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This in particular seems silly to post to the hackernews crowd, as this seems to imply the majority of stock goes to senior execs, when large tech companies are
by VirusNewbie 1y ago
This in particular seems silly to post to the hackernews crowd, as this seems to imply the majority of stock goes to senior execs, when large tech companies are literally paying out tens of billions of dollars to the average tech worker.
- deleted 1y ago[deleted]
- missedthecue 1y agoThis is a great point. Companies like Microsoft have spent billions on buybacks over the last couple years, yet their sharecount has not decreased. It's literally just to eat up the dilution from paying out RSUs to rank and file.
- johnecheck 1y agoNo, large tech companies are not paying out tens of billions of dollars to the average worker. Did you mean that tens of billions of dollars are going to ALL the tech workers combined? True, but a single absolute number means little when the conversation is about relative distribution of resources and how those numbers change over time.
- VirusNewbie 1y agowhat is the claim here? That the majority of the tens of billions are given to what, L7 and above? L10?
- johnecheck 1y agoI don't know, you didn't provide any stats. Without that context, the total compensation of all employees isn't a terribly meaningful number when discussing disparity. My claim was that your argument isn't well supported, not that you're wrong.