Bezos also never received a single additional share of Amazon though
“I asked the comp committee of the board not to give me any comp. My view was I was a founder. I already owned a significant amount of the company, and I just didn’t feel good about taking more. I felt I had plenty of incentive. I owned more than 10% of the company, and earlier — before it was diluted by various things — more than 20% of the company. I just felt how could I possibly need more incentive?”
“Most founders own big chunks of the company. They’re more like owner-operators. The way they increase their wealth is not by getting more equity. They just want to make the equity they have more valuable. And so I just would have felt icky about it. And I’m actually very proud of that decision.”
@ApoStructura businesses pay because it cuts costs and makes it look like they care about employees
airlines love it because it’s the most profitable seat
@Object_Zero_ feels like A8 + “no coordination between agents” is underpinning most of this?
why should gradient access be monotone in Σ under price/queue/regulatory allocation? and what prevents coordination equilibria that leave slack (as we’ve seen in fixing ozone, whaling, acid rain)?