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Goldman sach's traders routinely get money in this order of magnitude for creating a net value less than top engineers at Google.
by DevX101 16y ago
Goldman sach's traders routinely get money in this order of magnitude for creating a net value less than top engineers at Google.
- mdda 16y agoThat's a pretty bold statement : The Goldman trader's NPV will be pretty solid in cash terms (given that Goldman's risk group actually does a decent job, and values things accurately). The NPV created by a Google engineer is more difficult to judge - depending on how far into the future it is, and what risk/reward is embedded in Google's stock valuation. I'm not arguing that either one is over or under-paid. Just that it's not apples-to-apples.
- pbhjpbhj 16y ago>traders routinely get money in this order of magnitude for creating a net value less than top engineers at Google But traders don't create value they leech it. Yes they create price changes that result in profit, but that's a quirk of the financial system. Yes, fluidity, yadda-yadda, I don't buy that crap. Engineers, if they're working effectively are creating value. (Downvoters, please also comment).