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r/technology | post | r/technology | 2024-08-06 |
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r/technology | post | r/technology | 2024-08-06 |
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Sounds like every other big corp | r/technology | comment | r/technology | 2024-08-06 |
Cheaper than lawyer costs during a trial. Shameless | r/technology | comment | r/technology | 2024-08-06 |
Literal^figuratively pocket change | r/technology | comment | r/technology | 2024-08-06 |
Yeahhh about that......turns out, freedom really isn't free but it isn't really all that expensive either. Oh well, better go ask my favorite billionaire what I'm supposed to be thinking about instead. I hope it's geopolitics on the other side of the planet or maybe gay people again. As long as I can get really mad about it while not really affecting anything at all and then blame somebody else when my life gets worse, I'm good! | r/technology | comment | r/technology | 2024-08-06 |
Wow! $2 million!? I bet they found that in their couch cushions. | r/technology | comment | r/technology | 2024-08-06 |
Naw we have seen repeatedly that government officials are incredibly cheap to buy off | r/technology | comment | r/technology | 2024-08-06 |
That's like .0005 seconds of revenue. | r/technology | comment | r/technology | 2024-08-06 |
That’s not how damages work. The plaintiffs - in this case, the US Government - need to show that they were personally harmed by the conduct and by how much. The DOJ basically threw together the damages claim so they could have a jury trial (and not because the damages were substantial in any way), and the judge called them on it. | r/technology | comment | r/technology | 2024-08-06 |
to be fair the next judge at trial
could cost them juat as much | r/technology | comment | r/technology | 2024-08-06 |
The government sued for $2.3M and got $2.3M.
That settles the claim for damages, so no jury is needed. | r/technology | comment | r/technology | 2024-08-06 |
According to [this](https://www.yalejreg.com/nc/the-strange-case-of-united-states-v-google/) it is not clear this is a monopoly at all.
> Google has 29% of the market for online advertising. The Supreme Court has never held that a firm that has that small a share of a market is monopolizing the market. The lowest market share that the Court has accepted as evidence of monopolization is 60%. | r/technology | comment | r/technology | 2024-08-06 |
You can do that? I got a grand theft beef, can I buy my way out? | r/technology | comment | r/technology | 2024-08-06 |
Well, there’s four nanoseconds’ income shot in the ass…. | r/technology | comment | r/technology | 2024-08-06 |
What the fuck? When y’all tell me “both sides aren’t the same” I just point to this shit, because I don’t see either party losing their mind over a corporation paying to skip the system of Justice the rest of us expect.
Google needs to be broken up and search nationalized. This company is a threat to our established way of life that’s supposed to be based on a system of laws. | r/technology | comment | r/technology | 2024-08-06 |
It’s protectionism; they won’t let citizens get any of these tech giants into court to break them down on the stand, and they get lots of donations to keep it that way | r/technology | comment | r/technology | 2024-08-06 |
First part is true, but its a common practice for vertically integrated companies to flex their market power in another market to remain competitive in another. Also the DoJ just wanted a trial. they sued for that amount. the judge called their move. | r/technology | comment | r/technology | 2024-08-06 |
How big was the judges check? | r/technology | comment | r/technology | 2024-08-06 |
It doesnt matter if users don't, that doesnt make it a monopoly. There are other options out there and they easily can do so at any time and there is nothing stopping them from doing so. Its not like your gmail gets shut off if you dont use google search. | r/technology | comment | r/technology | 2024-08-06 |
If you can show they are using their monopoly in search to be anti-competitive, that is an antitrust case. It would be in the same vein as the Microsoft IE bundling case brought in 2001. Worth a read: https://en.wikipedia.org/wiki/United_States_v._Microsoft_Corp. | r/technology | comment | r/technology | 2024-08-06 |
r/technology | post | r/technology | 2024-08-06 |
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$1 million for a CFO seems awfully low. Especially for Google.
