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Dunno, Google and Amazon here are offering $400k, $300k total compensation in some cases. Executive salaries tend to be on a different scale. Senior directors and executive vice presidents might make more, but they become very performance based.
The industry as a whole, the rates of devs are driven down by the collusion of shortsighted business leadership and greedy contracting firms. That's all there is to it really; if they commoditize dev labor, they hold the power. With plenty of people willing to slave for a shot at a green card, or for a chance to change careers, skill becomes noise to the business decision making process in our anarcho-capitalist horror show of an economy.
So i want to know how finances work for tech companies. There are a lot of big numbers that come up when we talk about a company's finances, but i don't understand why the tech people are so down in the ladder, or why those no.s are not associated with the tech teams
Like here's a statement :
"company x is valuable at $42billion , their annual turnover is $5billion. With a profit of $2billion. The ceo has a worth of $1.4billion and company's share are selling at $1500 per share. Person a,b,c of the company hold's 2,3,4% in stocks and the investor sequoia capital is thinking of providing an investment of $25million"
This is a hypothetical company, but if this company is also providing its members of tech team @$20-200k per annum (depending upon seniority), then is it relatively too less? I mean the company is playing with numbers in millions, people are being attributed with billions and yet a developer has to satisfy in those numbers.
Is it because we are being paid by the no. Of hours/time? Because i want to know what other ways are there in which those managers and ceos and investors are being paid? I have heard far too many stories about devs leaving their jobs and starting businesses, and I don't think its only because their boss was a dick
question