A company needs to be valuable today with growth investments that can make it more valuable over time. That is what a stock valuation is. If Zuck had raised bonds or sold his stocks & funded his Meta madness, then he could have used the current cash flow into improving the operations of the current business, improve the margin & manage business threats to maintain the market position. He is definitely a kid without any adult supervision at this point.
The pay is still good, if not great. My salary is approximately the same as total comp at my previous job. Even with the stock down around $104, my total comp is still some significant chunk better than previous comp (20-30%). (I'm an IC5 SWE.)
It will eventually be a problem (in the sense that switching to GOOG or AMZN will be a much better prospect) if the stock continues to go down, of course. And a new hire evaluating their stock package should probably be a little concerned about the trend.
The infrastructure to support you getting your work done is great. There are reasonably interesting software problems to solve. There are smart people to work with. There are some good benefits.
I made it through the on-site only to hit the hiring freeze. It’s a well paying remote job even factoring in stock depreciation, moderately interesting work, and I’d happily spend zuck’s money on VR goggles no one needs until it all implodes.
How will zuckerberg make his employees work hard when the stock market keeps killing their motivation? Or those 70K+ are mercenaries of his madness? I think he should be replaced by a mature CEO who can balance growth & value (like other tech companies)
From a recent Bloomberg article: Wealth of bottom 50% doubled between 2020-2022. Top 1% rose significantly. While the remaining 49% didnt budge much. Interpret it for your supply chain concerns.
The bottom 50% own very little. Home ownership rates in the USA are like 65% and poorer people are less likely to own their homes.
So the answer is likely, a negligible amount. The increase in wealth among poorer people was most likely driven by stimulus money and a bit due to wage increases (which also favored the poor).
2009. Thats how "growth" came from last decade & half. People never realized that & majority will never. Stocks/Home prices will keep going up to infinity crowd thinks its a hoax.
I am amazed by so many who are defending Musk for his actions. I hope they would consider working for him in one of his companies & enjoy a life of subordinateship. Afterall Musk needs such workers - smart, hard working & yet someone who doesnt question him. I think dictator is the nearest term for it in the dictionary?
About 1/6 of the pay comes from his pocket, since he owns about that much of the company.
> He may be founder & CEO. But he is an employee as much as those five.
His main relationship to Tesla is as it's controlling owner, not an employee, though, yes, he's also an employee. That's pretty different from every other employee.
Sorry, pls explain me this business logic. 1/6th is his ownership which is mostly tied to stocks. The pay comes from liquidity(arising from sales, selling bonds & any additional stock dilution from the organization) Unless I am completely misinformed about how business accounting works. Ownership doesnt pay unless they sell their stocks to pay(which he did through raising funding through stock hypothication in the past)
Right. Now that most of us in public know how he thinks & acts, we still believe that the president of the company took action on her own. Since "union" is being supported by the socialists, employers are crushing any organization attempts, thats all.
After having worked for very long time(compared to people who wish to become managers just few years into the job) as a SDE & being managed by many different style of managers, I have found poor managers mostly are failed up engineers or those coming from non engineering background. Also, the tech rush has brought so many "managers" from outside the US who not only lack real management skills, but dont adopt to the US management style. I really worry for the future of the silicon valley if these sort of mediocre managers start to manage high performers in top tech companies.
