Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul class="summary-list"><li>Employers are mulling pay cuts for remote workers with reduced living costs.</li><li><keyword id="6355629" type="DEFINITION" weightage="60" keywordseo="google">Google</keyword>, Facebook, and UK government departments have all suggested cutting pay for remote workers. </li><li>But with a labor shortage and more workers willing to change jobs, it's not clear many firms will really risk it.</li></ul>Workers who permanently choose not to commute into the office face a new sting: A pay cut from employers who argue their living costs are lower.This latest conflict comes after white-collar workers took on employers over returning to the office <a href="https://www.businessinsider.com/in-war-over-work-from-home-remote-wfh-is-winning">and (mostly) won</a>, and as employers gear up to mandate vaccines for returning workers.The pay debate centers on whether those no longer commuting into city centers or other expensive hubs deserve to receive their current wages.On Wednesday, news emerged that Google employees who work remotely full-time <a href="https://www.businessinsider.com/google-salary-calculator-work-from-home-pay-cut-technology-2021-8">might face a salary haircut</a> of as much as 25%.And Facebook CEO Mark Zuckerberg <a href="https://www.businessinsider.com/zuckerberg-facebook-salary-employees-moving-out-of-silicon-valley-2020-5">has indicated</a> that employees looking to "flee to lower-cost cities" could expect to have their compensation adjusted. In the UK, <a href="https://www.theguardian.com/politics/2021/aug/09/civil-servants-in-london-could-see-pay-cut-if-they-resist-office-return">The Guardian</a> reported that several government departments were mulling whether to remove an approximately £4,000 ($5,500) top-up for civil servants who live in London and faced higher living costs.The news came the same week UK chancellor of the exchequer Rishi Sunak said working from home could hurt the career of younger workers. The FDA Union, which represents the UK's civil servants, said the "insulting and cowardly attacks" had caused anger, and underappreciated the roles played by its members - 81% of whom already live and work outside of London. <h2>Is this really the start of a new battle between firms and staff?</h2>There are two sides to every story, and each argument holds its merits.Companies such as Google and Facebook have invested vast sums in large, fancy campuses and want to see a return on their investment by having employees in the building. It's also not uncommon for companies to vary pay, with <a href="https://www.cipd.co.uk/Images/reward-management-base-pay_tcm18-91392.pdf">49% of UK employers already determining salaries by location</a>, according to the Chartered Institute of Professional Development (CIPD).But workers argue that they shouldn't be penalized for cutting their living costs, and that their employers may make savings in the long term.It isn't clear how many businesses will risk the fight right now.<a href="https://markets.businessinsider.com/news/stocks/the-great-resignation-pandemic-fuels-career-shifting-motives-study-shows-66-of-american-workers-are-on-the-move-1030713695">More workers are open to reassessing their careers and purpose than ever</a>. During a tight labor market, employers attempting to reassess pay could drive away talent.Given that it's still early in the days of hybrid work, it would be a rash action to take right now, a CIPD spokeswoman told Insider.It could also lead to "an employment law minefield for businesses", said Malcolm Gregory, employment lawyer and partner at UK firm Royds Withy King."If they want all staff to work from an office, they may face an increase in formal requests to <keyword id="123591" type="PERSON" weightage="60" keywordseo="Work-from-home">work from home</keyword> that cannot be ignored. If they offer fully remote working and wish to reduce <keyword id="6402851" type="UNKNOWN" weightage="60" keywordseo="salaries">salaries</keyword>, they will need to gain consent. That may not always be given."British staff with protected characteristics under UK employment law - such as age, disability, and pregnancy - who find it difficult to commute could be able to bring claims against their employer.However Gregory added that US workers could face more aggressive workforce strategies from their employers, due to the fact that most employment is at will.Legal or HR headaches may be why few companies have cut pay so far.Neither Google, nor Facebook have actually cut workers' pay. And a spokesperson for UK prime minister Boris Johnson said civil servants would not be punished for continuing to work remotely.According to CIPD data, just 7% of companies are changing pay to reflect home working or have plans to.In reality, decisions around pay and location will vary between sectors and businesses - but it will stay a point of public discussion for the foreseeable future.

