4 ms·
As usual it sounds like the story is more nuanced than the headline. A more accurate phrasing might be "One reason staffers quit google's car project? The com
by gregshap 10y ago
As usual it sounds like the story is more nuanced than the headline.
A more accurate phrasing might be
"One reason staffers quit google's car project? The company structured their pay so that an intermediate project milestone was treated like an IPO event."
It's not that the employees got rich so they no longer cared about money, it's that they basically got their maximum bonus from Google, so they were better off taking their talents elsewhere to get the next big payout.
Given that their CFO discussed these payouts on the earnings call of a company with $6.6 billion in operating expenses, it sounds like these were entering the $100million range. Makes sense given that Google was trying to recruit and motivate people to work on startup projects, while overall Google market cap wasn't going to grow exponentially the way that a 2011 facebook or uber might. It probably wasn't a bad idea, they just executed in a way that only incentivized employees to get partway done.
- anindha 10y agoAgreed. If they were told to hit a certain set of milestones, and they did, I don't see why its an issue after the fact. The people that received the bonuses did their job and deserve what they were promised. After hitting all those milestones and not seeing a car on the road, I can imagine that as a reason to be disgruntled and wanting to move to another company.