by being generous with handing out stock. IMHO, being generous handing out stock is just stupid.