So all the C-Suite is taking a pay cut, right?
this post was submitted on 03 Apr 2024
149 points (98.1% liked)
Technology
59696 readers
5278 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
Sure, they are lowering their pay with .50%
Not to say that it's a sufficient penalty for the C-suite, but their compensation packages generally consist of stock options in the company, meaning that the share price decline following unexpected negative events translate into a large pay cut for them.
Then they'll fight for more stock later to be "made whole."
Ha... Haha... Hahaha... AHAHAHAHA
They got a $10B injection from Uncle Sam
The complexity and price of modern chip production is insane.
- Hey I'd like to make computer chips. 😋
+You will need a lamp for that. 🤔
-OK how expensive could it be? 🫡
+$150 million for one lamp, take it or leave it! 🤑 - 😬
It's amazing that the result of this level of technology is available to consumers in the form of for instance smartphones. They really are a modern wonder.
They are basically magic, but as soon as it takes three seconds to load an app we are all like, “this piece of junk!”
Well I'm 61, and once you had to go to the library for information. You had to carry either bulky maps (books), or inconvenient fold outs, If you wanted a map of where you were. If you wanted to use a phone, you'd have to go home and use the landline, or use a phone-booth.
The Smartphone allows you to see the position of GPS satellites above you. And have your position pinpointed in seconds, with detailed maps, that span the world if you want to. And the ability to call is from wherever you are whenever you wish is probably taken for granted by most now.
The camera of a modern budget phone is way better, than when we used film, that was expensive and took time to get developed on paper.
The ability to record good quality movies is total SciFi for a child of the 70's, where 16mm was hot, and most couldn't afford it! Now phones even have stabilization, and way better color reproduction, and better light and resolution, so much better any comparison is laughable. My phone can even take 960 FPS slow motion!
The motion sensors are based on Quantum Dynamics, in itself a crazy high tech solution, that reside in $1 components!
Internet everywhere, and a selection of apps that is the envy of any other system, music and movies available either from storage or the net. Integration of these technologies that were almost impossible before smartphones, like Stellaris, that knows your position, and allows you to just point at the sky, to see what stars are there.
And all these technologies have come together in smartphones mostly since 2007! Only 17 years compared to a lifetime of 61 in my case. 😀
There is nothing currently comparable to smartphones IMO. Not even LLM. And it's available for average consumers.
We have genuine, honest to God miracle super computers, and we use them to look at cats online. God bless our species.
We're a species that roughly sprouted up 300,000-400,000 years ago. We've only had this sort of technology and insight for less than half of a percent of that time.
By all measure, we're still just dumb apes for the most part. One nice thing is that our brains do seem to be getting bigger over time!
We can look at cats wherever and whenever we want to, and still there are people who are not happy. 😋
I will not be happy until cats can look at us wherever and whenever they want to.
also feet pics.
the app is the piece of junk for taking so long to load on an incomprehensibly fast processor
Intel certainly has a history of bad behavior, but I wish them luck with this pivot to chip fabrication.
I have AMD stock, and still I want Intel to be competitive on production, because monopoly is bad for everyone.
They found a spare 25 billion to inject in countries committing Genocide
https://edition.cnn.com/2023/12/26/tech/intel-israel-investment/index.html
Ewww