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A lot of companies won't hire former execs that have been the center of the world, because they figure anything they could offer them is a step down and the exe
by nostrademons 4y ago
A lot of companies won't hire former execs that have been the center of the world, because they figure anything they could offer them is a step down and the exec will be bitter and demoralized about their loss of status. It's not necessarily an accurate perception - I know plenty of people who don't care about status and are just looking for interesting things to do - but it tends to be more accurate among the population that gets to the exec level in the first place.
Marissa Mayer is running a startup lab now, Amit Singhal is doing philanthropy, Travis Kalanick is starting ghost kitchens, Eric Schmidt is also doing philanthropy plus venturing into politics & punditry, Andy Rubin is a venture capitalist, Chris Sacca retired to Montana and occasionally appears on Shark Tank. While they may have the skills to take lower-level corporate jobs, the folks who reach those levels generally don't have the personality or inclination for it.
- titanomachy 4y agoDidn’t Eric Schmidt buy Cypriot passports for his whole family and peace out of America?
- nostrademons 4y agoCypriot passports yes, peace out of America no. Just yesterday it came out that he funds a lot of technology and national-security offices within the government: https://www.vox.com/recode/2022/6/9/23160588/eric-schmidt-americas-frontier-fund-google-alphabet-tech-government-revolving-door https://www.vox.com/recode/2022/6/9/23160588/eric-schmidt-am... When you're that rich you buy insurance policies so that if any one state goes down, you don't go down with it.
- titanomachy 4y agoI had a negative reaction when I heard about this, but I’m also coming from a privileged position of having more than one developed-world passport (immigrant parents) so I really can’t criticize. If I was in his position maybe I’d do the same.