Location-based pay is the newest conflict between workers and employers, as remote Googlers face a 25% salary cut

<ul class="summary-list"><li><keyword id="6355315" type="UNKNOWN" weightage="60" keywordseo="elon-musk">Elon Musk</keyword> was the highest paid US chief executive for the third year in a row. </li><li>He earned $6.7 billion in 2020, per Bloomberg's Pay Index, which ranks <keyword id="72767" type="PERSON" weightage="60" keywordseo="CEO-pay">CEO pay</keyword> at publicly traded firms. </li><li>Musk earned paper billions however, since his compensation comprised options awards.</li></ul>Tesla's self-styled "Technoking" Elon Musk received $6.66 billion in compensation in 2020, nearly twelve times more than America's second highest-paid CEO, according to Bloomberg's annual Pay Index. 2020's second highest-paid executive was Mike Pykosz, CEO of Oak Street Health, who received $568 million.Musk hasn't received his billions in cash. His compensation was comprised of option awards, giving him the right to acquire Tesla shares at a set price.The EV maker's surging stock price through 2020 puts Musk at the top of Bloomberg's list for the third year in a row and is an increase his estimated 2019 compensation of $595 million. Pykosz's compensation comprised a salary, bonus, stock awards, option awards, and perks.The <a href="https://www.bloomberg.com/graphics/2021-highest-paid-CEOs/?cmpid=BBD080521_">Bloomberg Pay Index</a> is a yearly tally of the highest paid executives leading publicly traded US companies. It is compiled using regulatory filings submitted to the US Securities and Exchange Commission. It includes salary, performance, and discretionary bonuses, pension as well as the value of any stock options or grants received within the year. Deferred compensation is also included. The top 10 features executives from 7 different companies, and is entirely comprised of men. GoodRX Holdings' co-ceos Trevor Bezdek and Douglas Hirsch sit third and fourth, each receiving more than $497 million, primarily through stock awards. Pykosz is one of three Oak Street Health executives on the list, alongside COO Geoffrey Price in 7th ($356 million) and CMO Griffin Myers in 9th ($221 million).Apple's Tim Cook fell to 8th - down from second on last year's list - with compensation of $265 million. Opendoor CEO Eric Wu, Palantir's Alex Karp and Paycom Software's Chad Richison are in 5th, 6th, and 10th respectively. All, other than Musk and Karp, received the majority of their remuneration through stock awards.<a href="https://www.businessinsider.com/highest-paid-ceos-2020-palantir-alex-karp-doordash-tony-xu-2021-6">A separate study</a>, conducted by the New York Times and Equilar, listed Palantir boss Karp as the highest paid executive on the basis of how his pay compared to the average pay of his employees.According to <a href="https://www.bloomberg.com/graphics/ceo-pay-ratio/#SPLK">Bloomberg</a>, the typical CEO among America's 1,000 biggest listed companies receives 144 times the pay of their median employees. Senators Bernie Sanders and Elizabeth Warren tabled a bill in March aimed at punishing firms who pay their executives excessively more than workers. It propose a 0.5 percentage point tax increase for firms that pay their leaders between 50 to 100 times more than the average worker. Those who paid leaders 500 times more would face a 5 percentage point tax rise. In February, <a href="https://www.businessinsider.com/worlds-richest-person-elon-musk-dedicate-wealth-mars-colony-2021-1?r=US&amp;IR=TIR=T">Musk temporarily overtook Amazon's Jeff Bezos</a> as the world's richest man, with an estimated net worth of $200 billion.

Elon Musk received $6.7 billion in compensation in 2020, eleven times more than the second highest-paid US CEO

New Delhi, Dec 5 () The tax department has come out with a draft notification with regard to renumeration of India-based fund managers who are managing funds of overseas investors.
Section 9A of the Income-tax Act, 1961, provides for a special taxation regime in respect of certain offshore funds in the context of their fund managers being located in India, an official said. 
It is provided that in case of an eligible investment fund, the fund management activity carried out through an eligible fund manager acting on behalf of such fund shall not constitute business connection in India of the said fund, the Central Board of Direct Taxes said.
Finance (No 2) Act, 2019 with effect from April 1, 2019, amended section 9A so as to provide that the remuneration paid by the fund to an eligible fund manager in respect of fund management activity undertaken by him on its behalf is not less than the amount calculated in such manner as may be prescribed, it said.
 Accordingly, the manner for calculation of the amount, compared to which the remuneration paid to the eligible fund manager should not be less, is required to be prescribed, it added.
 The CBDT has sought inputs from stakeholders on draft notification proposing amendments December 19. DP CS DP MR
MR

