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Technology Stocks : Microsoft Corp. - Moderated (MSFT)
MSFT 448.63-1.3%9:40 AM EST
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To: The Duke of URL© who wrote (10799)1/26/2006 2:37:53 PM
From: Lizzie Tudor  Read Replies (3) of 19790
 
the thing I never see discussed on SI or anywhere, is to me the biggest issue wrt Microsoft or any tech company - that is, the prior designation of these companies as "geek haven" where engineers are treated like gods seems to have been abandoned by msft and yahoo and some others (whenever a CEO makes a statement that stock options are being abandoned it means the engineers are not on any kind of pedestal anymore, imho), the only company that still does this is Google, and consequently GOOG is out-producing their competition.

I don't know why microsoft would adopt a bell-curve pay system or some of the other things they have implemented over the past few years which are almost "anti engineer". I don't know if this was Ballmer, or what. But it killed them. Same with Yahoo, Terry Semel came in at the bottom of the tech crash, made some statements like "we are cutting out stock options", and its been downhill for yahoo against GOOG ever since. GOOG has even swooped up superstars from other firms like the CTO of ebay- he isn't the CTO of Google so technically he took a "step down" just to work at Google, why? Because GOOG treats engineers better, pays them more and just plain makes them feel good.

We proved in the 90s that egalitarian environments that allowed engineering individual contributors the opportunity to get rich was the way to build successful companies so why did these execs choose to "unlearn" this?
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