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A comment on CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft. Parent comment

Re:CEOs’ pay climbed before layoffs at tech giants like Alph... by crazygringo on Saturday August 05, 2023 @07:28PM (#37017269)
To be clear, it's an accounting artifact, NOT what he actually makes per year -- as the rest of the sentence might clue the reader into:

> which marked a staggering 3,474% increase from the previous year

For whatever reason, Google pays their CEO using a "triennial" stock award. It vests over 3 years.

So just to be accurate, his yearly compensation is more like $75 MM. Still obviously a lot of money for anyone, but now a number that actually makes sense to compare with other CEO's.

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Re:CEOs’ pay climbed before layoffs at tech giants like Alph... by thomasahle on Saturday August 05, 2023 @07:44PM (#37017385)
> So just to be accurate, his yearly compensation is more like $75 MM.

But do you know he doesn't get a new "3 year vesting stock award" every year? It seems like he was paid 3% less the year before.

That's normally the approach with vesting schedules like this, to stagger them, so there's never a "good time point" for him to leave.

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Re:CEOs’ pay climbed before layoffs at tech giants like Alph... by TearsInTheRain on Saturday August 05, 2023 @07:55PM (#37017458)
CEOs at his level dont just leave on a whim. They have multi year transition plans.
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Re:CEOs’ pay climbed before layoffs at tech giants like Alph... by gmerc on Saturday August 05, 2023 @09:07PM (#37017927)
lol.
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Re:CEOs’ pay climbed before layoffs at tech giants like Alph... by crazygringo on Sunday August 06, 2023 @09:57AM (#37021964)
Because you can look it up, he doesn't.

That's the approach with rank-and-file employees, but not with the Google CEO, for whatever reason.

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