Lol nvidia CEO couldn’t do my job for an hour.
I am absolutely confident that I could do his job for an hour.
The empty chair in his office does his job just as easily, too.
You can tell me all about the meetings and deals they have to worry about but ultimately, by the time a company gets that large, it could run itself without a c-suite for quite some time.
This must be the 10th time I comment this on Lemmy and you might already know this, but:
The reason a CEO gets paid what he gets paid is not because of the value he adds to the company (as you pointed out, anyone could do the job), but because when the company fucks up (whether due to his decisions, or those of the board, or just anything, really), he takes the fall so the company can keep on doing whatever shady shit they’re doing and the board can act like they had no idea what was going on.
The reason a CEO gets paid what they get paid is that they also sit on the boards of other companies and vote for the compensation packages of their CEOs, who also sit on the board of the CEO’s company. It’s literally a circlejerk.
That helps, but largely the boards consist of major shareholders, or people that the shareholders have elected to be there.
The board, representing the shareholders, needs to make sure the company maximizes shareholder value above all else. They steer the company in very broad strokes. But if the company does something illegal or highly unpopular, the board members want themselves, the shareholders and the company in general to be as insulated as possible. So the CEO is a sacrificial lamb who either resigns or is fired, and takes the golden parachute. The idea is that the CEO was at fault and everything’s gonna be better now (no it’s not lol)
And what kind of job do you think those shareholders do?
They are CEOs of other companies.
Being a CEO and being a shareholder have nothing to do with each other.
The truly rich, AKA the major shareholders, aren’t going to bother with a job, unless running their own company (probably the one they’re the major shareholder at).
Then the big institutional shareholders (Blackrock and the like) invest other people’s money - people like you and me.
Only a minority of shareholders for any given company, are CEOs at other companies.
It’s still a club for the ultra rich and we ain’t in it. I’m just saying that your average CEO is set up to be a scapegoat for even richer and shadier people (while still very much not being one of us working class citizens)
Hour to hour and day to day that’s probably true. But, nVidia is actually an example of a company where their leadership made some smart decisions decades ago by understanding their market extremely well and correctly predicting what was going to be happening in the industry 5-10 years down the line. For example, he went all in on CUDA almost a decade before the AI went mainstream, and because of that decision, nVidia is the biggest company in the world today.
I would bet that if a major decision came up and you had to decide whether or not to go all in on X, you couldn’t actually do his job.
Very large companies run themselves by inertia alone… until the c-suite fucks it up trying to make more money.
Nvidia CEO couldn’t do my job for an hour, and I work in tech
I never even had a manager who could do my job, let alone a CEO.
Poor guy doesn’t even have time to take in a Coldplay concert!
Where does he have his affairs then?
In the executive suite bathroom.
Like the minions? No. He does it in the executive boardroom. Even when he’s having an affair, he still working. You know. Giving presentations and, uh, stuff.
lol success? Like like self abuse and self slavery.
Thinking about work is not the same as working. Maybe he should invest some money into therapy for his work anxiety.
Maybe I can start building up savings if I work overtime by zoning out of movies and thinking about stocking the grocery store for half an hour…
Hell wait, if I just think about being Nvidia CEO, can I split Jensen’s salary?
Thinking about work is not the same as working
I mean that depends entirely on what your work is and what you mean by “thinking”. As a designer/developer, just letting thoughts come and go without forcing it during off times is absolutely productive work that gives me a head start the next time I’m back at work “properly” again.
And as a CEO/business owner your job is making decisions for the most part, and thinking about those decisions should better be a big part of that
Bud claims he’s “working” during his full waking hours. Nah, having a job where your decision making and planning is spread out throughout the day does not mean you’re working all the time.
No NVIDIA employee is going to buy that he’s continuously working while going to the movies, playing golf, hanging out with work buddies over lunch, etc. while they’re physically sitting at a desk working. Sure, there are pockets of work in there and productive things may happen, but he’s not working in the same sense his staff is.
Imagine believing that just thinking about your job, equates to “working”. Give me a break.
You are not allowed to think while on your break, otherwise it isn’t a break.
These nutjobs will be on their deathbeds and think “I’m so glad I spent my life creating shareholder value”
Not
isnt he a nepo-baby that loves trump.
Honestly the CEO behavior sounds like a mental illness.
