Re:Former Google CEO Eric Schmidt's Leaked Stanford Talk
by roncesvalles on Friday August 16, 2024 @04:21AM
(#41264341)
The incentives in finance are remarkably well-tuned to rewarding employee effort. Make the company 300k? You get 30k. Make the company 300 million? You get 30 million.
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Re:Former Google CEO Eric Schmidt's Leaked Stanford Talk
by meiraleal on Friday August 16, 2024 @05:15AM
(#41264649)
That seems so easy to game. Do some small change that brings short term gain, bag the profit and let the rebound be the failure of another team.
Re:Former Google CEO Eric Schmidt's Leaked Stanford Talk
by arethuza on Friday August 16, 2024 @05:51AM
(#41264848)
Doesn't that pretty much describe the 2007-2008 financial crisis?
Re:Former Google CEO Eric Schmidt's Leaked Stanford Talk
by 1over137 on Friday August 16, 2024 @07:19AM
(#41265273)
And every such crisis before it, and the next one too.
Re:Former Google CEO Eric Schmidt's Leaked Stanford Talk
by throwaway7ahgb on Friday August 16, 2024 @09:03AM
(#41266038)
The crisis was 07/08, but the buildup was almost a decade in the making, does that count as short term?
Re:Former Google CEO Eric Schmidt's Leaked Stanford Talk
by blibble on Friday August 16, 2024 @07:45AM
(#41265443)
the law in the UK is that material risk takers bonus pay over a certain amount (couple of hundred thousand) is deferred over 3-5 years and can be clawed back
Re:Former Google CEO Eric Schmidt's Leaked Stanford Talk
by sbarre on Friday August 16, 2024 @07:20AM
(#41265284)
Maybe the profit share is earned out over time? Otherwise I would agree with you..
Re:Former Google CEO Eric Schmidt's Leaked Stanford Talk
by throwaway7ahgb on Friday August 16, 2024 @09:02AM
(#41266033)
If you think it's easy to game 30M in short term revenue, please try to do that in a large firm.
The risk/compliance teams would be interested in your strategy.
Re:Former Google CEO Eric Schmidt's Leaked Stanford Talk
by meiraleal on Friday August 16, 2024 @12:59PM
(#41268180)
I'm a socialist/anarchist, they would never give me that opportunity :)
Re:Former Google CEO Eric Schmidt's Leaked Stanford Talk
by fooker on Monday August 19, 2024 @10:18AM
(#41291257)
You could try this overall strategy in the stock market and see how it works out ;)
Re:Former Google CEO Eric Schmidt's Leaked Stanford Talk
by c0mbonat0r on Friday August 16, 2024 @04:46AM
(#41264499)
how do swe get into finance?
Re:Former Google CEO Eric Schmidt's Leaked Stanford Talk
by nmfisher on Friday August 16, 2024 @05:51AM
(#41264845)
I see quite a few SWE jobs here in Singapore in finance, mostly realtime C++ order management. If the advertised salaries are real, they're very well-paid (300-700k USD, plus bonus).
Re:Former Google CEO Eric Schmidt's Leaked Stanford Talk
by throwaway7ahgb on Friday August 16, 2024 @09:03AM
(#41266048)
First step, understand what Finance means in the scope of technology work.
Re:Former Google CEO Eric Schmidt's Leaked Stanford Talk
by c0mbonat0r on Saturday August 17, 2024 @02:47AM
(#41272494)
i dont have a clue
Re:Former Google CEO Eric Schmidt's Leaked Stanford Talk
by fooker on Monday August 19, 2024 @10:21AM
(#41291288)
The path of least resistance is to become a well known C++ or systems guru.
This can be done by contributing substantially to the language standard, a compiler, etc etc.
Or you could learn COBOL!