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ux266478today at 1:18 AM3 repliesview on HN

> Or when our paycheck is going to be multiplied accordingly.

That doesn't increase shareholder value, so it would be a violation of the c-suite's fiduciary responsibility. Sorry, the extra capital will instead be used on stock buybacks.


Replies

rootusrootustoday at 1:31 AM

<insert required disclaimer here that fiduciary duty does not require using every opportunity to increase shareholder value>

twbarrtoday at 1:54 AM

Fiduciary responsibility also requires long-term thinking. If AI is writing the code, I need the smartest, most well-rested supervisors I can get.

jmyetoday at 2:01 AM

> Sorry, the extra capital will instead be used on stock buybacks.

Given how start-up (and thus equity) heavy this board is, that should also directly multiply total comp, even though it was meant as a vapid snipe and isn't actually vaguely valid outside of a handful of very large companies.