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> Where the money come from ? Wherever the CEO and chairman's $10m annual package came from. You either pay market rate or risk your employees leaving.
by vsskanth 6y ago
> Where the money come from ?
Wherever the CEO and chairman's $10m annual package came from. You either pay market rate or risk your employees leaving.
- matz1 6y agoAre you suggesting to move some of the CEO allocation to the engineer ? Wouldn't that cause new issue of retaining CEO ?
- emteycz 6y agoWhat we're discussing is that it's hard for a company to pay the market rate when the competition is the CCP itself. The CCP would pay the equivalent of $20 million if it needed to - and what then?
- mensetmanusman 6y agoIt’s not market rate, it’s geopolitical theater rate. These are rare situations
- vsskanth 6y agoIt might be rare, but right now those engineers are super valuable, and are getting paid for it. demand and supply. you see the same thing happen with self driving engineers commanding million dollar packages because they were in such high demand and supply was so low.
- coreblocks 6y agoThey are super valuable now but their value will decrease as the Chinese semiconductor industry catches up, so it's not like TSMC will have to pay 2x the salary forever. However I know many people (not at TSMC) who would take a lower salary to work on green field projects.