Coming from the finance world, there's a very good reason that doesn't happen. In situations where a company is spiraling, everyone is incentivized to leave for new work. The people who are most competent at work are also most capable of getting new jobs, so what used to happen before it was standard was as a company died, the best people left, and the company died faster.
If you axe the CEO's pay by 50% one year, what reason does he have to stay on and fix things? Why shouldn't he just go to some successful series A startup, get a bunch of equity, and retire in 10 years? He definitely could, if he wanted to.
It would be nice if they took over the video call market from Zoom. They definitely have the web expertise to do it, and they could make a lot of money since absolutely no one I know actually wants to use zoom over a competitor.
I really like the trait/struct/enum model of programming that you find in Rust. I'm a quant and I do a lot of higher math, and the trait method of programming is very very similar to how you might construct algebraic structure in the set=>group=>field etc way.
Hi, quant here (in Uni). I have some obligation to respond to (2), because I know something about it and you've mischaracterized it alot.
We have around $1.5T in student debt currently, at its peak in 2008, there was around $12.7T in housing debt (there's more now, interestingly). Like 2008 era mortgages, student debt is securitized and sold in the form of SLABS (Student Loan Backed AssetS; [1]). However, to my knowledge, there are no derivative securities trades on these SLABS, whereas in 2008, nth derivative securities were trades on mortgage-backed securities (MBSs; when I say nth, I mean derivatives were traded on derivative were traded on derivatives, increasing leverage). In Q2 '08, around 4.5% of mortgages were "seriously deliquent" (i.e. were over 90 days past due). This figure jumped to over 21.0% in July '08 [3]. In contrast, serious delinquency for SLABS is around 0.254% [4]. This is different by a full two orders of magnitude (a little less) from the crisis levels.
While I get why you might be led to believe that (2) is possible, the data doesn't back it up at all. Remember that almost everyone takes out a mortgage, but only around 50% of relatively young people take out student loans.
Yeah, new Rust programmers always fight the borrow checker. Once you get used to it though, Rust's compiler is literally orgasmic. It has a build in spell checker for christ sake.
Agreed, the Rust docs seriously suck, but once you get used to the language you can write incredibly fast code witgh only about 15% more effort than Python. Also, Cargo.toml is great.
Def might, if your tone is off/the CEO is neurotic. If some rando came in trying to gauge how long he could hang on to a job rather than how he can contribute to the idea I'd be a bit put off.
If you axe the CEO's pay by 50% one year, what reason does he have to stay on and fix things? Why shouldn't he just go to some successful series A startup, get a bunch of equity, and retire in 10 years? He definitely could, if he wanted to.