Star employees are worth ten to one hundred times as much as ordinary employees.
Facebook bought Friendfeed for $50 million just to get its highly talented engineers (co-founder Brett Taylor is now Facebook’s CTO). Last year, Google made a $3.5 million counteroffer to a staff engineer to keep him from going to Facebook. And this year, it paid two top product managers as much as $150 million to keep them from going to Twitter.
Stars Versus Great Teams.
Management, Tech
What ‘Situation Room Photo’ reveals about us – CNN.com.
Management
The companies cut their work forces in the U.S. by 2.9 million during the 2000s while increasing employment overseas by 2.4 million, new data from the U.S. Commerce Department show. That’s a big switch from the 1990s, when they added jobs everywhere: 4.4 million in the U.S. and 2.7 million abroad.
“We’ve globalized around markets, not cheap labor. The era of globalization around cheap labor is over,” he said in a speech in Washington last month. “Today we go to Brazil, we go to China, we go to India, because that’s where the customers are.”
Source: Big U.S. Firms Shift Hiring Abroad – WSJ.com.
Management, WSJ
