If gurufocus is to be believed, he owns approx 1.76M shares. GOOGL closed at $98, up $5 today. Not bad for causing more hardship and pain on a +$100B reserve balance.
by ajaimk on 1/21/23, 1:17 AM
Every googler who got laid off today that owns google shares made the same % in earnings today. This doesn’t matter.
The goal is to increase shareholder value. And most of the increase today was due to macro market trends and not due to the layoffs (everything went up today)
by gernb on 1/21/23, 1:23 AM
Just off the cuff guessing but 12000 people cost $1.2 to $4.8 billon a year
Google has 180k people, minus 12k = 168k. That means their burn rate is 16.8 to 84 billon a year
I'm speaking out of my ass because I don't know the average salary and overhead of a google employee but the low numbers assume $100k a year no zero overhead.
Please check my math
12000 * $100k = 1.2 billon
168k * $100k = 16.8 billon
by danielvf on 1/21/23, 1:19 AM
If we follow the assumption that he is responsible for this stock movement, then he made 8 million dollars today and yet made investors 27,000 million dollars - creating 3,300x more value than captured.
by khazhoux on 1/21/23, 1:19 AM
You're mixing issues, though. He (and other CEOs, and other execs) will make a shit-load of money for very little "hard work" every day of the week, even while making bad or terrible decisions. There was nothing ever "fair" about exec compensation, if that's what you ever hoped to find.
by kypro on 1/21/23, 1:17 AM
GOOG employees also made a crap ton too as GOOG's stock based comp is very generous.
by metadat on 1/21/23, 1:17 AM
They are unrealized gains, but yeah, his net worth increased 20,000x more than the average comfortable SV tech worker today.
This is $666.666 repeating USD per person laid off from $GOOG. Make of that what you will.
Seems like a lot.
by JimtheCoder on 1/21/23, 1:37 AM
Am I the only one surprised that he only owns 1.76m shares?
I assumed it would be more...
by tinktank on 1/21/23, 1:16 AM
More, after taxes than most people will make pre-tax in a lifetime. What a time to be a CEO.
by fxd123 on 1/21/23, 2:31 AM
Ok. And?
by numinary1 on 1/21/23, 1:45 AM
Large companies’ CEOs need to be wealthy in order to be in the club with others whose influence might matter. Wealth == Power.