Compensation

“If the belief is that the CEO should then never get compensation ever again, it's completely flawed logic. You want to give people who chase really big upside by creating really big things, the potential to continuously have that really big upside because it a…”

“For a lot of the strongest builders in the group that I'm associated with, compensation is an all time high. They have more offers than they've ever seen.”

“And so I went from 14 dollars an hour to a 120,000 dollars a year in a single month, a single jump, just like that.”

“So if you want to really increase your comp, you do have to move rooms, right? You have to start networking and making connections with folks that can do that with you.”

“Many big law firms fearing disorder from envy and jealousy have long treated all senior partners alike In compensation, no matter how different their contributions to firm welfare, they're willing to destroy their incentive structure just to avoid triggering e…”

“We make sure that people have meaningful components of their compensation come from across the firm. You still may have a major, which is perhaps a majority of your compensation, but a substantial minority, and I mean substantial, will come from other areas in…”

“It's like, I just think that's, like, the way these things go is, like, it's the temperature rises, you get paid less for just technically performing anything, right, or anything.”

“Compensation is how boards reveal their real priorities. Nothing else matters as much.”

“You've said a statement that I am not sure is true, and the statement is, That no matter what, in order to have less stress, I need to make less money. I would say back to you, what if you don't? And what if it's in fact easy for you to not do that? And so onc…”

“I strongly, strongly believe that small teams of successful people can drive a lot more impact. Than larger teams of mediocre people. And so I strongly believe you have to design a system where you're able to reward 10 X operators with 10 X the comp.”

“For something as important as compensation, I think we should not press into service reflexively such highly financialized derivative, like, the instruments of enormous complexity and huge Variance of outcome without there being an agreement with, between both…”

“In terms of the variability of that level of compensation, we have a really a three part incentive compensation system. One third is tied to the performance of the overall fund. One third is tied to the performance of the local team portfolio and the final is …”

“If your startup salary is allowing you to save money, it's probably not good, right? You shouldn't be sitting here, like, with Google employee level savings running your startup. However, if your startup salary is giving you the lifestyle that allows you to be…”

“So you can ask what their salary requirements are. You Your package. That, that is not allowed. Listen to your HR person. Do not ask that. But what you can say, what are the salary requirements based on your understanding of this role and what we're looking fo…”

“In the end, I don't think compensation is the way that you create behaviors. Compensation matters. People in this industry get paid a lot of money. One should never Not treat the process of how people get paid seriously, but I don't believe in using compensati…”

“We found that overall level of compensation doesn't matter so much. Fairness, perception of fairness in compensation matters a lot.”

“Business school, as an example, has taught you that redundancy is waste, and waste can be converted into profit, and profit is converted into compensation. And I think that is what people have really drank the Kool-Aid on. And so, you know, when they ran out o…”

“If I pay you, What is the time horizon of payment? The time horizon usually you've done something for me and I'm paying you back. The books are closed, right? It's backward looking. It's not, I'm paying you and now you owe me. It's like you did something, I'm …”

“Sort of, the other thing that I think if you're a fan of I think is Bob Cialdini, the guy that wrote the Influence book basically says that for creative, expansive type of tasks, giving people explicit compensation is actually really counterproductive. They te…”

“And I think what we've learned at LinkedIn is that compensation is not how culture is formed, ok?”

“Compensation at startups has gone up a lot as well. And so I think we may be closer than they think, but there's still more that startups have to do on that front.”