Stock options are a fiduciary responsibility incentive because it links the fate of the option holder to the health of the company. (as measured by stock price)
The downside with options is the loss of sweat equity on the part of the recipient if the option proves to be worth nothing and the dilution of equity if the option proves to be worth something.
If you as executive gamble all the firm's money on a *temporary* increase in stock price then you're the type who would otherwise just wire the firm's money directly into your personal account in the Grand Cayman Islands anyway.
What you're supposed to be doing is risking the firm's money on a *permanent* increase in stock price. You know, adding value?
Now, you might argue that options give people incentives to make risky decisions. And you would be correct in that. Such stocks have correspondingly high betas. But putting money or sweat equity behind innovation is itself extremely risky.
A company's stock trades for $2 a share one year and $50 a share some years later. The increase in price is, in theory, a function of the company's value increasing over that period of time due to the innovation and hard work of its employees.
Fiduciary responsibility incentive = some reason employees have to care about what happens to the company as a whole and make it successful as opposed to doing the minimum to avoid getting fired.
I believe animals are capable of so much more than we give them credit for.
For example, we took care of some friends' pet parrot while they went away on vacation. (how smart he is was an emphatic topic of conversation beforehand)
For example, one time, I showed him a picture from a cosmetics ad and said, "Java, this is Lucy. Isn't she beautiful?" And he stared at her picture smiling like a deer caught in headlights for a brief second and then quickly, emphatically nodded his agreement.
Another time I suggested that his caretakers (who have been married for some years but are still childless) didn't have children because they were exhausted from taking care of him, (Java screams if you leave him alone, we suspect because of abandonment issues relating to us people being his flock) he got really offended and hissed and squawked at me and I dare say, was hurt because he suspected it might be true.
Yet another time, after screaming because there was no one around, I put on my robe and slippers to go comfort him. (he would continue screaming if I didn't) In fact, he looked scared until I showed up. Then he looked happy to see me and then he glanced at my robe, then my slippers. Then he glanced at his own feathers and feet and looked up and smiled at me like he was on the verge of tears. I hastily looked at my feet an saw my gray slippers and white, terrycloth robe and looked at Java's gray feet and white feathers and a light bulb went off and here I was, a surrogate member of his flock.
What was most amazing to me was that I walked into the room where he was staying and noticed he had managed to carve a piece of wood such that both ends looked like birds' heads in profile with thinner necks (though really they looked more like ducks than parrots to be fair) and both had knots where the eyes would be.
One was inverted and had a long, thin piece of wood dangling off the end. I immediately saw the resemblence, though I had to think that maybe it was some kind of weird coincidence. Like maybe the eyes were harder wood or something. Nonetheless, I did see a very parroty resemblence when I held the piece of wood upright with the thin piece of wood resembling his crest. And amazingly enough, he smiled and flared up his crest and POSED so I could see the likeness. And it was pretty damn uncanny I have to admit.
Unfortunately, I accidentally kicked the piece of wood and broke the crest off, (which just goes to show how delicate it and otherwise difficult to carve it was) but our friends still have the double-sided bird's head.
All this in the space of two weeks.
As far as I can tell, there's no such thing as a service that's valuable to other people. At least, not to the extent that there are companies out there hiring people to do it for a reasonable wage.
There are no calls to gouge the rich, even amongst Democrats. The calls are simply to repeal the tax breaks to the rich who won't spend the money and won't stimulate the economy.
Supply-side economics work when the bottleneck to growth is not enough goods and services in the marketplace causing inflation. But we literally have more goods and services in the marketplace than we know what to do with.
Therefore, supply-side policies will inevitably fall flat in the current economy as they have been and will continue to.
I'm painfully aware of how competitive the video game industry is, but when you factor in the risk/reward ratio, it compares favorably with this autonomous vehicle contest.
Why would any high-quality programmer bother with a *chance to compete* for a *fraction* of a million dollars when the video game industry offers a greater chance at a greater prize?
Offer a steady paycheck that someone who's good and knows it will deign to work for and see how hard it is to find good software leads.
E.g., If Nike buys some complete shoes from Asia for $10, and sells them for $80 to a wholesaler, they've made $70 in the USA, adding that much productivity. That's spread among longshoreman, shoe designers, marketers, Kobe Bryant, etcetera.
That's $70 in profit for Nike. Now how much of that is spent on longshoremen, shoe designers, and Kobe Bryant and how much of that goes to Phil Knight and Nike's shareholders?
EXACTLY!
Up until the part about military power, I agree completely. With an influx of so many laborers in the global marketplace, labor, as a commodity, will decline in price.