There are senior software engineers who make more than $1 million a year at Google. And these people aren’t even executives. | r/technology | comment | r/technology | 2024-08-06 |
Cost cutting starts at the top. | r/technology | comment | r/technology | 2024-08-06 |
That actually seems quite low. Is that the point of the headline? | r/technology | comment | r/technology | 2024-08-06 |
That’s just the base salary. They receive stocks that probably worth tens of millions annually. | r/technology | comment | r/technology | 2024-08-06 |
The minimum wage is 7 dollars an hour | r/technology | comment | r/technology | 2024-08-06 |
Senior software engineers don't make anywhere near $1MM / year. It's generally more like $400k total comp at that level. | r/technology | comment | r/technology | 2024-08-06 |
You can thank Jack Welch for that. He normalized overpaying executives. | r/technology | comment | r/technology | 2024-08-06 |
Not everywhere. | r/technology | comment | r/technology | 2024-08-06 |
It would take the average American 200 years of work just to earn that signing bonus. | r/technology | comment | r/technology | 2024-08-06 |
Likely buying him out of previous position and/or mitigates his risk to join Google. There is professional risk to taking new executive jobs, if they don't work out you can't just easily find another. | r/technology | comment | r/technology | 2024-08-06 |
Black man, black man, get your money 🕺 | r/technology | comment | r/technology | 2024-08-06 |
Nvidia is worth nearly 20million per employee. It's just not true these days especially in tech that people don't earn that much and more for the company.
Also your ratios have nothing to do with reality of economics, cost of living, revenue per employee, inflation, etc.
If you're the head of finance for 2.2 trillion dollar company... I'm sure your impact is worth it. | r/technology | comment | r/technology | 2024-08-06 |
So you are saying we have a chance to see this money? | r/technology | comment | r/technology | 2024-08-06 |
Not even 10 million. What that poor guy is going to do to support his family? | r/technology | comment | r/technology | 2024-08-06 |
Considering the fact that Bing feels like the more reliable search engine rn nobody needs a raise 😭 | r/technology | comment | r/technology | 2024-08-06 |
What network benefit could a CFO bring to google | r/technology | comment | r/technology | 2024-08-06 |
Bullshit. “Former Google CFO” will never have trouble getting another executive role. | r/technology | comment | r/technology | 2024-08-06 |
There's an IRS rule that effectively caps salaries to 1 million so highly paid individuals are compensated with performance pay. Aka RSUs, signing bonuses, etc. | r/technology | comment | r/technology | 2024-08-06 |
I guess this sub isn't a fan of Childish Gambino, despite that being one of the best songs of its year. | r/technology | comment | r/technology | 2024-08-06 |
if they cash in their stock maybe. not as part of regular compensation. | r/technology | comment | r/technology | 2024-08-06 |
Base.
Speaks to their revenue and asset base, as well as forward projections. Like it or not, a large majority of people are on the Internet today and utilise technology services.
I heard Elon wants much more, $56bn was it, but he's not in it for the money apparently. | r/technology | comment | r/technology | 2024-08-06 |
They paid Neil Mohan $100 million to stay at Google. | r/technology | comment | r/technology | 2024-08-06 |
Yes, because the average American compares well with THE CFO OF FUCKING GOOGLE. | r/technology | comment | r/technology | 2024-08-06 |
Hard to break 1M as staff. Senior staff and principal yes. You’ll be saddened to know most are just normal talented people who got in early. But that goes doubly so for management so yeah a lot more talented than the managers who got in early | r/technology | comment | r/technology | 2024-08-06 |
Well but cfo of major corporation is not average American, he's successful professional in well paid industry at the top
And it would take top professionals in their industry around 10-20 years to make that
Frankly $10m for CFO of multi trillion company doesn't sound egregious at all in a company where principal software engineers make $1m | r/technology | comment | r/technology | 2024-08-06 |
I don't see how high pay is unfortunate. Maybe for the shareholders? | r/technology | comment | r/technology | 2024-08-06 |
A pay ceiling would be a strong motivation for companies to relocate headquarters to another jurisdiction. | r/technology | comment | r/technology | 2024-08-06 |
Because we consumers aren't doing our part by supporting this corporation enough. Naturally, it's our fault. | r/technology | comment | r/technology | 2024-08-06 |
I know it isnt how it works, im just illustrating how ridiculous these pay packages are when considering you could have raised multiple workers that can do the exact same or better for less than the cost of just the hiring bonus this person is getting. | r/technology | comment | r/technology | 2024-08-06 |
Not a fan of capping pay.
How about a ratio of the highest paid worker vs the lowest paid worker, where a lower ratio = tax break (lower ratio = corporate tax penalty)
Sounds nice in my head, but enforcement and loophole mitigation will be needed. | r/technology | comment | r/technology | 2024-08-06 |
Its not high pay that is unfortunate, its the widening wealth inequality that is unfortunate. I didnt make that clear in my comment | r/technology | comment | r/technology | 2024-08-06 |
Yeah I agree it creates far more problems than it solves | r/technology | comment | r/technology | 2024-08-06 |
I guess that’s close. I’m just an SDE2 at 35% stock TC at Microsoft. Everyone seems to be around 20-40% from people I talk to between SDE1 and SDE2 at MSFT.
