Re:There’s no such thing as “a startup within a big company”
by CobrastanJorji on Thursday February 18, 2021 @01:00PM
(#26183203)
I recall reading somewhere that Waymo had retention problems due to many of the early engineers were given so much money that they simply no longer cared to work. I don't know how true that is, but I believe it.
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Re:There’s no such thing as “a startup within a big company”
by ssk2 on Friday February 19, 2021 @11:06AM
(#26194544)
The Verge reported on this [1] in 2017-
> Bloomberg says that early staffers “had an unusual compensation system” that multiplied staffers' salaries and bonuses based on the performance of the self-driving project. The payments accumulated as milestones were reached, even though Waymo remains years away from generating revenue. One staffer eventually “had a multiplier of 16 applied to bonuses and equity amassed over four years.” The huge amounts of compensation worked — for a while. But eventually, it gave many staffers such financial security that they were willing to leave the cuddly confines of Google.
[1] https://www.theverge.com/2017/2/13/14599186/google-waymo-sel...