CBDT floats draft notification with regard to renumeration of fund managers

<ul class="summary-list"><li>It would take a GM worker 362 years to make CEO Mary Barra's annual compensation.</li><li>The drastic gap in pay levels is a central tenet of the <a href="https://www.businessinsider.com/uaw-auto-union-strike-could-change-industry-forever-2023-9">auto workers union's negotiations. </a></li></ul>It's been a <a href="https://www.businessinsider.com/uaw-auto-union-strike-could-change-industry-forever-2023-9">central argument for the United Auto Workers union:</a> If Detroit's three automakers raised CEO pay by 40% over the past four years, workers should get similar raises.UAW President Shawn Fain has repeatedly cited the figure, contrasting it with the <a href="https://www.businessinsider.com/uaw-strike-history-what-happened-during-2019-gm-union-stoppage-2023-9">6% pay raises autoworkers have received since their last contract in 2019</a>. He opened negotiations with a <a href="https://www.businessinsider.com/uaw-strike-tesla-pay-gap-gm-ford-stellantis-labor-hourly-wages-2023-9">demand for a similar 40% wage increase</a> over four years, along with the return of pensions and cost of living increases.The <a href="https://www.businessinsider.com/uaw-strike-union-threatens-more-stoppages-friday-if-no-progress-2023-9">UAW has since lowered its demand to a 36% wage increase</a> but the two sides remain far apart in contract talks, triggering a strike. By Friday, September 22, as the strike entered its second week, Fain <a href="https://www.businessinsider.com/uaw-auto-workers-union-expands-strike-second-week-new-locations-2023-9">called on 38 more plants to join in the stoppage, effectively expanding the strike to 20 new states</a>. Progress had been made at Ford, he said. "Stellantis and GM in particular are going to need some serious pushing," Fain said on a livestream Friday morning. Fain's focus on CEO pay is part of a growing this is trend of emboldened labor unions citing the wealth gap between workers and the top bosses to bolster demand for better pay and working conditions. In June, <a href="https://www.businessinsider.com/netflix-shareholders-vote-against-executive-pay-amid-hollywood-writers-strike-2023-6">Netflix shareholders rejected executive pay packages</a> in a nonbinding vote, just days after the Writers Guild of America wrote letters urging investors to vote against the pay proposals, saying it would be inappropriate amid Hollywood's ongoing strike by writers. The WGA wrote similar letters targeting the executive pay at Comcast and NBCUniversal.Fain has pushed back against arguments that a big pay bump for the union would jack up costs of vehicles and put the Big Three automakers — General Motors, Ford and Stellantis (formerly Chrysler) — at a <a href="https://www.businessinsider.com/elon-musk-uaw-boss-tesla-greedy-workers-pitiful-pay-2023-9">disadvantage against foreign competitors</a> with lower-cost workforces in the race to transition to electric vehicles."The reason we ask for 40% pay increases is because in the last four years alone, the CEO pay went up 40%. They're already millionaires," Fain told CBS' "Face the Nation" on Sunday. "Our demands are just. We're asking for our fair share in this economy and the fruits of our labor."CEO pay has ballooned for decades, while wages for ordinary workers have lagged. But did the Big Three chief executives really get 40% pay increases? Not exactly."I don't know where the 40% came from," said General Motors CEO Mary Barra at a news conference when asked if the UAW's numbers were accurate.Executive pay is notoriously complicated to calculate because so much of it comes in the form of stock grants or stock options. A detailed look at the compensation packages at all three companies shows how the UAW's claim both overstates and understates reality, depending on the view.<h2>Large CEO pay packages at the Big 3 </h2><a href="https://www.businessinsider.com/general-motors-ceo-mary-barra-salary-auto-workers-strike-uaw-2023-9">Barra, the only one of the three who held the role since 2019, is the highest paid</a>, with a compensation package worth $28.98 million in 2022. The single biggest component was $14.62 million in stock grants, which vest over three years and whose ultimate value depends on stock performance and other metrics.Her pay has increased 34% since 2019, according to data from public filings analyzed for AP by Equilar.