My pay in defense was all cash, and significantly much higher than the base at Microsoft. In the end, jumping to MSFT gave me an extra like $30k. | r/technology | comment | r/technology | 2024-08-06 |
I will like to firmly apologize to all the corporations. Their employees should be grateful to make $30,000 a year in a state like NY. The executives are the ones that truly suffer. I will stop drinking my lattes and avocados toasts. | r/technology | comment | r/technology | 2024-08-06 |
If $10 million is the ‘signing bonus’, then the RSU package is probably more in the hundreds of millions. | r/technology | comment | r/technology | 2024-08-06 |
i need to plan for a job like his | r/technology | comment | r/technology | 2024-08-06 |
sorry, retired s'ware engineer here. | r/technology | comment | r/technology | 2024-08-06 |
You are the one in the wrong. The poster is right, There are legitimately thousands of people in the country who could do the job at a minimum. That’s not even a knock on the complexity of the job, thousands of people in a country of 300 million isn’t a lot. A CFO needs to know a lot of complex topics and manage people well. Again there are thousands of people with that skill.
Executive salaries have become inflated above what is actually needed to find someone who can perform the job.
I am positive in some parallel world, if Google just poached the CFO of the most struggling company on the S&P500, results over the next 10 years will not be that different than with this guy. In fact for a company like Google that has monopoly like characteristics, the role of a CFO is easier than industries with a lot of competition. | r/technology | comment | r/technology | 2024-08-06 |
Sure, I understand. I’ve had pretty nice signing and retention bonuses before. But not ones that are 10x my annual salary. | r/technology | comment | r/technology | 2024-08-06 |
Why do you think big companies are bad? I see you have many posts in the EldenRing, Fallout and NBA subreddits. Each of those are products produced by massive companies. Should they not be allowed to exist? If so, why?
I've never come across the "big companies shouldn't be allowed to exist" concept before, so I'm curious to hear your logic.
How would we have produced a COVID vaccine if not for big companies with thousands of SMEs working together to produce it? | r/technology | comment | r/technology | 2024-08-06 |
> The way it really works is their leadership can lead to accomplishments, but to be clear, that's their job.
Okay, but this feels like a nitpick. Is it not important to have an effective leader of a team that can easily save the company literally a million dollars a day if they are excellent at their job? | r/technology | comment | r/technology | 2024-08-06 |
Expecting networking opportunities to be handed to you might be part of why you don't have a good network.
Networking is an active skill that takes sustained effort over time, and to be *good* at it, you definitionally have to be doing it on top of your standard line of work. | r/technology | comment | r/technology | 2024-08-06 |
> you can be amazing at your job but if you're not good at networking, you fail.
Well, so "networking" and knowing a "network of proven individuals who are skilled" are totally different things, right?
Think of the best person at a given job that you have worked with. You go to a new job, you'd strongly recommend that best person at said job to be hired yes? That's what is meant by a network in this context.
Networking, is more of a superficial thing, getting to know people, or know people who work in the same field as you, in hopes of that landing you some opportunity in the future. That is an important skill, but not what the commenter is referring to when they say "they can bring in their networks too"
> I'm specifically bitter because my job provides limited networking opportunities, making it very challenging to meet the people I need to meet to get the next role, leaving me trapped in a position where I can't get more networking opportunities because I haven't had more networking opportunities.
Fair. This happens to lots of engineers and technical folks who are heads down and might only work with one manager and a small team. Only that team itself knows how awesome you are, and that can be hard to translate. So for your situation, I wouldn't worry about networking as much as just sharing copies of your internal reviews with future employers. That's worth it's weight in gold, when an employer can see your peers raving about your abilities. | r/technology | comment | r/technology | 2024-08-06 |
Look up Walmarts effect on local economies and small businesses. | r/technology | comment | r/technology | 2024-08-06 |
To be fair dental isn't quite as valuable to have as health insurance. Due to relatively low annual benefit caps unless there is an employer subsidy it is a questionable to even have. For someone making well into 7 figures just off their base salary I'm not sure I would care if the job offered dental. | r/technology | comment | r/technology | 2024-08-06 |
Cool, now replace the CEO. | r/technology | comment | r/technology | 2024-08-06 |
!RemindMe 3 Months
Reminder to revisit /u/HotdogsArePate 's prediction that Google is going to be found guilty of being a monopoly in the court case linked below.
