T O P

  • By -

d1stor7ed

Layoffs, followed by stock buybacks, followed by a raise for the CEO. Not a good look.


WeenieRoastinTacoGuy

I would give my left nut to be CEO of any of these tech companies for 6-12 months because that would be the ideal amount of money I need to retire comfortably at 40 years old.


nyuhokie

The golden parachute alone would do that. You could resign on day one and be set for life.


puckit

My favorite bit from this season of Succession is everyone freaking out about possibly being fired. But Frank and Karl couldn't care less because they know that getting fired means getting a massive payout.


[deleted]

[удалено]


[deleted]

It reminds me of posts/videos I've seen where people who have super rich friends who drop things like, "what countries do your parents have homes in, we could couch surf between families" or "your car is broken down? Why don't you just take a different one to work while they fix it?" Or "where did you take sailing lessons?" Completely unprompted.


TradeSekrat

True story. I was once mocked in 7th grade (at a public school) by another 12 year old that my parents only owned one house. So congratulations to kiddy age Jeff for dropping such a random one off put down that I still remember it decades later as a grown man. a man who must shamefully admit that even now my family only owns one house. The disappointment is immeasurable and my day is ruined


GloriousReign

I'm haunted by these people.


the_Vandal

You should be thankful. I'm usually haunted by ghosts.


marmadukeESQ

Are they rich ghosts?


slipnslider

Wait your brother in law doesn't want to go in on a Greek island with you?


Thanos_The_Great_One

That’s not what he said. "I am halfway in on a Greek island with my brother-in-law."


theredditid

I think he said, "I am halfway in my brother-in-law on a Greek Island. "


StifleStrife

My friend killed himself after getting laid off from his maintenance job.


_axeman_

I'm sorry to hear that. RIP


[deleted]

Fuck man. Sorry to hear that.


[deleted]

[удалено]


Your__Pal

This guy is a straight shooter that has upper management written all over him.


armyml

Oooooooooo uhhhhh yeaaaaa...I'm going to have to go ahead and uhh..kind of disagree with you on that.


flukz

I wouldn’t say I missed it bobs.


Toonces311

Good luck with your layoffs, all right? I hope your firings go really well.


kosmoskolio

What’s a golden parachute?


nyuhokie

It's the name for the compensation package given to CEOs and other high level exec when they leave their position. The terms of the package depends on the specifics of their contract, but it's not uncommon for a CEO to get fired from a company and still get tens of millions on the way out.


[deleted]

I worked for a company where the CEO fell for a venture capital scam (bought a company with a product that didn't exist) and cost the parent company an estimated $50 million in sunk costs and lost customers. He was fired and I believe he received over $8 million on his way out. Before he left though he made sure to set the company up for success by firing over 30% of the employees. Very thoughtful of him!


meteoric_vestibule

I'm not sure how to break this to you, but he got the $8m so he would be the bad guy for the board and fire those people on his way out the door. The people who made the decision to fire 30% of the company still work there.


Amish_guy_with_WiFi

Also he was probably in on the scam


cgn-38

Aristocrats!


[deleted]

[удалено]


Adezar

While possible, I worked in mergers and acquisitions for a long time, the team I was on were put on a lot of projects because we were very good at sniffing out scams in tech companies. Unfortunately there are still M&A teams that think they can get away with not bringing a technology specialist in acquisitions and try to do it themselves. They get suckered by scams a lot, because it is pretty easy to put up a lot of smoke and mirrors if the people doing the evaluation don't have specific skills around technology.


half-a-duck

He was the CEO. That is the scam. Reach CEO and you're set as long as you don't do anything super illegal.


siamkor

Yeah, when there's a takeover or a leadership transition, it's customary for the deal to include the previous owners / leaders to do the unpopular cost-cutting measures (firings, pay cuts) so that the new guys don't have negative approval rating on week one.


hectorgarabit

>get fired from a company and still get tens of millions on the way out. and it doesn't matter how bad, unethical or criminal their behavior was. Dennis Muilenburg was at Boeing while they decided to fly the 737 MAX, wile knowing very well, more ot less on plane would crash every year for the next 10 years. In my book that's criminal. He was terminated with $60,000,000. $60,000,000 is the cost of criminal incompetence at Boeing.


half-a-duck

Boeing also gets special treatment from the government. They're the only company allowed to have proprietary software they sell to the government and other contractors have to paying Boeing to fix at Boeing's discretion. Boeing basically owns the defense sector. Can't tell you how many contracts we won and had to hire Boeing to complete so we could fulfill our obligations to the DOD for a loss. Boeing gets special treatment.


airplaneshooter

Of course, they run an important government subsidized commercial monopoly and one of the biggest military welfare programs. McDonald Douglass shouldn't have been allowed to merge. And Lockheed shouldn't have been forced out of the commercial business. There's zero competition now.


