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We have an inequality problem in our own backyard: the disparity in equity between CEOs, SVPs/upper management, and rank-and-file employees. I remember all the
by kzhahou 12y ago
We have an inequality problem in our own backyard: the disparity in equity between CEOs, SVPs/upper management, and rank-and-file employees.
I remember all the stories of how google made 1000 millionaires at IPO. Wonderful! They built a powerhouse and were rewarded. But Larry and Sergey had BILLIONs between them. Possibly more than all the rest combined. Two people (plus throw in Eric Schmidt and whoever else).
We all just accept this huge inequality and take it for granted, spouting some rationale about risk, etc. I do believe the founders and earlier people should have higher reward, but not at such extremes.
Every time an engineer joins a startup as employee #5 and accepts .5% of the company, they are promoting this huge discrepancy.