It’s also proof that there wouldn’t be major negatives from a wealth tax. These guys love working, it’s not about the money, they all say it. So, let them keep working, but give their earnings to people who need it.
That was my first thought. Why the fuck do ceos get a pass for making their mental shit everyone else’s problem? When I do that, I get an expensive trip to the psych ward.
It honestly sounds like a really horrible life. I’d rather be a cleaner.
And by work they really mean “jerks off to his leather jacket collection”
Working hard, or jerking hard?
What’s infuriating is that having no work-life balance is promoted as a positive. Sure there are people who are really devoted to their work and thrive on it, but that should be seen as voluntary and not expected. Working long hours also doesn’t necessarily mean you are working efficiently or using your full potential the entire time.
Ugh. People wasting company time by thinking about their health and welfare and if they can afford their bills. When they should be thinking about the company. Won’t someone think of the profits. Theft. Theft all of it! Makes me so sick I have to take a mental health day away from checking my investments. /s /s /ssssssssss
And if its voluntary I would more likely categorize it as a hobby rather than work. I think we need a better definition for “work”. Work, to me, is an obligation. People work in order to feed and house themselves. So let’s says someone has $10mil. That is more than enough to easily live off the interest. I would say anyone at that level of wealth never actually works because they have the option to stop at any time, which in my mind makes it a hobby.
It’s meant to deify these CEOs. Gullible schmoes see this and think “well that makes sense, he spends every hour of his day working. That’s three times more than me! No wonder he makes a million times my salary! See, the only reason I’m not making billions is because I don’t have the divine skills and talent to work on my company all day.” (Or, “I choose to have a work-life balance cause I don’t mind making a little less money”)
These CEOs have PR teams dedicated to slipping out stories like these so it keeps the CEO looking like a king.
Also to convince gullible idiots to put in more hours and make more sacrifices because “that’s what it takes to make it to the top” not realizing that sacrificing your time and energy for a multi-billion dollar corporation won’t make you a billionaire. Rich people love the “hustle and grind” culture because it convinces people that if they just keep producing for the machine, the trickle down will finally come
Yes I understand that for some people out there, being a tech executive is their highest passion and true calling. But I hate it when those people turn around and expect everybody to act that way, and act like they’re just more virtuous for doing so. I have a very successful tech career but it’s a job, not my whole life. This society values money, so we keep asking rich people for life advice, as if they have tapped into something deeply human and universal. They haven’t.
Also, having no work-life balance is different if you own a significant fraction of the company vs. if you’re on salary.
Like, if Jensen Huang spends 12 hours over the weekend working on something for nVidia and increases the share price by 0.01% (with a $4.165 trillion market cap, this means it goes up $416 million), his personal net worth will go up by $14.7m. Not bad for a little weekend work.
Let’s assume that someone who is on salary is on something absurd like $1m per year and gets a 500% bonus for working overtime. Their 12 hours of weekend work is going to net them $28k. That’s certainly nice, but it’s about 1/500th of what Huang gets. And, your average engineer probably doesn’t get overtime at all, and if they did it would be closer to $3k not $30k.
If someone who owns a business wants to have a bad work-life balance, that’s one thing. But, it should never be expected of anybody who’s just on salary.
Guy sounds like an assbutt
If you’re in a position to walk away from almost anything you are doing at work and have someone else do it instead, and you’re still paid, it’s not work. If you are in this position, have family, and work 7 days a week, you have a self-regulation problem. See a fucking therapist.
I tried to pull this tactic to get a raise on my salary.
didn’t work, if anything they reduced my raises thereafter.
I’m sure he “works hard” like in that CEO workweek graph.
If 20 hours of your 55 hour work week is “miscellaneous personal stuff”, you have a 35 hour work week. 🤦🏻♂️
And if 5 hours of your 35 hour work week are “business meals”, you have a 30 hour work week.
And if 6 his of that 30 hr work week are ‘working alone’ I’m pretty sure it’s fun those hours nap time and wanking and thinking about how ‘working from home’ employees can’t be trusted.
Then you are left with a 24 hr work week.
That image legit ticks me off.
It is sooo obvious they were trying to pad out the work hours as much as possible so the graph wasn’t “Yeah, CEO’s work less than you (and get paid a thousand times more)”
i like how its counted as work just thinking about work for him. but it only counts as work for his employees when they are online under the supervision of their manager.
Online? They were probably forced back into office.