> Why do you dumb fucks sit here on Reddit asking strangers to educate you on things that are publicly available and common knowledge for people who aren't stupid?
Because I want to understand this misconception the way that you understand it. Right? I can't explain away your concerns if I don't first understand what you think is true that lead you to the mistaken position.
> Google is literally constantly getting credibly accused of monopolistic tactics dummy. It was all.over the fucking news the past few weeks.
I hadn't heard of this at all. It will be interesting so see how that turns out. No ruling as of yet. We can revisit in a few months, hence my reminder. https://en.wikipedia.org/wiki/United_States_v._Google_LLC_(2023) Lots of spurious suits are brought against Google all the time, so this one just wasn't news worthy yet. Almost zero news articles covering it in the past month, FWIW.
Don't get me wrong, it's good that monopolies are illegal. If that's your beef with big companies, great. I share it completely. But not all big companies are monopolies, obviously. You should have just said, you oppose monopolies, not "big companies".
> I swear to fucking God I think you guys are bots planted to create fake debates to drive traffic sometimes.
LOL, drive traffic? To what? | r/technology | comment | r/technology | 2024-08-06 |
Time to layoff more workerbees to pay for that salary and bonus | r/technology | comment | r/technology | 2024-08-06 |
Don’t forget the golden parachute waiting in a few years when they grab onto the next vine | r/technology | comment | r/technology | 2024-08-06 |
I was being sarcastic. | r/technology | comment | r/technology | 2024-08-06 |
Why? What person is worth. Management is a scam | r/technology | comment | r/technology | 2024-08-06 |
What happens if he resigns after 1 month | r/technology | comment | r/technology | 2024-08-06 |
That’s the federal minimum wage. In California it’s $16.00. In San Jose it’s $17.55. So, it does depend on where you are at. | r/technology | comment | r/technology | 2024-08-06 |
Save the company millions? That's code for layoffs. | r/technology | comment | r/technology | 2024-09-06 |
I didn’t say with whom. I said what benefit. | r/technology | comment | r/technology | 2024-09-06 |
What benefit could her network provide to google | r/technology | comment | r/technology | 2024-09-06 |
There are three VP levels (10-12) and two SVP levels. That I knew of once upon a time. :) | r/technology | comment | r/technology | 2024-09-06 |
You're right, I do think that the line is not at a guy making a few millions, and I don't know why I said I'm not drawing a line.
> And youre dilluting this issue with your language.
And you are making the matter more of a "poor people envious on someone that has more" by fixating on someone like the cfo of google and a few millions. | r/technology | comment | r/technology | 2024-09-06 |
> A company like google will not be made or broken by that amount of money. If there aren’t any major downsides and it’s good for both the company and the individuals, why wouldn’t you do it o
And they did spend literally a year looking for people for this role. So clearly, it wasn't an easy search. | r/technology | comment | r/technology | 2024-09-06 |
> Executive pay has ballooned relative to worker pay over the last few decades
Companies have also gotten a lot bigger over the last few decades as a result of the Internet and globalization. If you control for size of company, most companies actually pay the executives less relative to the size of the company.
McDonalds for example pays it's CEO so little that it's literally down to $457 per location per year. Just over a dollar a day per restaurant. That microscopic level of pay for executives has never been possible before in history. | r/technology | comment | r/technology | 2024-09-06 |
RemindMe! 5 years
Has a single company replaced any of their executive staff with AI as a cost cutting measure and a "lower failure rate" approach? /u/Amon7777 and I want to know!
> Also exactly why executives should be among the first replaced by AI as they impossibly cheaper and less fail rate. | r/technology | comment | r/technology | 2024-09-06 |
Only if they’re rational. But considering Elon Musk and Sundar Pichai are still employed, they clearly aren’t | r/technology | comment | r/technology | 2024-09-06 |
> I want to use Ikea as an example, but I'm sure there are better.
I just did a bunch of digging trying to figure out where Ikea's profits go, and it lead me here, which only makes me more curious. https://www.fastcompany.com/3035734/ikea-is-a-nonprofit-and-yes-thats-every-bit-as-fishy-as-it-sounds
You are right, it appears the "CEO" of one of the main subsidiaries is not paid very highly, but I can't find anything specific about his role in the series of non-profits and subsidiaries they own. Very interesting.
