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900k/week? That is 46M$ for a year. That is 500 times more than a salary considered pretty decent in the UK tech world. No matter who you are, what you do, th
by pmlnr 9y ago
900k/week? That is 46M$ for a year.
That is 500 times more than a salary considered pretty decent in the UK tech world.
No matter who you are, what you do, that is just plain too much money to receive as a paycheck.
- danieltillett 9y agoIt is not if you own the company. It is certainly too much if you are an employee.
- pmlnr 9y agoThat is what I meant, yes. If you own the company and/or properties, and get 900k per week out of it, you're family either have a lucky (or rather bloody) history or you're incredibly smart.
- na85 9y agoThat's not even the highest, either. Pichai makes more than double.
- pmlnr 9y agoOut of curiosity, what is the known highest salary for a tech-type employee? (dev, sysadmin sre, whatever) You know, those whom without tech companies tend to sink.
- jacquesm 9y ago~350K / year afaihdp. Consultants can and do make (much) more on a weekly or monthly basis but they rarely have their dance cards fully booked, so then you have to discount the weekly rate by how much down time there is.
- icebraining 9y agoWhat about Anthony Levandowski? He worked for Google for about 10 years, and got $120M. How many tech people are getting hefty "incentive payments" which we don't even know about, since they don't end up getting sued?
- jacquesm 9y agoThose are the exceptions, not the rule.
- icebraining 9y agoThere's only one CEO per company.
- nojvek 9y agoIf you read carefully she got a lot of compensation as stock. It's the stock price that shot up due to alibaba and yahoo Japan that netted her money. Initial compensation was only 30 mil or so. Same with picchai. Google is doing very well under him. Stock rises and his gains rises. He is very incentivized to make that happen as the CEO
- manigandham 9y ago> No matter who you are, what you do, that is just plain too much money to receive as a paycheck. Why? Because you say so? This is dangerous thinking.
- pmlnr 9y agoBecause this is too much of a difference, and these usually lead to happenings like 1793 France. It's not my saying, it's what history is indicating.
- manigandham 9y agoThe French revolution? That really doesn't apply here. You can't just compare 1 salary against another - this job comes with responsibility for thousands of employees with large risk and control factors which are mirrored in the pay. It's also not done in isolation as the shareholders and board have to agree that this is a valid amount.
- pessimizer 9y ago> You can't just compare 1 salary against another Yes, you can.
- manigandham 9y agoand that gets us nowhere beyond simplistic sensationalism.
- soVeryTired 9y agoRisk? Come on. CEO loses their job and maybe they have to downsize to a million dollar home if they've been managing their money right. Rank and file employee loses their job and suddenly they have no health insurance and are struggling to make rent. Who's really running more risk?
- manigandham 9y ago
- nabla9 9y agoCompany with $50B market cap is searching for a new CEO. There are two candidates. A is asking $50 million per year, B is asking $25 million per year. How much more should A increase ROI% to justify his/her higher paycheck?
- richardwhiuk 9y agoThere are always about 7 billion candidates. That we narrow the focus to people who are only willing to do the job for 25 million might be the start of your problem.
- nabla9 9y agoCompany with $50B market cap is searching for a new CEO. There are two candidates. A is asking $50 million per year, B is asking $50K per year. How much more should A increase ROI% compared to B to justify his/her higher paycheck?