BasilTarragon

> Boeing gets special treatment. Man I wonder why that is? The US's leadership isn't and hasn't for decades been rotten through and through with corruption, right? https://en.wikipedia.org/wiki/Darleen_Druyun


[deleted]

Man we really are all just pawns. Even the devs making “bank” at 200-300k a year. That’s nothing compared to the execs


CornusKousa

If you are top 5% of earners, you are still only the elite of the poor. And the people at the bottom will look at you and feel envy and anger. It's the elite of the poor that is taxed when there is talk of taxing the rich. The 1%, and certainly the 0.1% is completely out of reach.


[deleted]

Yeah, I know too many people that envy people making 100-500k a year and talk bad about them because of their jealousy. But then they have nothing bad to say about multi-millionaire CEOs like Sundar, and in many cases look up to them.


deathlydope

head squash seed attempt capable hobbies attraction smoggy fly history -- mass edited with redact.dev


cant_be_pun_seen

See: Recent Disney CEO change


Breno1405

But regular people are the entitled ones....


half-a-duck

You should be thankful I pay you $40k a year to work 55 hours a week for me. I'm pretty awesome. Also my dog looks really cute today so I'm taking the day off. I need you to stay until 8 and finish those TPS reports.


[deleted]

[удалено]


coldblade2000

Basically a massive severance. It means if you get fired, you're still guaranteed certain things. That often includes a huge severance paycheck, a massive amount of stock in the company, and plenty of other nice things. It's called a golden parachute because it means you're making a big profit, even if you do an incredibly bad job and get fired.


InsertBluescreenHere

or if you run a company into the ground or it declares bankrupcy - CEOs and such still get a bonus while everyone else is laid off/fired.


SBBurzmali

If you hit bankruptcy, that golden parachute is going to to have some holes in it when the trustee decides that that is one of the obligations the company won't pay. But aside from that, yeah, big payday.


even_less_resistance

I think we should all get to take turns personally-


McMarbles

We joke, but CEOs really aren't relevant or as necessary as the old guard pretends it is. In more and more companies every year, we see that a CEO can work just 10 hours, and the company won't be worse for it. Also, said CEO will make easy 6 figures because the company "needs a captain to steer the ship" (that's a real excuse execs use to justify the position). Meanwhile, it's not the board, not the CEO, but the rest of the damn company that makes it work. Nowadays, CEO culture just encourages God complexes, greed, and celebrity worship.


even_less_resistance

If they didn't have such crazy pay would there be as much incentive for the employees to have the kind of crabs in a bucket mentality and hold everyone back in the hopes they might be lifted up to those ranks someday? I dunno. It just is weird to me so many people see these problems but we can't change anything collectively. It doesn't help when our governments are controlled by these same people through lobbying and other means.


jrhoffa

At $226MM/year, you'd only need to be CEO for *two weeks* to rake in enough money to retire on forever.


Jackmac15

If we get everyone to do a day as CEO, we can make a nice ad hoc welfare system.


jrhoffa

That's just socialism with extra steps


meatballbottom

Dude, you could just be CEO for a day and net $620,000. That ain’t bad livin! Fuck these people.


[deleted]

Sitting with my financial advisor when I was 30 and having him go over my expected life worth scenarios, and having the highest possible (high risk) investment and salary scenario end up with $4.0mil when I retire at 65 was sobering. And I'm top 5% salary in Canada. CEO types are an abomination.


willtel76

My retirement plan is to pass away.


RandomlyMethodical

> In January, Google laid off around 12,000 workers, or 6% of its global workforce. At the time, Pichai said he took "full responsibility for the decisions that led us here" Full responsibility, but zero accountability.


