Thank you for following Snowflake, I, too, find the company interesting.
What's you take on Slootman’s pay package? It includes more than 13.7 million options with a strike price of $8.88. At current prices, it's worth around $2 billion. Isn't this kind of a lot? I know he is a very capable executive and has a great reputation, but still...
But Slootman is also a very rare breed, and CEOs at very big, very fast growing companies can make decisions that end up creating or destroying tens and tens of billions in value over their tenure... So who knows if at the end of it it'll have been worth it, but I'd say that so far, the signs are good that he's building something (culture, products, organization, strategy) in a way that few other CEOs would be able to do as effectively and with as much velocity.
They probably also had to offer him founder-like economics to get him out of retirement, and in a way, he kinda did re-found the company when he came in and changed the way they did almost everything.
It could all crumble tomorrow, though, so who knows. Too early to judge. ¯\_(ツ)_/¯
I searched for the original picture of the radio telescopes and tried to figure if the new ones are just alternates. Also, searched in all the games I played as a kid (Red Alert, Starcraft etc..), trying to identify them. Damn AI 🤖 Haven't though of that.
Hi Liberty,
Thank you for following Snowflake, I, too, find the company interesting.
What's you take on Slootman’s pay package? It includes more than 13.7 million options with a strike price of $8.88. At current prices, it's worth around $2 billion. Isn't this kind of a lot? I know he is a very capable executive and has a great reputation, but still...
It's certainly a lot a lot.
But Slootman is also a very rare breed, and CEOs at very big, very fast growing companies can make decisions that end up creating or destroying tens and tens of billions in value over their tenure... So who knows if at the end of it it'll have been worth it, but I'd say that so far, the signs are good that he's building something (culture, products, organization, strategy) in a way that few other CEOs would be able to do as effectively and with as much velocity.
They probably also had to offer him founder-like economics to get him out of retirement, and in a way, he kinda did re-found the company when he came in and changed the way they did almost everything.
It could all crumble tomorrow, though, so who knows. Too early to judge. ¯\_(ツ)_/¯
I searched for the original picture of the radio telescopes and tried to figure if the new ones are just alternates. Also, searched in all the games I played as a kid (Red Alert, Starcraft etc..), trying to identify them. Damn AI 🤖 Haven't though of that.
I'm impressed by the due diligence and homework! You get all the kudos for this 💚 🥃
I'll give you a hand:
https://public.nrao.edu/telescopes/alma/