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>I've no idea what he actually cares about, beyond more ZuckBucks Do you really believe he cares about money at this point? Regarding another (not quite as) s
by perl4ever 5y ago
>I've no idea what he actually cares about, beyond more ZuckBucks
Do you really believe he cares about money at this point?
Regarding another (not quite as) super wealthy CEO:
"did he come to the board and say “hey I’ve been doing this for a long time, I’ve had a good run, I’ve accomplished most of what I want to accomplish, I’ve provided well for my family what with my $2.1 billion fortune, and now I’d like to retire and spend more time with them” and the board was like “oh no, we need you to stick around for another decade, would increasing your net worth by 2.4% change your mind” and he was like “oh man I could really use 50 million more dollars, I’ll do it"
"...these are people who have moved beyond being motivated by money, who cannot realistically buy any more lifestyle with more money, but it’s still nice to feel loved, and the love language of a public-company board is pretty much always going to be options grants. My model is that the board got together and said “hey Jamie has been doing a great job lately but he looks a little tired, we should do something to cheer him up and let him know that we’re thinking of him,” and one director suggested leaving a Post-It note on his monitor saying “just wanted to say that we appreciate you,” and another director was like “hey that's a great idea but let's also put $50 million under the note” and everyone else was like “oh well of course yes $50 million.” And he walked in to see the filing and was like “oh that was nice of them” and smiled for a minute and got back to work and never thought of the $50 million again, it's just $50 million, who cares."
I think maybe people are avoiding seeing that Facebook at this point (or Amazon, etc) are machines whose drive for profit comes from the middle and upper management but only inasmuch as they are cogs in the machine and because it's not centralized in one person is exactly why it's so implacable and ruthless.
No business can get huge without being a self-sustaining cycle, almost an artificial organism. Look at Apple. Lots of people thought Jobs was essential, but no, it's literally ten times as valuable now as when he died.