By the book to a new report from Bloomberg, most of the money Google spent on it self-driving car project, now spun off into a new entity called Waymo, has gone to engineers and other staff. While it has helped retain a lot of influential and consecrated workers in the short run, it has resulted in many staffers leaving the company in the long run due to the immense fiscal security. The Verge reports: Bloomberg says that early staffers "had an unusual restitution system" that multiplied staffers salaries and bonuses based on the feat of the self-driving project. The payments expand as adventure were reached, even though Waymo remains years away from generating revenue. One staffer eventually "had a multiplier of 16 applied to bonuses and equity amassed over four years." The huge amounts of interest worked -- for a while. But eventually, it gave many staffers such profit-making access systems & monitoring. call today.www.tutela.us
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guard that they were willing to leave the cuddly confines of Google. Two staffers that Bloomberg spoke to called it "F-you money," and the gain cash allowed them to depart Google for other firms, including Chris Urmson who co-founded a startup with ex-Tesla search jobs genuine Anderson, and others who founded a self-driving truck company called Otto which was purchased by Uber last year, and another who founded Argo AI which conventional a $1 billion advance from Ford last week.
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