The easier the job, the more money you make
Have you ever thought, such as the CEO of eBay, just said: Write a website to buy and sell stuff and mooch money from it and he earns $100 billion and the CTO and VP define this and that (the devil is in the details) and they earn $10 billion and the manager just describe something, talk and talk and they earn $10 million and the full time employees may start the first 10% of the project and they earn $5 million and the contractors wreck their brains to actually implement the remaining 90% (again, the devil is in the details) and they earn $200k And if we rewind, the simplest one is from the founder or CEO, who just said write the website to buy and sell and mooch money, and they get $100 billion. But then some people will say: why don't you be a CEO then? But their job may be to socialize with the rich people or venture capitalists and involves socializing and going to the nightclubs, which is quite a different job. TC: 350k
If you think it’s easy then do it. Go say something and just make it happen
I suppose for each Facebook that made it, there are also the eCircle and eGroup that failed... but it depends on ... "luck"?
Privilege gives an advantage. If you weren't born in those niche circles, you don't have insider access and knowledge.
It’s not about saying but knowing what to say to whom and when…contractors deliver on well defined tasks.. solving ambiguity matters.
Ok but… Nightclubs?
sort of like Michael J Fox's movie "The Secret of My Success"
Huh?
Tell me you’ve never led a team without telling me you’ve never led a team?
I went to eat breakfast without telling you I went to eat breakfast
With great power comes great responsibilities. It is not as easy as it looks.
sundar has entered the chat
I know someone who works with a SVP at a large public non-tech company. The SVP makes around 1.5M TC (the TC is just a guess). The amount of things he is responsible for are mind numbing. I wouldn't last a year in that position.
Not Warren Buffett or Peter Lynch said... sooner or later it will be run by idiots
Have you considered buying a company or a merger? Thats what i thought
exactly. I am buying $200 of Apple and Google each day. That is a slice of the business rather than stocks as I see it. When you cannot beat the guys holding the whip to force you to build the pyramid, then just invest in them and own part of them
Thats not how it works buddy. Individually, your value is $200 out of billion dollars. Basically nothing
Who has more of an effect on the entire company? The guy coding a button, or the guy deciding how to market across multiple countries?
if you say coding a button, that sounds dumbing it down all the way. But if you say, how to write the whole eBay or Facebook or Google Docs in an Object Oriented way in JavaScript and Python, well, it is not like "coding a button". But I have seen Apple spent $350k to hire a full time to code the button (or $50 million for a "UI Design VP"), while the $200k contractor is to write every Object Oriented component in JavaScript to interact with each other and 55 test cases for each component to guard against bugs.
The point is if the button coder messes up, it's just a simple issue. If the multi-nation marketing CEO messes up, it could potentially cost thousands of jobs.