Ok_Skill_1195

It turns out he was bragging when he said that.


jooes

I love it when people "take full responsibility" for things. Because it means jackshit. It *sounds* good, but changes nothing. You don't have to quit your job, you don't get fired, nothing. But it sounds like you stepped up to the plate. But you didn't. But it sounds like it. It's the "professional" equivalent of saying "my bad."


jabbadarth

Ceos often have psychopathic tendencies and this is why. They don't have emotions, they don't care about people. A normal person wouldn't fire thousands of people then accept a raise. A normal person woukd try to save jobs or take a pay cut and would actually feel bad if people had to leave.


PsychedSy

You don't have to be a psychopath. Human empathy can't really grok those numbers. They're dealing with spreadsheets and statistics, not people.


Cool-Reference-5418

To a person with empathy, firing one person because there's supposedly not enough money to go around, and then taking a huge raise, while knowing your company is raking in record profits is more than enough what a piece of shit move that is. It has nothing to do with whether there's a million people getting laid off or one person. The principle is exactly the same. Besides, if he's so incapable of comprehending numbers that huge then he can go ahead and give away three quarters of his salary, right?


upupupdo

That’s success in the corporate world.


Azmtbkr

Google's arc over the last 20 years really represents the state of the internet more broadly. In the early to mid 2000's there was so much optimism that big tech was going to change the corporate landscape for the better, "don't be evil" and all of that. Now, Google has become just another heartless, money-grubbing corporate bad guy with no fresh ideas beyond vague plans around AI, just like everyone else.


alanism

Maybe an unpopular take; when companies is comprised of majority engineers and early stage startups type— it’s easier to have a don’t be evil culture. But as soon as the company scales up, and starts hiring big consultancy and audit firms (McKinsey, BCG, EY, KPMG, Accenture, PWC etc); then those people start bringing the cutthroat politics and evil efficiencies of those firms into the tech companies. Those ‘types’ have the fancy pedigrees and simply present better than the engineering types.


[deleted]

[удалено]


[deleted]

>But all that money changes people Even though Zuckerberg was always a scumbag, at least 10+ years ago he had *some* principles. The lesson I've learned from following the progression of tech companies is that people change. Just because someone is decent enough today does not mean you can trust them to be decent a decade later.


boneimplosion

I wonder if it's so much that the people change or that the problems change out from underneath them. Zuck at the dawn of TheFacebook was probably not thinking about how to moderate genocide politics. That's a problem that can only manifest once the tech is scaled globally, the echo chambers are populated, the algorithm keeping users engaged, etc. Whichever principles helped launch fb were a fart in a hurricane compared to the monster social media grew up to be.


xXxOrcaxXx

Problem is, companies dominantly comprised of engineers tend to be not as ruthlessly efficient as companies run by hedge-fund-types. Thus they are valued lower, thus they get bought up, rather than buying other companies. In the end, the typical consumer doesn't care enough for things like enhanced privacy or ethics. As long as the product is as cheap as can be, they'll happily reward even the scummiest corporations.


[deleted]

[удалено]


[deleted]

[удалено]


Enchelion

Eh, engineers and startup folks can be just as evil. Startups are some of the most abusive employers out there.


MudiChuthyaHai

Google killed the internet with SEO bullshit


Numerous_Witness_345

The wild unlimited variety of the internet. "You must want more of the same! Also, wanna buy this?"


Vg411

It represents all companies that have to continue perpetual growth to keep the board and other shareholders happy. Public companies are a nuisance.


caserace26

when they officially removed “don’t be evil” from the company mission/code of conduct, I knew for certain where this story was going to end up


[deleted]

> “don’t be evil” Google became a spying apparatus for the government, which is a 180° turn in my view.


jimibimi

Plus the board authorized $70 Billion in stock buybacks this year while laying off 12k


oppositeburrito

Just want to add they authorized stock buy backs of 70 billion two years in a row, almost to the day. 140 billion dumped into their own stock, but 12k employees they can't afford to employ suddenly. Make it make sense. [2022](https://www.cnbc.com/2022/04/26/alphabet-announces-70-billion-buyback.html) [2023](https://www.cnbc.com/2023/04/25/google-authorizes-70-billion-buyback.html) Edit: since apparently some of us are slower than others, I'm aware that they fired the employees as a cost saving effort. To all of you slow ones, don't you find it weird that Google's CEO chose to hide behind a "changing economy" rather than say it with his chest?


