Nvidia Employees Too Rich to Work

16 points by sarimkhalid 1 year ago | 10 comments
  • just-ok 1 year ago
    Alternate title:

    > Employees that spent many years contributing to a company that rewarded them with stock are enjoying the fruits of their labor.

    • paulddraper 1 year ago
      Your article is about retirement.

      This article is about something different.

      But I would still like to read yours FWIW.

      • marcusverus 1 year ago
        If you're drawing a salary and failing to pull your weight, you aren't "enjoying the fruits of your labor"--you're enjoying the fruits of someone else's labor, namely the people who are picking up your slack.
      • mwigdahl 1 year ago
        • olliej 1 year ago
          Wait, so now we're saying stock based compensation is bad? does that mean we'll stop giving executives stock based compensation?
          • AaronM 1 year ago
            No, just the non-executives.
            • grotted 1 year ago
              One can dream.
              • olliej 1 year ago
                Since when has stock based compensation ever cause misaligned incentives or negative externalities? :D
            • jokethrowaway 1 year ago
              Great problem to have.

              Probably the key players that contributed to key decisions made 10x the middle managers and that's what drove them to success. I'm also inclined to think those people are already busy on the next big thing (in nvidia or somewhere else)

              It sucks to see middle managers who contributed little being rewarded but that's almost inevitable in a large company.

              Maybe the next nvidia will learn the lesson and allocate more stocks to key players and less to drone employees - and maybe just have less middle managers all together.

              • pfannkuchen 1 year ago
                I see the term “rest and vest” used in the media a lot for a scenario that doesn't align with my understanding of the term.

                Here the article says that long time employees who are coasting are doing “rest and vest”.

                But, I always thought this referred specifically to employees of a startup after being acquired by a big company. Like, they worked hard pre acquisition, and after the vesting period is over they will go to another startup, but in between they “rest and vest”.

                • 1 year ago