News

News Flash: Wall Street is Greedy

I found an article on Forbes about what are called high-frequency programmers, the people who code the trading algorithms for companies like Goldman Sachs, complaining about their unsatisfying six-figure salaries. These coders feel that because their programs bring in up to $100,000 a day, they should be paid more than their measly $150,000 salaries. Particularly since their bosses are paid millions to simply manipulate the algorithms they write. They also feel they should be able to take their code with them when they leave. I'm sorry, it's tough for me to write this through all the tears streaming down my face for these poor unfortunate slaves being taken advantage of by the evil nobility.

To me it sounds like they are living in some sort of fantasy land. When I write code for my employer it is owned by my employer. Just like, if I designed a car, that design would be the property of the employer. Just like if I made widgets, they would be owned by the employer. Also similarly, the person who makes widgets probably gets paid less than executives who market or sell those widgets. This is pretty much the understood process of a business. So how greedy can these people be to say that their six-figure salaries just aren't enough?

The correct answer is "pretty frickin greedy."
Comment on this Article Anonymously

Please note: Comments posted anonymously will be submitted for moderation. Your email address will not be posted.

Allowed tags: <p>, <strong>, <em>, <img>, <a>, <blockquote>, <pre>, <code>, <ul>

expand
Posted my review of Tinker, Tailor, Soldier, Spy http://t.co/m6jrLleH This movie is smarter than I am.
2 days, 11 hours ago
My review of Underworld: Awakening has been posted. http://t.co/FX3FQZQk #skintightpantsandcorsets
3 days, 17 hours ago
And there it is, folks, the reason I don't talk to girls. http://t.co/fH1cM1Ud
1 week, 1 day ago
@alibakes Haywire is a sparse little covert thriller featuring a smooth jazz score. I can't think of anything else to say about it.
1 week, 1 day ago
Posted my review of Red Tails: http://t.co/8mZVuHuB
2 weeks, 2 days ago
Posted my review of Haywire: http://t.co/CJnTo32w
2 weeks, 2 days ago
@dcorsetto I would also like to contribute to the "Anti-Humans in Traffic" fundraiser. #pleasemakeitstop
2 weeks, 4 days ago
@kumailn Funny, at first I thought you were referring to the now defunct game studio.
2 weeks, 4 days ago
Watching the world rise up to protest oppressive stupidity: #sopa #pipa
2 weeks, 6 days ago
My incredibly short review of Mission Impossible: Ghost Protocol http://t.co/SwXymQKQ
3 weeks, 2 days ago
@Nanalew Why yes, I am going to be there! As soon as I can extract myself from the office... #harderthanitsounds
3 weeks, 4 days ago
@nerdist @930Club @EllenMcLain @johnpatricklowr Thank you all for a wonderful show last night! My nerd brain is basking in the afterglow.
on 7/1/12
I saw The Girl with the Dragon Tattoo yesterday. http://t.co/NgKSuCQA
on 3/1/12
Happy birthday to the Spacey One!
on 1/1/12
Now commencing my 37th year of post-womb life.
on 31/12/11
@dcorsetto For the record, I'm more grossed out by pooping. And war. War and pooping, mostly.
on 30/12/11
@wired I only use Gmail to manage my Contacts. Today was the first time I had seen the new interface. I couldn't find the Contacts.
on 28/12/11
@jessiechar The scary thing is, most hipsters don't know they're hipsters.// How ironic.
on 21/12/11
Twitter ran out of "who to follow" recommendations for me. I should probably turn the Internet off now.
on 19/12/11
This happened again: http://t.co/YpiuEWfn
on 19/12/11