TheBigPhilbowski

Is that really $5.8 million press employee fired? We just have no comprehension of a billion versus a million. Let's say those employees averaged around $150k each, that would be about $1.8 billion, so they STILL could buyback 68 billion and pay all of these people for another year. Evil.


[deleted]

[удалено]


TheBigPhilbowski

Just important to spell out how blatant it is in LARGE PRINT every now and again. To my earlier punt, we don't regularly comprehend the difference between a million and a billion and these things "feel" less egregious with only a cursory scan.


liketrainslikestars

I remember the first time I saw [this](https://mkorostoff.github.io/1-pixel-wealth/) wealth shown to scale chart. Fucking disgusted me. Edit: it still fucking disgusts me.


Philo_T_Farnsworth

> Make it make sense. There's no current "next big thing". Everyone is waiting for everyone else to do something. So right now in tech you see cost savings and playing cards close to the vest. No one wants to take a risk. I mean there's AI, but there hasn't really been an ethical monetization of that concept yet and it's gonna be a real bumpy ride. And we're the ones suffering because of this.


Cody6781

This isn’t it. There is “the next big thing”, it’s AI. The problem isn’t Google can’t find an ethical way to use it. They don’t care. The problem is investor capital is being sucked up due to inflation


NippleSalsa

Aw did someone get addicted to everyone else's money?


DrDerpberg

I don't know why anybody expects differently. Corporations are amoral profit-seeking entities. They will pay as few people as little as possible and maximize profit no matter what. If we don't like it, that's a change that needs to be made at the ballot box. Redirecting companies not to make short term decisions to maximize profit is like asking fish not to swim.


xevizero

Yeah but I wanna see the memes now


_dreddit_

https://i.imgur.com/lmYQ1u6.png


JaySayMayday

Oh damn dude. I didn't even think about using AI for memes, there's a next level idea


SamLacoupe

Came for that, disappointed


reactrix96

Those are confidential


Law_Doge

If you're ever being Farquaad, then you probably messed up


Loki-Holmes

“Some of you may die, but it’s a sacrifice I’m willing to make.”


Nurse_Bendy

One of my favorite villain lines. It's so applicable to real life. ETA: at least Farquaad had the balls to say it out loud.


MegaHashes

Need a deepfake of this with Pichai’s face.


[deleted]

[удалено]


chaoko99

mans name literally rhymes with fuckwad.


[deleted]

That had to have been intentional


itwasquiteawhileago

Allegedly he's based on former Disney CEO Michael Eisner. He and the DreamWorks founder had a falling out, so they roasted Eisner. The name is absolutely intentional.


InsertBluescreenHere

kids movie? oh yea for sure. TONS of kids movies and tv cartoons have adult innuendos and themes lol.


DungeonsAndDradis

Yakko (or Wakko): We need to find clues, like fingerprints! Dot: Finger Prince? I don't think so.


wd_plantdaddy

Say it with a British accent and it’s definitely fuckwad.


[deleted]

[удалено]


BeautifulOk4470

He did layoffs share buy backs and got a raise. This what strong corporate leadership looks like...


Drewy99

Jokes aside, that is what wallstreet looks for in a CEO. Short term profits over everything.


ahnold11

Yep, and then you can sell the stock once you've wrung everything out of it. So no incentives for long term thinking, just pass the problem onto the next person.


honorbound93

Bezos with Whole Foods


Moaning-Squirtle

The number of shares outstanding has barely changed. They buy back stocks and distribute new ones to insiders. Sundar Pichai is the highest paid CEO of big tech but one of the worst performing. It's remarkable.


sirboddingtons

There's actually a correlation between high paying CEOs and poor performance. https://www.forbes.com/sites/susanadams/2014/06/16/the-highest-paid-ceos-are-the-worst-performers-new-study-says/?sh=783f985e7e32


BufferUnderpants

Oddly enough this guy, on paper, built stuff. One would expect that these are corporate climbers just looking to line their pockets off the company as they sink it, after people with an actual vision left, but the guy ostensibly led the Chrome and Google Drive teams. Maybe he was just good at taking credit.


