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Curated from across
Vast majority of it is stock, and not liquid money. So, it wouldn't hurt Google much.
Also, if something goes wrong, he will have to take blame for that. And he does (actually all managers) have to take a risk every time.
Those at lower level does the execution part, and hence managers getting more salary. It's for the risk that they're taking.
I'm in now way speaking for or against this huge remuneration.
It worries me how these leadership positions gladly accept a pay hike regardless of cash or stocks, while they are the one's deciding to axe other's job even with upwards revenue.
What risk are they actually taking? Would they be homeless and helpless if fired? They are already millionaire or billionaire.
The reports earlier suggested he will take a paycut but he is getting a hike after all. What changed? No leadership wants to own up their mistakes.
I think the paycut was about his cash component, not stocks. And yeah it's unfair but we can't do anything about it :/
Here is one more where the CEO gave herself a 10x hike 🤷🏻♂️ https://www.moneycontrol.com/news/trends/sacked-zilingo-ceo-ankiti-bose-gave-herself-10x-salary-hike-without-approval-report-10464141.html
Been reading about her since last year. Looks like she did some fraudulent stuff and gave false numbers to investors. On the other hand she's accusing investors that they want her to step down because of their own self interest and take away her company
Management always wins, even if they burn a company to the ground
Stock is at an all time low and this dude gets more money. Fml