<a href="https://www.businessinsider.com/ford-ceo-tesla-model-t-moment-elon-musk-big-test-2023-7">Ford CEO James Farley </a>received nearly $21 million in total compensation in 2022, a 21% increase over the $17.4 million then-CEO Jim Hackett received in 2019, according to the company's proxy statements. Farley's package last year included $15.14 million in stock awards, which also vest over three years with an ultimate value dependent on performance.Where the comparison gets complicated is at Stellantis, which was formed in 2021 with the merger of Italian-American conglomerate Fiat Chrysler Automobiles and French PSA Group. Because it is a European company, the way Stellantis discloses executive pay differs significantly from GM and Ford.In its annual renumeration report, Stellantis reported CEO Carlos Tavares' 2022 pay was 23.46 million euros. That's a nearly 77% increase over then Fiat Chrysler CEO Mike Manley's 2019 pay of 13.28 million euros.Those are the numbers used by the UAW when it calculated that three automakers have, collectively, increased CEO pay by 40.1% since 2019, according to the methodology the union provided to The AP.But there's a catch: Stellantis' figures reflect "realized pay," which include the value of previously granted equity that vested during the reporting year. U.S. companies, in contrast, use grant date value of stock packages awarded to executives during the reporting year.In its analysis, Equilar used the "grant date" method to make an equivalent comparison between all three CEOs. By that measure, Tavares' 2022 compensation was in 21.95 million euros in 2022, including 10.9 million in stock awards with a three-year vesting period.That's actually 24% decline from Manley's compensation package in 2019, which was 29.04 million euros, according to Equilar.<h2>CEO pay is complicated</h2>So, is Tavares really making less than Manley was four years ago? Not really.That's because in some years, talking about a CEO's "realized pay" can obscure exorbitant pay packages approved by company boards.Take Tavares' 2021 compensation package, which included special incentive award of 25 million euros in cash as well as stock worth 19.56 million euros — all contingent on long-term performance goals — granted to Tavares in recognition of "his essential role" in leading the company through the merger.That one-time award, which came on top of millions of more in regular compensation, alone pushed Tavares' 2021 compensation package far above what Manley got in 2019.Stellantis shareholders voted 52.1% to reject the pay proposal in their annual meeting, though the vote was only advisory and the board approved his package anyway.The CEOs of GM and Ford also saw their compensation packages peak in 2021, before declining slightly in 2022.<h2>How does automaker CEO pay compare to regular workers? </h2>However you slice the numbers, the gap between CEO pay and rank-and-file workers at all three companies is gigantic.At GM, the median worker pay was $80,034 in 2022. It would take that worker 362 years to make Barra's annual compensation.At Ford, where the median pay was $74,691, it would take 281 years.At Stellantis, with a median pay of 64,328 euros, it would take 365 years, although the company noted its annual report that the disparity includes expenses related to Tavares' one-time grant. Excluding that, the pay ratio is 298-1.How extreme that disparity? It depends on the comparison.It's far above the typical pay gap at S&amp;P 500 companies, which was 186-1 according to AP's <a href="https://apnews.com/article/ceo-pay-compensation-bonus-stock-apple-pichai-c8ddeab9fd84a80359f7b0708275b14b" target="_blank" rel="noopener">annual CEO pay survey</a>, which uses data analyzed by Equilar.And it's astronomical by historical standards. According to a study of the 350 largest publicly traded U.S. firms by the left-leaning Economic Policy Institute, the CEO-to-Worker pay ratio was just 15-1 in 1965.The automakers, for their part, emphasize that their foreign competitors pay their workers much less. Including benefits, workers at the Detroit 3 automakers receive around $60 an hour, according to Harry Katz, a labor professor at Cornell University. At foreign-based automakers with U.S. factories, the compensation is about $40 to $45.Then there's Tesla.CEO <a href="https://www.businessinsider.com/tesla-ceo-elon-musk">Elon Musk</a>'s 2022 compensation was reported as zero in the company's proxy statement, rendering its official pay ratio meaningless. Of course, that's because Tesla hasn't awarded Musk new packages since a 2018 long-term compensation plan that could potentially be worth more than $50 billion and is facing a legal challenge from shareholders.But the proxy offers glimpse at the mind-boggling wealth disparity between its nonunion workers and one of the world's richest men.The filing reported <a href="https://www.businessinsider.com/elon-musk-tesla-pay-package-compensation-salary-not-typical-ceo-2022-10">Musk's total "realized compensation" in 2021 at more than $737 million.</a> A typical Tesla worker earned $40,723 that year.According to the proxy, for that worker to make Musk's "realized compensation" that year, it would take more than 18,000 years.

