No. of Recommendations: 1
a third (and fourth) possibility: management wants to incentive its people
.......... It is the people who work for the company who actually produce wealth using that capital, so giving them a piece of the action doesn't seem insane to me.
BRK paying Greg $25M in cash ... He's worth it
Thatīs how capitalism works, right. But while not insane it gets ever more immoral for me.
Latest example is what an SAP Insider just told me: The many IT oldtimers here are familiar with Hynix. He told me they have full order books for many years to come, using their power in a very thin market for longterm contracts with customers who need their chips.
What he then told me shocked me: Hynix totally depends on their very best developers, around 300 core employees. He asked what I think they earn per year. Me: "$10 Million?". He replied Hynix gave them 10-year contracts paying $650 Million. Me, shocked: "$650 Million over 10 years?". He: "$650 Million per year". That was 2 days ago and my mind now refuses to accept that he really said that, thinks I might have misunderstood (though it was in German, my mother tongue).
And he added that Google (or another company? I was too shocked to really listen to his words) followed with $450 pay packages for their core developers.
If even half true (I know that insider well, know that he doesnīt tend to joking when it comes to such) modern area capitalism is obscene beyond words.
