this post was submitted on 15 Aug 2024
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Former Google CEO Eric Schmidt, who has since moved on to greener and perhaps more dangerous pastures, told an audience of Stanford students recently that “Google decided that work-life balance and going home early and working from home was more important than winning.” Evidently this hot take was not for wider consumption, as Stanford — which posted the video this week on YouTube — today made the video of the event private.

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[–] 6gybf 13 points 3 months ago (1 children)

CEOs sometimes think like this, but they seem to forget how much more they are paid when it comes up.

[–] [email protected] 10 points 3 months ago

I’m on a business junket to [Miami Beach, Las Vegas, Jackson Hole, wherever] where I will [ski, drink, go to the beach, take a fishing boat, whatever] at an all-expensed resort or hotel, and have a couple meetings or attend a business conference, too. I’ll take a private jet and be there for a week. Everything is a business write-off. I’m getting paid while I’m doing this.

Next month will be another business trip.

Vs

Some family saved for years to visit Jackson Hole, take a hike, go fly fishing, and stay at a modest hotel or camp out. They’re not getting paid, everything is out of pocket, and they can’t write any of it off.

There’s a huge difference in not just pay but how their lives are structured financially. Tons more opportunities to write off and business expense things vs a normal person where everything is out of their personal money.