Toxic culture is driving the great resignation

Re:Toxic culture is driving the great resignation by UncleMeat on Thursday January 13, 2022 @11:32AM (#29922687)

It doesn't just require changing roles. People making 140,000,000 annually are basically only the founders of the very largest tech companies. CEOs of the very largest tech companies will get stock grants in the nine figures on occasion, but not annually. No staff engineer who changed jobs every three years for three decades is making nine figures.

So yes, if you start as a junior engineer and end your career as a CEO of one of the most successful companies on the planet then you can see this growth. But those aren't regular raises for doing good work. Those are completely different pay strata for completely different jobs.

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Re:Toxic culture is driving the great resignation by Retric on Thursday January 13, 2022 @01:08PM (#29924290)

I agree, anyone who thinks 9 figures is likely would have to be smoking something. But, failing to reach the absolute top number possible is hardly failure. Last year over 4,000 Americans made 10+ million in direct W-2 compensation Aka not stock options or capital gains etc.

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Re:Toxic culture is driving the great resignation by oblio on Thursday January 13, 2022 @01:31PM (#29924632)

4 000 out out 330 000 000. So 4 out of 330 000. That's a bit more than 1.2 every 100 000.

Good luck with those odds!

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Re:Toxic culture is driving the great resignation by Retric on Thursday January 13, 2022 @01:42PM (#29924788)

Lifetime odds don’t work like that.

That’s just last showing years W-2. Someone that made that much but retired in 2019 doesn’t count. It also excludes anyone that will cross the threshold at some point in the future. It even excludes people that got stock options worth that much but can avoid calling them taxable income right now.

Lifetime odds for a random American might be ~1:10,000. But not everyone tries to make that much money from a W-2 either. Becoming a school teacher is hardly putting your hat in the ring for that kind of compensation. Which arguably drops lifetime odds closer to 1 in 1,000 if not better for people that make a real attempt. I am trying to avoid any kind of truss Scotsman argument, but IMO there is a meaningful difference between random chance and stuff people work for.

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