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My take on the OP’s comment was that his salary and bonuses are controlled by the board. As Sergei and Larry have majority control he would not have gotten thi
by DamnYuppie 3y ago
My take on the OP’s comment was that his salary and bonuses are controlled by the board. As Sergei and Larry have majority control he would not have gotten this without their explicit approval.
- loeg 3y ago> [Pichai]'s salary and bonuses are controlled by the board That is true of any CEO pay, though.
- kQq9oHeAz6wLLS 3y agoYour argument does not negate OP's argument.
- loeg 3y agoI don’t understand what OP is arguing but would be interested to find out.
- stuaxo 3y agoWho is on the board ? Often CEOs float around between boards, they are almost never going to decrease the pay or not raise it, unlike how it works for the rest of us.
- bell-cot 3y agoToo often correct. But in a case where Founder1 and Founder2 have absolute majority voting control, the Board is extremely unlikely to play such "obviously we'll vote to give each other raises" games. They are sitting in those cushy Board seats - or not - at 1 & 2's whim.
- ammar2 3y agoDo you think the board would object to him saying "oh yeah this looks bad since we're cutting costs, let's lower my compensation a little." It's not like he doesn't have any agency in this.
- sokoloff 3y agoThere is no reasonable amount by which he could cut his compensation that wouldn't result in whiners complaining that "well, that wasn't enough of a cut!” If he's going to catch heat for it anyway, he might as well take what he's being offered.
- siliconc0w 3y agoThey could set it to zero, which would be in-line with severity of laying off of 10+ year high performers or those who are pregnant or on medical leave. I'd like to see an automatic condition where layoffs trigger a requirement that the directors and officers compensation will be set to zero for the next three years. You're basically severely fucking with people's lives and this has very real consequences for those people and society in general who has to pick up the pieces.
- kevviiinn 3y agoThey can definitely survive for a few years without salary too. 200M is be enough to last most people decades and more yet they get that much every year
- kcplate 3y agoThe average tenure of corporate CEOs is what <7 years? Why the hell would you intentionally cut your pay knowing you have a short half in the gig and for doing the job you were hired to do?