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  • Here’s how much Silicon Valley tech workers actually make

    06/28/2019 10:12:06 AM PDT · by rktman · 13 replies
    sfgate.com ^ | 6/27/2019 | Madeline Wells,
    Surprise, surprise: people who work in tech are rich. But ever since a new law came into effect last year that requires publicly traded companies to report the median pay of their employees, we know exactly how rich. Silicon Valley led the pack. As reported to the SEC, Google employees are the most made of money: their median annual pay in 2018 was $246,804. That's an increase of nearly $50,000 from what Google employees made in 2017. Facebook came in second place, with a median pay of $228,651 in 2018. However, this number fell by nearly $12,000 from 2017. A...
  • Billionaire Steyer Compares His Impeachment Crusade to Civil Rights Movement

    05/30/2018 9:33:45 AM PDT · by rktman · 30 replies
    newsbusters.org ^ | 5/29/2018 | Julia A. Seymour
    Bringing up his impeachment efforts, Steyer said, “Impeaching the president of the United States is upsetting the status quo. Anytime in American history that there has been an attempt to upset the status quo, there have been people within the status quo — within the establishment — saying, ‘It may be true, it may be something we should deal with, it may be important, but not now.’” “So, if you look at the civil rights movement, the pushback was not, ‘You’re not telling the truth,’ the pushback was, ‘We’re dealing with it in time. You know, stand down so we...
  • Inside a powerful Silicon Valley charity, a toxic culture festered

    05/12/2018 8:37:06 AM PDT · by rktman · 33 replies
    cnbc.com ^ | 5/11/2018 | David Gelles
    As Silicon Valley technology executives have amassed enormous fortunes in recent years, one relatively obscure group — the Silicon Valley Community Foundation — has emerged as the local charity of choice. Facebook's chief executive, Mark Zuckerberg, has donated stock worth more than $1.8 billion to the foundation. Reed Hastings, the founder and chief executive of Netflix, has given $100 million. And many other tech titans, including the Twitter co-founder Jack Dorsey and Microsoft's co-founder Paul Allen, have donated millions. According to interviews with a half dozen former and current employees, some of whom only agreed to do so on the...