Striking auto workers are highlighting their CEOs' multi-million dollar pay. Here's how much the top bosses at Ford, GM and Stellantis make

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Astrid Stawiarz/Getty Images for LinkedInBridgewater Associates founder Ray Dalio.</div></div></div><ul class="summary-list"><li>The 10 best paid fund managers in the world made $7.7 billion in 2018 with one fund manager seeing his fortune increase $1.8 billion last year. </li><li>Many of the world's biggest funds saw big returns even after stock markets performed poorly in 2018. </li><li>Despite the crazy figures 2018 was a tough year for funds in general with closures outnumbering launches for the third year in a row. </li></ul>Beyond the one percenters lies a realm of extreme remuneration reserved for hedge fund managers. The top 10 earners bringing in $7.7 billion in 2018.Despite a tricky year for both stock markets and fund managers generally, some of the biggest names in the industry racked up major returns for 2018, <a href="https://www.bloomberg.com/news/articles/2019-02-15/the-10-best-paid-hedge-fund-managers-made-7-7-billion-in-2018">according</a> to the inaugural Bloomberg Billionaires Index ranking for hedge fund managers.James Simon of Renaissance Technologies led the way. The former code-breaker's quant fund racking up an insane $1.6 billion in income last year, increasing his net worth to $16.6 billion. Unsurprisingly hedge fund titan Ray Dalio made the top 10 for 2018 with an income of $1.26 billion with his flagship Pure Alpha fund gaining 14.6% last year. His own fortune rose alongside Bridgewater Capital's approximate $160 billion of assets. Citadel's Ken Griffin was in the news after the hedge-fund manager paid a staggering $240 million for a New York penthouse, just after picking up a London mansion for $122 million. Both these figures pale in comparison to the $870 million he brought in for 2018, taking his own personal fortune to around $10 billion. The fourth and fifth highest earners were Two Sigma founders John Overdeck and David Siegel. Their quant fund saw each of them pick up $770 million in renumeration in 2018. The year was the third consecutive 12 month period that more funds closed up shop than were started, but the biggest fund managers continued to hoover up opportunities, even as the S&amp;P 500 ended the year down 4.4%. Bluecrest's Michael Platt was the sixth highest earner, with $680 million. His fund returned a massive 25%. Meanwhile, David Shaw of D.E Shaw's quant/multi-strategy fund brought in $590 million. Element Capital Management's Jeff Talpins became a billionaire for the first time in 2018 after his fund brought in $420 million with a return of 17%.Chase Coleman of Tiger Global Management has a venture capital arm which helped to boost his fortune to $3.9 billion after earning $370 million last year. In 10th position was Izzy Englander of Millennium, whose fund brought him in $340 million for 2018. <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/what-el-chapo-joaquin-guzman-really-like-cartel-wives-2017-10">What El Chapo is really like, according to the wife of one his closest henchman</a></h3> <div> </div> </div>