That's why I decided it's pointless to send out resumes or develop marketable skills. In the current environment, and for the forseeable future, it's better to live off rents.
There's plenty to whine about already. And no, there are not options as you naively imply. Flipping burgers is not a fucking option! Even if it were, that shit's fucking beneath me and motherfucking cocksucking retards who think educated individuals should have to flip burgers to survive should crawl into a ditch and die and spare the rest of us your monumental stupidity.
since it eludes some people's comprehension, however, I'll elaborate.
Phone companies are not in the business of protecting human life or private property. They're in the fucking business of providing fucking phone service! Can't you fucking see that??? Moron....
They didn't even mention the one genre that actually is dying: the FPS. I think that's now the exclusive domain of the mod community and has gone the way of puzzle games and shooters: free.
Difference is: everyone is literate and everyone has a camera. Not everyone can program, not everyone who can program can program a game and not everyone who can program a game can program a good game.
Seriously. People have been fucking shit up on a global scale with funky wave devices since the 19th century. Do a Google search on Tesla. They say that huge-ass blast in Siberia that was the biggest explosion ever recorded (although few people here know about it methinks) was not a meteor as some claim, but one of Tesla's experiments.
Also, I heard from a friend that Tesla claimed that there was a frequency that would destroy the earth. Sounds like utter bs, but really, EVERYTHING, including the earth has a specific frequency. If you generate the same frequency and in phase, you absolutely will cause an increase in the amplitude of the conductive medium's oscillations until it becomes unstable and shatters.
You can argue the history or what's going on currently. Frankly, we don't know if any of that was ever true or not. What we DO know is what's possible with our existing knowledge of science!
The short answer is, because the market is oversaturated with many many games of roughly the same genre and level of production values.
I think actually that eventually we'll see a Hollywood type of mentality come to the fore and studios will favor the creation of a handful of megalithic blockbusters since getting the attention of a fickle public is no trivial task.
The issue with transferring this mentality from Hollywood to games is that an overly ambitious game project can easily run into problems in execution.
i'm in shanghai right now and i'm reading slashdot, so it clearly isn't censored.
contrary to the people on this list who aren't nearly as smart as they think they are, the chinese government doesn't give a fuck about pro-democracy sites. they're only concerned really with falun gong sites, as far as i can tell.
oh yeah, google doesn't work. as of like yesterday or the day before. hey, check out jewbird.blogspot.com.
Slashdot Mirror
Stock options are a fiduciary responsibility incentive because it links the fate of the option holder to the health of the company. (as measured by stock price) The downside with options is the loss of sweat equity on the part of the recipient if the option proves to be worth nothing and the dilution of equity if the option proves to be worth something. If you as executive gamble all the firm's money on a *temporary* increase in stock price then you're the type who would otherwise just wire the firm's money directly into your personal account in the Grand Cayman Islands anyway. What you're supposed to be doing is risking the firm's money on a *permanent* increase in stock price. You know, adding value? Now, you might argue that options give people incentives to make risky decisions. And you would be correct in that. Such stocks have correspondingly high betas. But putting money or sweat equity behind innovation is itself extremely risky.
A company's stock trades for $2 a share one year and $50 a share some years later. The increase in price is, in theory, a function of the company's value increasing over that period of time due to the innovation and hard work of its employees.
Fiduciary responsibility incentive = some reason employees have to care about what happens to the company as a whole and make it successful as opposed to doing the minimum to avoid getting fired.
I believe animals are capable of so much more than we give them credit for. For example, we took care of some friends' pet parrot while they went away on vacation. (how smart he is was an emphatic topic of conversation beforehand) For example, one time, I showed him a picture from a cosmetics ad and said, "Java, this is Lucy. Isn't she beautiful?" And he stared at her picture smiling like a deer caught in headlights for a brief second and then quickly, emphatically nodded his agreement. Another time I suggested that his caretakers (who have been married for some years but are still childless) didn't have children because they were exhausted from taking care of him, (Java screams if you leave him alone, we suspect because of abandonment issues relating to us people being his flock) he got really offended and hissed and squawked at me and I dare say, was hurt because he suspected it might be true. Yet another time, after screaming because there was no one around, I put on my robe and slippers to go comfort him. (he would continue screaming if I didn't) In fact, he looked scared until I showed up. Then he looked happy to see me and then he glanced at my robe, then my slippers. Then he glanced at his own feathers and feet and looked up and smiled at me like he was on the verge of tears. I hastily looked at my feet an saw my gray slippers and white, terrycloth robe and looked at Java's gray feet and white feathers and a light bulb went off and here I was, a surrogate member of his flock. What was most amazing to me was that I walked into the room where he was staying and noticed he had managed to carve a piece of wood such that both ends looked like birds' heads in profile with thinner necks (though really they looked more like ducks than parrots to be fair) and both had knots where the eyes would be. One was inverted and had a long, thin piece of wood dangling off the end. I immediately saw the resemblence, though I had to think that maybe it was some kind of weird coincidence. Like maybe the eyes were harder wood or something. Nonetheless, I did see a very parroty resemblence when I held the piece of wood upright with the thin piece of wood resembling his crest. And amazingly enough, he smiled and flared up his crest and POSED so I could see the likeness. And it was pretty damn uncanny I have to admit. Unfortunately, I accidentally kicked the piece of wood and broke the crest off, (which just goes to show how delicate it and otherwise difficult to carve it was) but our friends still have the double-sided bird's head. All this in the space of two weeks.
