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Dan Fradkin

Dan Fradkin

  • Just look at who is running Google, Microsoft & Tesla just to name a few. Add to this the countless immigrant entrepreneurs who founded WharsApp and so many others. I’m paraphrasing Tom Freedman of the NYT “ We should be stapling H1B visas to the Diplomas of engineers , mathematicians and scientists

    Just look at who is running Google, Microsoft & Tesla just to name a few. Add to this the countless immigrant entrepreneurs who founded WharsApp and so many others. I’m paraphrasing Tom Freedman of the NYT “ We should be stapling H1B visas to the Diplomas of engineers , mathematicians and scientists. What is so poorly understood is that engineers don’t TAKE jobs, they CREATE jobs. Tragic, short term thinking that will squander US leadership in so many areas of tech.

  • @Max Average might be $300K but I bet the top 5% has as much wealth as the bottom 95%. In a case like this the mathematical average can be misleading. The MEAN is probably much lower -$50-100K.

  • I believe the ratio is somewhat high, say 200:1 around the world for CEO to median worker pay. In the US that ratio is nearly 700:1. Stock as compensation is not an excuse because a) stock grants are expensed so they have a direct cost to the company b) shares could easily be distributed up and down

    I believe the ratio is somewhat high, say 200:1 around the world for CEO to median worker pay. In the US that ratio is nearly 700:1. Stock as compensation is not an excuse because a) stock grants are expensed so they have a direct cost to the company b) shares could easily be distributed up and down the company so that there were more stakeholders who profit from company performance. Finally for every CEO like a Steve Jobs or Jeff Bezos who transformed the world and “ deserved “ outsized compensation, there are plenty who are turning in average performance and just fleecing the company and the shareholders.