These are the 10 best paid hedge fund managers for 2018

<div class="KonaFilter image-container display-table"><div><div class="image on-image"></div></div></div><ul><li>An artist carved the phrase "F--- Trump" into a crop circle on a farm in the UK.</li><li>It's <a href="https://www.bucksherald.co.uk/news/trump-s-uk-itinerary-in-full-ahead-of-friday-s-aylesbury-vale-visit-1-8565430">reportedly visible on the flight path</a> the president will take Friday as he heads to meet British Prime Minister Theresa May at her country estate.&#xa0;</li><li>Part of the message is in Russian, which is an apparent jab at Trump's relationship with Russian President Vladimir Putin.</li><li>The crop circle, which is reportedly 650 feet wide and took 14 hours to construct, was completed on Sunday.</li></ul>An artist carved the phrase "F--- Trump" into a crop circle on a farm in the UK, and it's <a href="https://www.bucksherald.co.uk/news/trump-s-uk-itinerary-in-full-ahead-of-friday-s-aylesbury-vale-visit-1-8565430">reportedly visible on the flight path</a> the president will take Friday as he heads to meet British Prime Minister Theresa May at her country estate.&#xa0;Part of the message is in Russian, an apparent jab at Trump's relationship with Russian President Vladimir Putin.&#xa0;Trump is set to meet with Putin in Helsinki following his UK visit.&#xa0;The crop circle, which is reportedly 650 feet wide and took 14 hours to construct, was completed on Sunday. It's located roughly 40 miles northwest of central London on the Moat Farm in Stoke.&#xa0;The owner of the farm told the local newspaper&#xa0;<a href="https://www.bucksherald.co.uk/news/rude-message-to-donald-trump-appears-as-a-crop-circle-on-stoke-mandeville-farm-1-8562297">The Bucks Herald</a> that he didn't allow the crop circle to be carved into his land for political reasons."There was a financial transaction, I won't say how much but it was renumeration for the damaged crops, which won't be salvageable," the owner said.&#xa0;He added, "A lot of people have asked me this, but my thoughts on Trump are completely neutral. For me it was a transaction between myself and the artist."The British marketing agency The Tenth Man reportedly took credit for the anti-Trump crop circle on Thursday.Prior to departing for the UK, Trump suggested people the UK are fond of him. "I think they like me in the UK. I think they agree with me on immigration," <a href="https://www.cnn.com/2018/07/12/politics/trump-uk-visit-intl/index.html">Trump told reporters in Brussels</a>, where he attended a NATO summit.&#xa0;Many of the same sentiments surrounding the movement behind Brexit <a href="https://www.bbc.com/news/election-us-2016-37922961">are shared by the president and his supporters</a>.&#xa0;But Trump's visit to the UK has spurred controversy and widespread planned protests, with particularly lively demonstrations in London. One such demonstration that has garnered a fair amount of attention and is set to occur on Friday will <a href="http://www.businessinsider.com/giant-baby-trump-balloon-approved-to-fly-over-london-in-visit-2018-7">involve a giant "Baby Trump" balloon.</a>As a result of the planned demonstrations, the US embassy in London warned Americans in the UK to keep a <a href="http://www.businessinsider.com/americans-warned-to-keep-low-profile-in-uk-during-trump-visit-2018-7">"low profile"</a> during the president's visit.&#xa0;<div></div> <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/north-korean-defector-calls-out-kim-jong-un-terrorist-singapore-summit-2018-6">North Korean defector: Kim Jong Un 'is a terrorist'</a></h3> <div> </div> </div></hr>

Artist carves 'F---Trump' into crop circle in Trump's reported UK flight path

<div class="KonaFilter image-container display-table"><div><div class="image">REUTERS/Phil McCarten Marc Andreessen, co-founder and general partner of Andreessen Horowitz, speaks during the "The Future of Technology" panel at the Fortune Tech Brainstorm 2009 in Pasadena, California July 22, 2009. </div></div></div>This weekend, Jim Carrey gave <a href="http://www.businessinsider.com/jim-carreys-advice-to-graduates-2014-5">the commencement speech at a small university in Iowa</a>, doing a variation on the "Follow your passion" speech. Even if you fail at what you love, he said, you'll have fewer regrets than if you fail at the thing you weren't passionate about.
Mac Andreessen disagrees. In his latest series of Tweets, Andreessen explained why following your passions is actually a terrible idea. 
Too often, people follow their passions into fields that are simply too competitive for where their skills actually are in those things.
Instead, Andreessen believes one should "do what contributes" - follow the thing that provides the most value to others.
Check it out:
<blockquote class="twitter-tweet" lang="en">
<blockquote class="twitter-tweet" lang="en">
1/Thesis: "Do what you love" / "Follow your passion" is dangerous and destructive career advice.
- Marc Andreessen (@pmarca) <a href="https://twitter.com/pmarca/statuses/471367634655510528">May 27, 2014</a></blockquote>

