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http://en.wikipedia.org/wiki/Just-world_hypothesis http://en.wikipedia.org/wiki/Just-world_hypothesis The chef got $20M because Google gave him stock options e
by benched 13y ago
http://en.wikipedia.org/wiki/Just-world_hypothesis http://en.wikipedia.org/wiki/Just-world_hypothesis
The chef got $20M because Google gave him stock options early, which later became worth $20M. That's mostly all the explanation this needs. It's mechanical. If someone bought a house unwittingly, and ended up 100x wealthier because it was on an oil reservoir, I'm sure people would still be spinning pseudo-economic yarns about some specialized type of value he provided to society, but those people would be just as misguided.
I can't say that the "risk" related explanations that this thread is full of are completely wrong. There's some small element there. But it is wrong-headed. It seems like people are really saying "Well, what does PG say about startup lottery? Isn't it something about risk, or compressing work in a short time? Well, that must have happened here." Next, you'll tell me that everyone's pay is fair ... because markets!!
And on the human/gossip-level, no I don't begrudge him in the slightest.
Whoever a company decides is eligible for Startup Lotto, is eligible for Startup Lotto.
- laughinghan 13y agoDid you even read the article, or just these comments? Who is "spinning pseudo-economic yarns about some specialized type of value he provided to society"? In the article, someone who worked at Google literally alongside "the Google Chef", Charlie Ayers, is testifying that Charlie Ayers in fact contributed as much to Google as many of the engineers that also got $20M, countering the widespread perception that Charlie Ayers got more than he deserved. Which may or may not be true, but your comment seems to be almost completely unrelated?
- benched 13y agoHacker News commenters spin pseudo-economic yarns like frogs say ribbit. If the really real reason why the chef made $20M is really because he contributed as much value as the engineers, and if that is not just a cheering sentiment, then we should be discussing why so many cooks are unfairly paid less than engineers. But that's not really what's going on here.