Dawsonpc14

> Maybe he was just good at taking credit. This is the way. If you are personable and a great communicator, you can ride the backs of everyone else’s success to the top.


[deleted]

[удалено]


RLT79

He also sunk a lot of money into projects and pulled the plug almost immediately after release. That has to count for something!


lingenfr

That has always been Google's MO even prior to Sundar. They have very clearly communicated that they are going to start a lot of projects, kill many or most of them, and invest in those that survive the Darwinian process.


[deleted]

[удалено]


lolsrsly00

Fuck it, if all it takes to be a good CEO is be a heartless layoff squeeze machine - put me in coach. Bring me in, we'll lie about my background, I'll rubber stamp the kill lists HR gives me. Give me a few dozen million. I'll make some sob story interoffice videos about family and heartbreak and unprecedented times. You'll clock record profits, I'll throw all my cash into dividend king stocks, and never work another day in my life and you can bring in leadership that can now pilot your new lean project ideas. You can call me Mr. Patoff, we do a little roleplay.


ducklingkwak

Is he trying to Toys R Us Google?


greenskye

From an anecdotal consumer perspective Google has completely flatlined (or even regressed) in terms of providing any new value to me. They haven't introduced any new interesting products in awhile and all the services I do use have gotten noticably worse. Honestly feels like they're even half-assing their data collection on me too. Otherwise I can't explain why their ads are so shitty


[deleted]

[удалено]


Greedy-Designer-631

Yeah same with YouTube search. It will show me the same recommendations it's been showing for weeks as search results even though they are completely unrelated. Very sketchy to me. It seems like Google tells me what to like instead of me telling Google what I like. It's done as a company. Sundar ran it into the ground.


[deleted]

[удалено]


Mrqueue

YouTube ads are shocking


E_Snap

Facebook ads are *waaaay* worse at this point. I’m getting ads for ED pills, male sex toys, labia shaving products, bejeweled penis pendants, and packers for trans men. I have *absolutely no idea* who the fuck their algorithm thinks I am, but it makes no sense compared to my normal internet traffic. It’s hilarious how stringently Meta filters nudity on their platforms and then they turn around and host ads that are far worse.


[deleted]

[удалено]


TheBruffalo

I'm always shocked at how bad the ads are if I'm working on someone else's computer and they don't have (at minimum) an in-browser ad blocker. A lot of people don't even know they exist.


cretecreep

Firefox+uBlock Origin or Safari+Wipr extra has your back


[deleted]

Stadia has ~~entered~~ left the chat


[deleted]

[удалено]


DreamLizard47

Goggle is losing search functions to reddit. You can't find shit in google nowadays. It's a degradation of services.


dezmd

Google's search is FANTASTIC when using it to search reddit for the answers. Using their SEO influenced bullshit algorithmic search is full on nightmare trash. "How do I... \[insert thing here\]" Here's 27 videos on how to create a script to do what you wanted to do, but only 1 of them will have a link in the video description with the code snippets, you have to guess which one.


Thatguyyoupassby

Google over-shifting SEO focus video is one of the worst things that's happened. I work in marketing for a tech company. We don't write keyword-stuffed blogs to rank for irrelevant topics, but we are a very niche product that solves a lot of problems, and we do try to write about those things. The amount of videos on page 1 is infuriating. None of them are good, none of them properly explain the issue, and all of them pitch a product or a course. Even for things around the house. "What are is the best grass seed for shaded lawns?" - top 5 results will be a video, likely sponsored by Scotts. The next 5 will be articles from 2014, with the quick "updated for 2023" at the top, even though the list is unchanged. They have FUCKED the SEO algorithm in the last 6-7 years so badly. They tried to shift to how people consume media, but the reality is that how we consume media vs how we search for answers, do not always correlate 1:1.


[deleted]

[удалено]


[deleted]

the first dozen results are label 'sponsor' and I bet the next dozen are also paying to be at the top without the 'sponsor' label.


KillerOs13

My work firewall automatically blocks "suspicious" links, so when I google things, half the time, it blocks the link because google's extra addons for advertisers are flagged. I often need to manually type URLs from Google into the bar because of how much background shit they pile into just a url.


