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colmmacc's profile
Colm MacCárthaigh
Colm MacCárthaigh
Colm MacCárthaigh
@colmmacc

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Colm MacCárthaigh

@colmmacc

AWS, Apache, Crypto, Irish Music, Haiku, Photography

Seattle
notesfromthesound.com
Joined April 2008

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    1. Daniel Vassallo‏ @dvassallo 16 Apr 2019
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      Replying to @colmmacc @QuinnyPig @_msw_

      You don’t own the company if you can get fired & don’t control what you work on or how much you get paid. Employees can act as owners without deluding themselves that they’re the owners. Getting paid with RSUs has absolutely nothing to do with ownership or acting like an owner.

      1 reply 0 retweets 10 likes
    2. Colm MacCárthaigh‏ @colmmacc 16 Apr 2019
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      Replying to @dvassallo @QuinnyPig @_msw_

      We do own the company as shareholders. Ownership and control are not the same thing. Even majority owner founders can be fired, and don't really "control" their worth. Control is fleeting and illusory in life, we all achieve more through collaboration and compromise.

      1 reply 1 retweet 4 likes
    3. Daniel Vassallo‏ @dvassallo 16 Apr 2019
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      Replying to @colmmacc @QuinnyPig @_msw_

      Ownership *is* a state of control. There’s nothing wrong with not owning the place of work, and acting as an owner when you’re not is a noble thing to do in every situation (at work, 🏠 renting, etc). But company messaging that we’re all owners and one big ol’ family is just BS.

      2 replies 0 retweets 1 like
    4. Colm MacCárthaigh‏ @colmmacc 16 Apr 2019
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      Replying to @dvassallo @QuinnyPig @_msw_

      If control is necessary for ownership - how do you account for partial, shared, or communal ownership of any kind with that world view? What about the intangible? The law says I own the songs I write, but I can't control them, do I own them then? are they mine?

      1 reply 0 retweets 0 likes
    5. Daniel Vassallo‏ @dvassallo 16 Apr 2019
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      Replying to @colmmacc @QuinnyPig @_msw_

      A shareholder of a public company is an owner of the share, and has full control over that share. What’s owned is different than “the company”. Same with other more complex/partial ownership systems. What is it about your songs that you don’t control?

      1 reply 0 retweets 1 like
    6. Colm MacCárthaigh‏ @colmmacc 16 Apr 2019
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      Replying to @dvassallo @QuinnyPig @_msw_

      If 3 people have 33% each, no-one owns the company? Take a look at the the word 'share'. With songs: anyone can record or play a song I write. They do have to pay me a royalty, but I can't even set the price, I have no say. That's the law.

      1 reply 0 retweets 0 likes
    7. Daniel Vassallo‏ @dvassallo 16 Apr 2019
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      Replying to @colmmacc @QuinnyPig @_msw_

      Each person owns one-third of the company, which is different than “the company”. Partners say they’re co-owners, not owners. They specify the co- for a reason. Also, RSUs are not shares. They’re just a salary form that’s convenient for public companies. I looked up ownership:pic.twitter.com/7QFrMcYmnx

      1 reply 0 retweets 0 likes
    8. Colm MacCárthaigh‏ @colmmacc 16 Apr 2019
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      Replying to @dvassallo @QuinnyPig @_msw_

      *rolls eyes* :-) When you have to go to an encyclopedia because the dictionaries don't link it to control ... maybe stubbornness is a factor ;-) Come off of it! Our RSUs absolutely become shares, and 401k contributions are AMZN shares too, and they come with votes!

      1 reply 0 retweets 0 likes
    9. Colm MacCárthaigh‏ @colmmacc 16 Apr 2019
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      Replying to @colmmacc @dvassallo and

      Also co-pilots aren't pilots! I can't even.

      1 reply 0 retweets 0 likes
    10. Daniel Vassallo‏ @dvassallo 16 Apr 2019
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      Replying to @colmmacc @QuinnyPig @_msw_

      Getting paid $100K in cash vs $100K worth of RSUs makes absolutely no difference towards ownership. If you got the RSUs and chose to keep the shares, you’re no different than those that got the cash and bought the stock themselves.

      1 reply 0 retweets 0 likes
      Colm MacCárthaigh‏ @colmmacc 16 Apr 2019
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      Replying to @dvassallo @QuinnyPig @_msw_

      That's not our model. Our model is different than in at least two very important ways. Firstly: we are granted stock in vesting schedules and the future value of that grant may go up or down. That aligns our personal incentives with the collective ...

      9:52 PM - 16 Apr 2019
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Colm MacCárthaigh‏ @colmmacc 16 Apr 2019
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          Replying to @colmmacc @dvassallo and

          it's in our interests to see the whole company, all of our colleagues, succeed, over a period of years, and not just our own little narrow part of it. This is idealistic of course, and our influence can be small, but I think it matters and promotes cohesion.

          1 reply 0 retweets 0 likes
        3. Colm MacCárthaigh‏ @colmmacc 16 Apr 2019
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          Replying to @colmmacc @dvassallo and

          Secondly: RSUs become shares and our 401k gets stock and that means we have votes and a say. It's not a majority, and it's not as much worker-ownership as I'd prefer to see (like a true cooperative), but it's significant. Colleagues are using those rights to submit petitions!

          1 reply 0 retweets 0 likes
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