News for hackers. Stuff that matters.
Re:No Thank You, Mr. Pecker by toomuchtodo on Friday February 08, 2019 @12:24AM (#19111764)
It's easy (and fun!) to go down the rabbit hole philosophically.

Does Jeff deserve billions of dollars more than the hundreds of thousands of Amazon employees who have collectively built the company? Are their fruits of their labor worth so much less than his, regardless of Jeff's hard business decisions and many more hours per week worked, simply because of how equity is constructed and distributed? Jeff has clearly spent over 20 years building his company, nights, weekends, missed time with family he'll never get back, but can you point to the decisions worth hundreds of millions of dollars to Jeff alone?

Value, its attribution, and its equitable distribution is hard, and executed in an imperfect fashion.

Re:No Thank You, Mr. Pecker by sytelus on Friday February 08, 2019 @12:36AM (#19111811)
In capitalism, rewards are proportional to how much capital you have (either your own or borrowed), your efforts are minimally material.
Re:No Thank You, Mr. Pecker by toomuchtodo on Friday February 08, 2019 @12:38AM (#19111822)
But capital alone is no indicator of ownership interest grants (see: advisors or key employees who are granted equity for their contributions [1]).

Rewards in capitalism are to those who can convince others of value provided in exchange for an equity interest; capital is only a small part of that. Lots of equity is sweat equity!

[1] https://en.wikipedia.org/wiki/Sean_Parker#Facebook