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Netflix is skewing hiring heavily towards very senior people, and is paying all cash, no stock. For the level of skills, total compensation you get from them is
by justapassenger 6y ago
Netflix is skewing hiring heavily towards very senior people, and is paying all cash, no stock. For the level of skills, total compensation you get from them is pretty much in line with peer big tech in Bay Area market.
You can call maximizing profits maximizing shareholder value, and often they’re aligned. But it’s how businesses were always designed to work, long before stock markets. Is it fair? Most likely not, but it’s business 101, same as me writing reliable production code is engineering 101.
- Aeolun 6y agoBusinesses are not necessarily designed to maximize profits. In theory they’re designed to provide a comfortable lifestyle for the owner and keep them busy. If that involves maximizing profits, then great, but if the owner enjoys doing work with happy, un-stressed people more than he does a few humdred extra dollars in his pocket, it’s clearly not (only) about optimizing profits.
- wpietri 6y ago> But it’s how businesses were always designed to work [citation needed] As far as I can tell, that's a modern, MBA-ish fantasy about the nature of business. I have small business owners in my family going back generations. Maximizing profit was not the goal. It was making a living and being part of a community. This is definitely not uncommon. See, for example, the writings of the late economist Alison Snow Jones: https://www.interfluidity.com/v2/1095.html https://www.interfluidity.com/v2/1095.html
- jhardy54 6y ago> But it’s how businesses were always designed to work Who taught you this? If there's a specific historian pushing this narrative I'd love to know who it is, because on the surface this claim sounds absolutely outlandish.