<blockquote class="twitter-tweet" lang="en" data-conversation="none">
2/We tend to hear it from (a) Highly successful people who (b) Have become successful doing what they love.
- Marc Andreessen (@pmarca) <a href="https://twitter.com/pmarca/statuses/471367770504826881">May 27, 2014</a></blockquote>

<blockquote class="twitter-tweet" lang="en" data-conversation="none">
3/The problem is that we do NOT hear from people who have failed to become successful by doing what they love.
- Marc Andreessen (@pmarca) <a href="https://twitter.com/pmarca/statuses/471367937693995009">May 27, 2014</a></blockquote>

<blockquote class="twitter-tweet" lang="en" data-conversation="none">
4/Particularly pernicious problem in tournament-style fields with a few big winners &amp; lots of losers: media, athletics, startups.
- Marc Andreessen (@pmarca) <a href="https://twitter.com/pmarca/statuses/471368272944709632">May 27, 2014</a></blockquote>

<blockquote class="twitter-tweet" lang="en" data-conversation="none">
5/Better career advice may be "Do what contributes" -- focus on the beneficial value created for other people vs just one's own ego.
- Marc Andreessen (@pmarca) <a href="https://twitter.com/pmarca/statuses/471368638935465984">May 27, 2014</a></blockquote>

<blockquote class="twitter-tweet" lang="en" data-conversation="none">
6/People who contribute the most are often the most satisfied with what they do -- and in fields with high renumeration, make the most $.
- Marc Andreessen (@pmarca) <a href="https://twitter.com/pmarca/statuses/471368996562812929">May 27, 2014</a></blockquote>

<blockquote class="twitter-tweet" lang="en" data-conversation="none">
7/Perhaps difficult advice since requires focus on others vs oneself -- perhaps bad fit with endemic narcissism in modern culture?
- Marc Andreessen (@pmarca) <a href="https://twitter.com/pmarca/statuses/471369278403256322">May 27, 2014</a></blockquote>

<blockquote class="twitter-tweet" lang="en" data-conversation="none">
8/Requires delayed gratification -- may toil for many years to get the payoff of contributing value to the world, vs short-term happiness.
- Marc Andreessen (@pmarca) <a href="https://twitter.com/pmarca/statuses/471369669056540672">May 27, 2014</a></blockquote>

</blockquote>
Andreessen isn't the first to reject "follow your passion." Two years ago Marc Cuban <a href="http://blogmaverick.com/2012/03/18/dont-follow-your-passion-follow-your-effort/">suggested you should "follow your effort."</a> There's also the classic, <a href="http://online.wsj.com/news/articles/SB10001424052702304626104579121813075903866">"Don't do what you love, love what you do." </a> And still others <a href="http://money.usnews.com/money/blogs/outside-voices-careers/2013/04/17/why-you-shouldnt-follow-your-passion">have suggested</a> a more complicated if more realistic calculus of doing what you're good at so long as it gives you some satisfaction.
The consensus best commencement speech of the season still appears to be <a href="http://www.businessinsider.com/bill-mcraven-commencement-speech-at-ut-2014-5">the one delivered by Adm. William McRaven</a>, the head of U.S. special operations, at the University of Texas.
His advice: You can't follow anything until you've made your bed. <a href="http://www.businessinsider.com/bill-mcraven-commencement-speech-at-ut-2014-5"> </a>Disclosure: Marc Andreessen is an investor in Business Insider.

You Searched For "Renumeration" and got 7 results

Location-based pay is the newest conflict between workers and employers, as remote Googlers face a 25% salary cut

Stephen Jones

Elon Musk received $6.7 billion in compensation in 2020, eleven times more than the second highest-paid US CEO

Stephen Jones

CBDT floats draft notification with regard to renumeration of fund managers

PTI

Striking auto workers are highlighting their CEOs' multi-million dollar pay. Here's how much the top bosses at Ford, GM and Stellantis make

Associated Press

These are the 10 best paid hedge fund managers for 2018

Callum Burroughs

Artist carves 'F---Trump' into crop circle in Trump's reported UK flight path

John Haltiwanger

Marc Andreessen Gives The Career Advice That Nobody Wants To Hear

Rob Wile

Popular Keywords

Buying Guides