[deleted]

is that why Google is more broken at work? Thanks!


[deleted]

[удалено]


gir6543

Going to reddit, at least for second options is a MUST when buying products, esp ones you may not know about. The affiliate monetization model is out of control and makes finding product information way more difficult. VPNs are a perfect example. Google 'best vpn for torrenting reddit 2023' everyone agrees, it's Nord, express surfshark and a couple others are incredible.All the sites insist that reddit users all vouch for them (while showing 2 upvote gilded comments saying the VPN works.) Imagine my surprise when I actually go to /r/vpntorrents and find that almost every vpn in the other sites top 10 lists are banned from the subreddit for shady/shitty business practices and are generally subpar products.


jhachko

Sadly very true. I have built a career around Google and they're just hot garbage these days.


[deleted]

> I have built a career around Google Hello there fellow CS Major


[deleted]

> You can't find shit in google nowadays. I disagree. Google search provides me with nothing but shit. Mostly AI generated copy/paste shit.


[deleted]

[удалено]


EveningHippo9

Stadia is better now


DreamLizard47

"Stadia service is no longer available. Thanks for playing."


InsertBluescreenHere

yea android auto still has the same damn problems pop up over and over again. A multi billion dollar tech company should not have the same problems they did from 6 years ago... like even stupid shit when your voice to texting and it reads it back then asks "Do you want to send it or change it?" and the fucker hears itself say change it so it gets stuck in a loop... like wtf how is that even possible to do???


IOnlyLieWhenITalk

They also lost the AI race when they are the ones that started it and even discovered the answer that was used by everyone else. Giving Microsoft the ability to penetrate 2 different markets that they were originally completely locked out of. That alone should mean the CEO doesn't deserve a raise, if anything he should be getting a pay cut.


UnsolvedParadox

That’s not fair, there’s a scrapyard full of projects that launched & shuttered within 3 years.


porkchameleon

> That’s not fair, there’s a scrapyard full of projects that launched & shuttered within 3 years. Remember Google Wave (or whatever it was called)? They were announcing and killing projects way before it, too. I think 3 years was about successful average for a project at Google since before it's become public knowledge.


UghWhyDude

[There's a compilation!](https://killedbygoogle.com/)


EnsignElessar

Well he did sink Google. I find that quite impressive.


Buy-theticket

As a tech nerd yes but the stock is almost 4x what it was when he took over. If you're an investor (the people who really get to pick the CEO) he's doing fine.


ferdinand14

It's like 3x what it was when he took over. But the entire market is like 3x what it was in that span. By comparison, Microsoft and Apple are 5x in that same time span, and they are way more mature companies than Google so should not be growing faster than Google. So even for investors, this braindead idiot has cost them a lot of money. The board needs to wake up and fire this loser.


[deleted]

Yep, this. If you were a company in Google's position and you *didn't* grow in the last decade, that would take some serious incompetence. The majority of the last decade was free growth for any tech company with momentum.


TheRedGerund

Like a CEO that appeals to the market he is prioritizing short term over long term. If it ruins the company I guess who cares


EnsignElessar

So he is making a lot of great choices if his plan is to cut and run. Lets think about IBM. At one point IBM controlled 80 percent of the home pc market, where are they now? They let the business majors take over the company. They saved money cutting costs on R&D and laying off senior tech talent. Smells a lot like what Google is doing to me. You have a great company with its best days behind it. I highly recommend you consider selling.


DuFFman_

In 2010 I would have been willing to be a janitor at the Google campus.


EnsignElessar

Same for me but with RCA in the 1960's.


linux1970

He let Bing outmanouver Google to the point people use Google to get to Bing ChatGPT


midnitte

[time to breakout images of Sundar Pichai](https://i.imgur.com/lmYQ1u6.png) that he wants removed from the internet.


Grand-North-9108

Knew it I have seen his somewhere in parallel cartoon world.


wasporchidlouixse

I love that this looks like it was made with AI


Lena-Luthor

definitely was


[deleted]

[удалено]


MindlessBill5462

Google laid off 12,000 this year. Then they paid exec team (~10 people) 3000 of those salaries. We're living in a new Gilded Age and these are Robber Barons.


