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The light inside is broken, but I still work. The Cadillac of online bookmarking sites. Alleged nocoiner. http://pinboard.in  maciej@ceglowski.com +1 415 610 0231

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    1. Laurence Dodds  🌖‏Verified account @LFDodds 13 May 2019

      Why are Silicon Valley companies so socially irresponsible even though they are staffed by idealists? One rarely discussed reason might be their massive stock compensation packages, which incentivise employees to work against their leaders' promises.https://www.telegraph.co.uk/technology/2019/05/02/uncomfortable-truth-pay-silicon-valley/ …

      2 replies 36 retweets 83 likes
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      Pinboard‏ @Pinboard 14 May 2019
      Replying to @LFDodds

      This otherwise appealing theory doesn't explain why it's the leaders who work against their own promises. The dynamic in tech companies is not that a virtuous leadership gets undermined by venal employees because stock. It's that the worst behavior is consistently at the top

      11:18 AM - 14 May 2019
      • 7 Likes
      • petra’s dépanneur pixel Jonathan Evans john henry Sandro Hawke Brian T. Rice David Moisan saw
      2 replies 0 retweets 7 likes
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        2. Coastsider‏ @bglazebrook26 14 May 2019
          Replying to @Pinboard @LFDodds

          I'd agree with this - I've worked on sustainability/CSR issues at tech companies for >10 years and never saw compensation as inhibiting good behavior. The problem is that, despite what they say, SV companies are still companies, and at that scale 💰>morals.

          1 reply 0 retweets 0 likes
        3. Laurence Dodds  🌖‏Verified account @LFDodds 14 May 2019
          Replying to @bglazebrook26 @Pinboard

          Sure, I don't mean to let leaders off the hook, as they are consistently pretty ruthless. I don't think stock is the only or even necessarily the biggest problem (corporations gonna corporate). Just a bunch of people have told me it is one of them!

          2 replies 0 retweets 0 likes
        4. Show replies
        1. Coastsider‏ @bglazebrook26 14 May 2019
          Replying to @Pinboard @LFDodds

          One thing I DO think equity compensation has screwed up is the housing market- kids get a shitload of stock, have no family/need for savings, and decide to 'invest' in the hot housing market. Most don't need/want a house, but they pay all cash and up tightening the market.

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