It's sad and repulsive that there are people with such a cultish devotion to capitalism that they admire this behavior and culture.
Well run companies do all nighters, and aren't so cultishly devoted to a "work life balance" that implies 4 hour workdays on slack.
Well run companies also understand sustainability. Max effort will need to be demanded to exceed current capacity, but it is important not to rely on it as a crutch to get past poor design, poor process, or other management misfires.
This is something games are seeing now, most of the industry luminaries cut their teeth in an era where the whole game fit on one disk. They assume that the weekend long anger coding to bash that one bug is the same as what they're asking their company to do.
Well run companies have adequate resourcing so that staff don't need to work all night
Think of the holidays for retail - do you pay 2 to 3x the employees year round to support the November to December shopping season?
If you did that, you would be very silly.
Conditions will frequently demand that an "adequately resourced" company has to run overtime to take advantage of an opportunity, beat a competitor to a new feature, or other such situations. This happens all the time.
I made the comment about slackers because having moved from retail to military to tech, the amount of privilege shown unironically by tech employees on "crunch" is borderline unbelievable.
I think there's a valid point hidden in your insane comment: there is a competitive advantage to abusing your staff, so it's really up to governments to force companies not to. Things like reasonable holiday allowance. Good statutory sick pay. The EU working time directive (which was sadly made optional but it at least set the tone).
All of that is missing in the US which is presumably why companies there don't hesitate to push people as hard as they want.
That’s actually the law in some countries. It’s not really enforced much, but the idea is that you have a weapon to sue your company if they prevent you from taking 2 weeks off once a year.
I don't think the people that are successful working close with Elon Musk are the type that need constant validation. In my experience of having occasional day-to-day interactions, he's awkward but means well. He's just laser focused on solving problems, and it never stops. Sometimes the solution is to pay for an employee's laser eye surgery on a whim. Sometimes the solution is to fire a dozen people.
Are you specifically asking about financial compensation? There was the occasional token salary bump, bonus or stock option grant. Nothing to get too excited about. We would all laugh/cry about getting 0.7% raises and then go to the bar. I was never concerned about the details of my compensation while there, and I didn't spend any energy worrying about it. I just focused on making space ships. Financially and career-wise, it's embarrassing how positively fruitful my time there was. By far the best choice I could have made coming out of school.
Taking a year of parental leave is just a normal thing in most developed countries.
There's also secondary markets, where people are willing to pay a premium for any shares they can get their hands on. That's not in the company's best interest, though, and so it is discouraged.
I believe Elon needs SpaceX to be incredibly profitable in order to fund his Mars ambitions. I think his point is that the company's finances are a means rather than an end?
I'm not bragging about paternity leave, I was responding to the parent post's claim that I sacrificed quality family time and would regret it. The opposite is true; my time spent working there has had a compounding effect on my finances and career opportunities. I've had the luxury of working on my own terms for many years, on meaningful projects intrinsically worth my time. My memories of working at SpaceX grow fonder with age.
* someone posts the picture of a coworker sleeping in the office at twitter, saying "that's how things work at elon twitter"
* sleeping coworker replies "yeah we're awesome we're doing great things, hashtag SleepWhereYouWork"
* Former Github and Xamarin CEO comments "yeah that's how we do it in the Silicon Valley!"
* Former Xamarin CTO says "Duh at Xamarin I left every day at 5PM to set the tone of the company about work life balance, and people followed my lead"
Edit: fixed some stuff as for the following comments