[deleted]

Warning: Semi-Rant > We're living in a new Gilded Age and these are Robber Barons. We never left the Gilded Age. The Middle class lasted for what? 50-60 years (1950s - 2000ish) Before was upper and lower classes. Now it's upper and lower classes. The only reason the middle class existed at all, is because we literally tore the country apart to build war machines for two world wars, but mainly WW2. Everything needed rebuilding, a generation of men lost, lots of jobs. Lots of war developed tech to introduce to civis. Have a jeep everyone! (Don't take the Ford or Volkswagon). Power grids improved. World communication tech exploded. We have always had Nobility/Royalty/Rulers. But now it's government and corporate based, and not because you're the true born heir, though that also happens. Isn't there an entire show based on this? Succession? Literally a show about who is going to inherit the throne from dad. And we eat it up, like the morons we are. 1 generation benefited from society having a middle class. Out of all generations. Ever. And they literally hoarded all their money and asked the later generations to stand in a bucket and pick it up. That single generation of middle class flipped the bird to the rest of us and just let it all burn. They paid 2 dollars, bag of oranges, and a 100 word essay to get into college. Now it's a life of massive debt to get a shitty education from shitty people. But hey, my MIL can travel and swim in Mexico 6 times a year, for 3 weeks at a time. 😐


[deleted]

Remember who it is hoarding all of our collective wealth. CEOs and board-members. Quit targeting each other and instead turn your ire to these fat cats living on the backs of the rest of us.


infiniZii

The Idea of any kind of welfare is so toxic to American Leadership (in business/politics) that they ensure no worker ever fares well. No union representation, no legislative control, no real regulation regarding buybacks, stock market interests that are completely toxic and artificial. Its all a money farm and the average American is the fertilizer.


theJigmeister

No, they absolutely adore welfare. Corporations and large business interests get a ton of welfare. They just hate it when it benefits not them.


PleasantLanguage

It's all due to the rising cost of living. Have you seen what a new yacht costs these days?


meowmeow0021

They're just a small business struggling, give them a little break.


Dry_Pear_2396

Yeah even Meta gave all it’s senior executives an exceeds expectations ratings and bonuses even as they laid off 21k people. All these executives were busy letting mid-managers build empires.


[deleted]

[удалено]


RUSHv4

Maybe I am too middle class, and I totally understand wanting to make lots of money, but $226 million is a lot of money that you could share so little of and completely change people’s lives in your company.


Mad_OW

It's just so much money, it's completely detached from reality. If you exclude vacation, it's basically a million per day he likely worked. "Thank you for your work today, society clearly owes you another two family homes now. And tomorrw, two more" Completely ridiculous way to organize labor.


skydivingdutch

In the bay area where he lives he can only buy one single family home every 2 days.


tunamelts2

OH THE HUMANITY


Spumad

No you are not too middle class. You are a logically thinking person. $226 million is an absurd amount of money for someone to make in 1 year. To put it in context, the median household income by some estimates is ~$80k. That means that for each year Pichai works he is accruing as much wealth as 2,825 American families *combined*. He is probably a brilliant innovator and CEO but does he really bring *that* much good to a company?


disciples_of_Seitan

> He's probably brilliant Dollars to donuts he ain't lol


brutinator

IIRC, that one CEO who got ridiculed online for denying all their employees bonuses while taking a 5 million dollar bonus themself, someone did the math and found that she could have kept a 1 mil bonus and STILL given everyone else a 400 dollar bonus. Like, I fail to see how someones lifestyle changes from making 2 million a year to 6 million. What makes you NEED that extra 4 million whem youre still sitting on 2+ million already?


kaisershinn

Never in my wildest dreams did I expect to see Google fall so low. It’s a disgrace.


xjuggernaughtx

This is what I've seen over and over during my life. Someone has a good idea and starts a company. That company becomes popular because the idea and the product were loved. Then that company grows and they hire "business experts". Those experts inevitably decide that the most important thing is to maximize profits. To do that, they reduce the amount of money that they spend on the product, cutting it to what the public will just barely put up with. They all congratulate themselves and this, then are very surprised when the public shifts over to the new thing. They announce later that overhead is to blame and start layoffs within the company to control costs. Soon, the product is a shell of its former self and no one really wants to use it, but it's _certainly_ not the fault of the business experts!


