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Sundar Pichai is a CEO of Google that makes 75B per quarter or ~300B annually. That is $300,000,000,000. Him earning 225M worth of shares is a fair compensation
by nojvek 3y ago
Sundar Pichai is a CEO of Google that makes 75B per quarter or ~300B annually. That is $300,000,000,000. Him earning 225M worth of shares is a fair compensation for the head of a company who's decisions can earn/lose the company billions.
Same with Satya Nadella, Tim Cook and the variety of other CEOs.
We only see the news. The richest who own the bulk of stock market make billions per day at times when the share price rises a few %.
US was built on the idea that if you can create value, you get to capture some % of the value.
Sure the rich get richer and they have big advantage, but if you create the next internet sensation, that billions is yours.
We should definitely fighting against Big Tech when they abuse their monopoly like power (which they do), but when a company creates great technology to move humanity forward we should celebrate it.
It's not a black and white scenario though. Big Tech has plenty of good and bad depending on which perspective we look at.