> I am saying that they should not be tied to performance. They are there to perform. That is what their salary is for.
I see. Would you be okay with bonuses for performance? Clearly poor performance means they lose their job, but what about above expectation? | r/technology | comment | r/technology | 2024-09-06 |
I get the Musk hate, but what's wrong with Sundar Pichai? | r/technology | comment | r/technology | 2024-09-06 |
> pay out a flat bonus to every employee. So, all employees get 10k as an example.
Sometimes companies do this if certain goals are set and then met. But other than that, it only makes sense to give bonuses based on performance. Why would you give your least contributing employees bonuses? That makes zero sense.
> Creating their own specific bonus and giving it only to themselves is ridiculous
Correct, and that's why it never happens. No one is in charge of giving themselves a bonus.
> I'm being serious here: You understand that the people running those companies are a bunch of crooks and schemers correct? They're the types of people that can easily convince you that you are saving money while they steal it straight out of your wallet. Their job is communication...
If this is true, that Google is run by crooks and frauds, then explain their wild success? How can they be succeeding if there is so much financial fraud happening? | r/technology | comment | r/technology | 2024-09-06 |
The CFO of Google isn’t an average American. Jesus this is a stupid comment. | r/technology | comment | r/technology | 2024-10-06 |
LOL! Which concept was that? hehehehe
Kudos to abandoning your position when you realized the term was one you weren't familiar with. | r/technology | comment | r/technology | 2024-13-06 |
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r/technology | post | r/technology | 2024-08-06 |
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They are the only people who truly understand it. | r/technology | comment | r/technology | 2024-08-06 |
This documentary is so outdated. It's embarrassing looking back at how we saw it back then. This is calling generalized intelligence a myth but we're right around the corner from achieving it. It turns out that being able to produce text and images was significant.
My theory ended up being correct. All it really took to bridge the gap was to give it a mechanism for symbolic reasoning. Human intelligence is truly not that complicated. All we do is use analogy. The brain holds a model of the world. AI is now capable of that.
How Far is Too Far? | The Age of A.I. https://youtu.be/UwsrzCVZAb8?si=7QlyiQrsdKB-LYR8 via @YouTube
The good thing is that controlling AI is simpler than people think. Or at least I'm less worried about AI on its own. What scares me is what people will do with AI. Although somehow we survive a world with 8 billion people on it, but that is largely because not all areas of the world are equal.
Maybe that's the answer to surviving AI. It's not something that should be widely available. Maybe it's something you should even have to be licensed to work with like how you have to be licensed to prescribe drugs. We need to know who is working on AI and in AI and it needs to be something that can be confiscated.
How can you trust the government? We trust the government with nuclear weapons, with military. There's only two choices public or private. If public institutions aren't ultimately what controls AI, have the right to regulate it, then that means private companies can do whatever they want with it, distribute it however they want and that's not a good idea.
Roman Yampolskiy: Dangers of Superintelligent AI
https://www.youtube.com/watch?v=NNr6gPelJ3E&t=4330s
I hate it too. I have that libertarian impulse. I don't like the idea that the government can have a say in what I'm working on, but the threat is just too enormous. There's endless amounts of things that could happen with run away super intelligence. If highly intelligence devices are easily accessible. | r/technology | comment | r/technology | 2024-08-06 |
Ai workers a have a vested interest in inflating ai capability. We shouldnt trust them. | r/technology | comment | r/technology | 2024-08-06 |
tbh so many articles coming out against AI just make me believe that it's something that the 'elites' don't want us to have access to it. It's not going to go away and if they successfully push to restrict 'peons' from accessing it then... that's only a detriment.
But this subreddit is also very against technology so meh, I miss when reddit actually had interesting comments/insightful things. | r/technology | comment | r/technology | 2024-09-06 |
My former employer is planning on deploying chat GPT /generative AI to talk to customers and sell Medicare advantage plans. I am terrified. | r/technology | comment | r/technology | 2024-09-06 |
I feel like most discussion on Reddit, outside of specific ai subreddits, have such double think about ai. It’s simultaneously a useless joke, just riding the tech hype like NFTs. But also something so dangerous we must take every precaution to prevent it from destroying society. | r/technology | comment | r/technology | 2024-09-06 |
That wasn't the corporate assassination everyone assumed, which was apparent to anyone who had more info than just the headline. I don't think the fbi start investigations from headlines so probably not. | r/technology | comment | r/technology | 2024-09-06 |
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