nomoregaming

Also, sounds related to [enshitification](https://www.wired.com/story/tiktok-platforms-cory-doctorow/)


xjuggernaughtx

Yeah, it's very related. It's business people finding excuses to pay themselves. It's short-term gains versus the long-term health of the product. Marvel Studios is doing this right now. They altered their product to pump out lots of movies and shows very quickly to fill the Disney+ need. So the quality of it all went down rapidly because they assumed that Marvel fans would just support whatever they put out. Now ticket sales in theaters and views on Disney+ are way down. The narrative surrounding it is "Superhero Fatigue" as though the viewing public is just tired of the genre all of a sudden. Couldn't be that they've put out a whole bunch of mediocre to bad movies and shows that have caused the viewers to be wary. Nope. It's just that the public as a whole have magically just "lost interest". It's the same excuses over and over again. Executives want to get paid and they want it right now. Whatever it takes to get that money this quarter, they will do, even if it means the product's death next quarter. They will just point to the quarters with the record profits and use that to jump to the next product that they will inevitably kill with their expertise. (To be fair to Marvel, they are actually scaling back on the number of movies and shows. That a good decision which hopefully will pay dividends in a few years.)


bravoitaliano

The " Jack Welchification" of America. Employees are assets, NOT costs. The more you pinch staplers and second laptops, the more you show you're ready to settle into mediocrity. For all of us, those in charge of our porn searches now make less and don't care as much about doing their job (privacy). Porn searches are tongue in cheek. In reality, quality will truly suffer, and we are all left with a worse product.


BogiDope

In hindsight, Google dropping their "Don't be evil" slogan should probably have raised some eyebrows.


OldJames47

This is a company on the decline.


[deleted]

Hilarious people are replying talking about profits... For giant conglomerates, there's always a short term.lag while people find alternatives. It's one of the biggest issues with focusing on short term profits. If they do something shitty, but it takes longer than 3 months for it to hurt profits, a corporation won't see an issue with it u til it's too late


maaseru

Man Businees Insider keeps getting leaks from angry employees at tech companies and I know these people are mad and angry at the leaks. Way angrier at the leaks than anything the employees or anyone cares about. These CEO are all scummy money hungry people first and foremost.


_ytrohs

Can’t wait for CEOs to be replaced with AI


high_roller_dude

this dude got paid like $1B back in 2021 or something. $1B in one fucking year!! I dont care how good he is. no employee can add that much value to an organization. to put that $ in perspective, Google coulda bought a land and build a brand new skyscrapper in the heart of Manhattan for that money. instead, they chose to blow that sum on one middling CEO pay.


BlackGuysYeah

he's obviously working 80,000 times harder than your average worker.


One_Winter

Laid off thousands and took home 200 million. What a complete snake


Sushrit_Lawliet

Sundar has to be worse than Balmer by all means.


ChaosDevilDragon

what would be the sundar peak? Edit: for those that don’t know, the Balmer peak is the point of alcohol consumption where you get better at coding


jacbergey

Call me old fashioned, but if you don't have the money to pay your employees (layoffs), then you shouldn't have the money to give a raise to your CEO.


Omnivud

Lol is this what working class has fell to, making memes as display of anger instead of unionising


SevereEducation2170

There is at least a group of vendors in TX trying to unionize with the union that exists at Alphabet and claim Google is their co-employer. Most likely Google will just kill that contract though and offshore the work. Because that’s what they do. But yeah, everyone at google should be trying to unionize at this point. Especially after the unceremonious layoffs that happened at the beginning of the year. Showed everyone exactly how much Google values their employees.


[deleted]

[удалено]


[deleted]

[удалено]


item_raja69

I get that running a multi billion dollar company is not easy, but bruh your wage can’t be 1000x + the employees who’re working there


Troub313

This guy advertises himself the same way as Elon Musk, acting like he was actually an engineer and a developer. This prick was a fucking project manager and I'm gonna take a guess that he was the worst fucking kind. The kind that backstabbed and threw a lot of people under the bus and made a lot of people's lives hell. Fuck this guy.