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Why is this considered suitable material for The New York Times? If e.g. PricewaterhouseCoopers told their auditors they were only getting half their annual bon

Why is this considered suitable material for The New York Times? If e.g. PricewaterhouseCoopers told their auditors they were only getting half their annual bonus because of the slowing economy, nobody outside maybe a trade publication would care. The creepy obsession that the mainstream media has with the inner workings of tech companies is bizarre.

metadat 4y ago
NYT runs this content because leaks about the inner-workings of elite institutions get clicks. In this case it incites resentment in folks who don't get fat annual bonuses and RSUs because they don't work for a FAANG, making the BigCo employees appear like over-privileged whiners.
PraetorianGourd 4y ago
If PwC was in the midst of a contentious legal battle over an acquisition by a famous CEO-turned-troll-turned-caricature and was also famous for their high pay, then it would be. You know this.
gnicholas 4y ago
I live in SV and have friends in NYC. The sense we get is that NYers, and especially those in NY media, take some joy in negative news about SV. It could be because Wall Street (and NY law/consulting/ad firms) used to be the most-coveted jobs for high-performing young people, and then SV rose up as an uber-desirable career destination.
- skipidarink 4y ago
  Of course we do (real people, not the media). Not defending snobbery or anything but SV costs NYC rent for someplace that's.. definitely not NYC. Lame-os who are primarily interested in the most-coveted jobs might be motivated by what you're saying but there's a lot more to NYC than that.
  - gnicholas 4y ago
    Interesting point about rents — perhaps NYers should be celebrating SV's success because it pulls away some of the high-earners who would have driven up NYC rents even further?
    - skipidarink 4y ago
      Perhaps, I don't know, my biases and schadenfreude aren't that sophisticated.

metadat 4y ago

NYT runs this content because leaks about the inner-workings of elite institutions get clicks. In this case it incites resentment in folks who don't get fat annual bonuses and RSUs because they don't work for a FAANG, making the BigCo employees appear like over-privileged whiners.

PraetorianGourd 4y ago

If PwC was in the midst of a contentious legal battle over an acquisition by a famous CEO-turned-troll-turned-caricature and was also famous for their high pay, then it would be. You know this.

gnicholas 4y ago

I live in SV and have friends in NYC. The sense we get is that NYers, and especially those in NY media, take some joy in negative news about SV. It could be because Wall Street (and NY law/consulting/ad firms) used to be the most-coveted jobs for high-performing young people, and then SV rose up as an uber-desirable career destination.

skipidarink 4y ago
Of course we do (real people, not the media). Not defending snobbery or anything but SV costs NYC rent for someplace that's.. definitely not NYC. Lame-os who are primarily interested in the most-coveted jobs might be motivated by what you're saying but there's a lot more to NYC than that.
- gnicholas 4y ago
  Interesting point about rents — perhaps NYers should be celebrating SV's success because it pulls away some of the high-earners who would have driven up NYC rents even further?
  - skipidarink 4y ago
    Perhaps, I don't know, my biases and schadenfreude aren't that sophisticated.