2y ago

Nvidia's employees are suddenly so rich and happy that the company's got a 'semi retirement' problem, insiders say

Nvidia's employees are suddenly so rich and happy that the company's got a 'semi retirement' problem, insiders say::undefined

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Problem? Isn't this the goal of any company - make a lot of money, primarily for the shareholders, but in this case employees are also the shareholders themselves. They are not a charity, they're in this to make money.
One of the rare example of success in capitalism.
(and maybe a taste of what different systems could achieve if we didn't separate ownership and employment)
- Yeah, really awesome that 2 decades of market manipulation allowed them to be the monopoly on AI. Such good capitalism, when even the longest silicon producer, Intel, can't even compete. I love my two party capitalism.
  
  Capitalist solution: Pay better.
  There's only so many times you can break apart a company that essentially makes 'one' product lol.
Huang answered that working at Nvidia is like a "voluntary sport," so every employee should act like the "CEO" of their own time. He acknowledged that some employees have been at Nvidia for a very long time, and jokingly called them out. These are judgment calls to be made by adults, he added. His broader message was each person should determine how hard they work, but do it responsibly, these people said.
So Nvidia is fine with this, it’s just whiny employees who didn’t get theirs talking to Business Insider.
- Sometimes it's really valuable to have a greybeard with no fear for their job who just stops everyone from making stupid decisions that they're too in the weeds to appreciate. Hopefully they're one of the funny ones, and not one who condescends everybody constantly.
Rest n vest is a problem at most of the major US tech companies.
- You mean the companies with more money than most countries? Yeah I'm sure they're really struggling to get enough work out of employees.
  
  At a corporate level I agree, I could not give less of a shit.
  At a peer level, it sucks, like it would at any job where a team member is dead weight.
Huh, maybe I should get back in touch with my colleague who was trying to get me to join him at nVidia.
When Panera doesn't pay their employees enough, it's hard to motivate people. When Nvidia pays their employees a lot, it's hard to motivate people.
If we have to pick one, pick the one that allows you to hire basically anyone you want, and hire new people who are motivated.

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