7 ms·

Why senior developers are paid peanuts while executives are paid in millions?

• colesantiago 4y ago
  Because executives either own the business or are given huge bonuses / shares. One can create a their own business, place themselves in driving seat as an executive and also reap in the rewards. Sure there is the "90% of startups fail", but either way you own the business and can choose to pay yourself a high salary.
  • donnie12345 4y ago
    I find this simply unfair. https://mobile.twitter.com/oren_cass/status/1625491055201366023 https://mobile.twitter.com/oren_cass/status/1625491055201366... https://mobile.twitter.com/GergelyOrosz/status/1631326335783018497 https://mobile.twitter.com/GergelyOrosz/status/1631326335783...
    • colesantiago 4y ago
      'Chief Product Officer' Um, yes? Isn't that the point? C-Level execs rake in money. This isn't really a surprise to me.
• catchnear4321 4y ago
  This is a laugh. Senior devs aren’t paid peanuts. Execs are paid more than senior devs, often by obscene amounts. Many senior devs are still sufficiently out of touch to think that this means they deserve more rather than execs deserving less. Silicon Valley and California in general just make it all the more silly. This whole thing smells like an attempt to light a fire. At best. Very well.
  • colesantiago 4y ago
    > Many senior devs are still sufficiently out of touch to think that this means they deserve more rather than execs deserving less. I agree, senior developers are not really taking all the risks of starting business / startup. They have traded that for taking a senior dev salary and tiny stock options.
  • donnie12345 4y ago
    Please try to understand, I'm just a messenger. See this: https://mobile.twitter.com/oren_cass/status/1625491055201366023 https://mobile.twitter.com/oren_cass/status/1625491055201366... My point is simple,senior developers who built the product should be paid more.
    • deleted 4y ago
      [deleted]
• PaulHoule 4y ago
  Isn’t the Bay Area problem that housing prices are crazy high so that the salaries that look high are really going to landlords? My son and I were talking about Sam Bankman Fried moving in with his parents to a “$4 million house” and said it must be a mansion and we looked it up and found it looked pretty ordinary but by the standards of the area it is exceptional because it has a 1 acre lot, 3000 sq ft, and a pool.
  • donnie12345 4y ago
    Let's call this a big city problem. This is simply unfair https://mobile.twitter.com/GergelyOrosz/status/1631326335783018497 https://mobile.twitter.com/GergelyOrosz/status/1631326335783...
    • PaulHoule 4y ago
      Once in a while an executive really makes enough money for shareholders that you can say it is justified. There was a time when Facebook had a popular product but no path to profitability but this person https://en.wikipedia.org/wiki/Sheryl_Sandberg https://en.wikipedia.org/wiki/Sheryl_Sandberg showed leadership in building the advertising business which made Mark Zuckerberg and other shareholders rich. A person in that position can possibly create so much value for shareholders that a stupendous payout seems fair. On the other hand you can point to executives who seemed to be along for the ride (say Marissa Meyer), who ran a string of companies into the group (Meg Whitman), who were involved in a cynical game to strip a company of assets (Eddie Lampert), or who seemed successful but departed just before the firm blew up (Jack Welsh) and in those cases their gains seem unjust.
      • donnie12345 4y ago
        Yes , Sandberg is very powerful. She is associated with Brookings Institute.
  • strikelaserclaw 4y ago
    doesn't matter how much you earn if the next guy earns the same amount and you are competing for scarce resources (like land in the area).
• throwawaysalome 4y ago
  At some point every stellar student who graduates to a technically demanding role realizes the money doesn't come from the mastering of minutiae but rather the glad-handing of the popular kids he disdained in high school.