As far as I can tell, there's no such thing as a service that's valuable to other people. At least, not to the extent that there are companies out there hiring people to do it for a reasonable wage.
There are no calls to gouge the rich, even amongst Democrats. The calls are simply to repeal the tax breaks to the rich who won't spend the money and won't stimulate the economy. Supply-side economics work when the bottleneck to growth is not enough goods and services in the marketplace causing inflation. But we literally have more goods and services in the marketplace than we know what to do with. Therefore, supply-side policies will inevitably fall flat in the current economy as they have been and will continue to.
I'm painfully aware of how competitive the video game industry is, but when you factor in the risk/reward ratio, it compares favorably with this autonomous vehicle contest.
Why would any high-quality programmer bother with a *chance to compete* for a *fraction* of a million dollars when the video game industry offers a greater chance at a greater prize? Offer a steady paycheck that someone who's good and knows it will deign to work for and see how hard it is to find good software leads.
EXACTLY! Up until the part about military power, I agree completely. With an influx of so many laborers in the global marketplace, labor, as a commodity, will decline in price. That's why I decided it's pointless to send out resumes or develop marketable skills. In the current environment, and for the forseeable future, it's better to live off rents.
There's plenty to whine about already. And no, there are not options as you naively imply. Flipping burgers is not a fucking option! Even if it were, that shit's fucking beneath me and motherfucking cocksucking retards who think educated individuals should have to flip burgers to survive should crawl into a ditch and die and spare the rest of us your monumental stupidity.
If C++ sucks so much then how come the entire software entertainment industry uses it to write games?
since it eludes some people's comprehension, however, I'll elaborate. Phone companies are not in the business of protecting human life or private property. They're in the fucking business of providing fucking phone service! Can't you fucking see that??? Moron....
They didn't even mention the one genre that actually is dying: the FPS. I think that's now the exclusive domain of the mod community and has gone the way of puzzle games and shooters: free.
Of course 2-D and text-based games are dying out in the face of 3-D console titles.
is nifty. The rest of you talk to much. www.oakleafplace.com
Difference is: everyone is literate and everyone has a camera. Not everyone can program, not everyone who can program can program a game and not everyone who can program a game can program a good game.
Hope their hardware engineers and marketing types are much better than their 3D modelers!
Seriously. People have been fucking shit up on a global scale with funky wave devices since the 19th century. Do a Google search on Tesla. They say that huge-ass blast in Siberia that was the biggest explosion ever recorded (although few people here know about it methinks) was not a meteor as some claim, but one of Tesla's experiments. Also, I heard from a friend that Tesla claimed that there was a frequency that would destroy the earth. Sounds like utter bs, but really, EVERYTHING, including the earth has a specific frequency. If you generate the same frequency and in phase, you absolutely will cause an increase in the amplitude of the conductive medium's oscillations until it becomes unstable and shatters. You can argue the history or what's going on currently. Frankly, we don't know if any of that was ever true or not. What we DO know is what's possible with our existing knowledge of science!
The short answer is, because the market is oversaturated with many many games of roughly the same genre and level of production values. I think actually that eventually we'll see a Hollywood type of mentality come to the fore and studios will favor the creation of a handful of megalithic blockbusters since getting the attention of a fickle public is no trivial task. The issue with transferring this mentality from Hollywood to games is that an overly ambitious game project can easily run into problems in execution.
i'm in shanghai right now and i'm reading slashdot, so it clearly isn't censored. contrary to the people on this list who aren't nearly as smart as they think they are, the chinese government doesn't give a fuck about pro-democracy sites. they're only concerned really with falun gong sites, as far as i can tell. oh yeah, google doesn't work. as of like yesterday or the day before. hey, check out jewbird.blogspot.com.