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▲ kllrnohj 6 hours ago

> Jensen has created more shareholder value than nearly any human on earth.

Nonsense. Nvidia's employees created that value, not Jensen. Jensen personally is all but certainly responsible for almost none of the value created, just like in every other company. CEO worship is absurd.

Like it's an extremely common sentiment when working for a large company to look at the SVP or CEO and go "that person is a dumbass, everyone in charge is a dumbass". Yet when looking at other companies somehow we forget about that and put the companies success on the CEO or top level execs. Instead of remembering "no, it's probably the small army below them figuring out how to manage upwards to prevent the idiot in charge from tanking everything"

▲andruby 5 hours ago | parent | next [-]

> Jensen personally is all but certainly responsible for almost none of the value created

That's a very limited view of value creation. Have you ever lead a team of people? Coached someone? Raised a child? Written a technical architecture?

A lot of people play crucial roles in a company. HR, accounting, leadership, PM's, engineers, support, etc. All of them contribute to the value creation.

If you've ever been in a company with poor leadership and one with great leadership, you'd see the impact of it on everyone working there and on the value being created.

▲dennis_jeeves2 3 hours ago | parent | next [-]

>> Jensen personally is all but certainly responsible for almost none of the value created

>That's a very limited view of value creation. Have you ever lead a team of people? Coached someone? Raised a child? Written a technical architecture?

I can assure you that the people you are targeting the question at, have never/rarely done any of the things you asked. I call them the socialists. They sit in judgment of people who do things while they lead their petty lives and all they look forward is the next Superbowl game, or next Netflix series.

(p.s you might like the writings of author by name Ayn Rand, Disclaimer: I'm no worshiper of Rand)

▲jdgoesmarching 5 hours ago | parent | prev | next [-]

This is hilarious because Jensen’s idea of leadership is petty authoritarianism. I’m not sure if this is just HN being emotionally bought in to great man theory or financially bought in to NVDA, but most of their value creation is on the back of gamer chips being useful for crypto and later AI.

The children yearn for a tyrant I guess.

▲Phelinofist 3 hours ago | parent | prev | next [-]

> HR, accounting, leadership, PM's, engineers, support, etc. All of them contribute to the value creation

Not sure about HR TBH

▲kllrnohj 5 hours ago | parent | prev [-]

> That's a very limited view of value creation. Have you ever lead a team of people? Coached someone? Raised a child? Written a technical architecture?

Yup, all of it. And at no point have I considered myself as 10,000x more valuable than any of the team members I led. Yet that's exactly what is done to billionaire CEOs.

You'll notice I did not say Jensen didn't create ANY value.

▲belg1o 5 hours ago | parent [-]

Companies rise and fall based on leadership decisions. You inability to see that highlights your lack of thought needed for true leadership.

Critical / hard decisions are worth more than just a manager telling / trusting his team to execute on x,y,z task.

▲kllrnohj 4 hours ago | parent [-]

Sorry, what hard decisions did Jensen make, exactly? "Hey team, I'm going to make the tough decision here to propose that next year's GPU is faster than last years"?

Do you know for sure that Jensen personally was involved in recruiting Ian Buck and starting up the CUDA project? A project that's largely attributed to John Nickolls? What other major decisions did Nvidia even make over the last, say, 15 years?

▲NetMageSCW 3 hours ago | parent | next [-]

The decision to support CUDA and include it in retail GPUs so that he could create a massive installed base, even in the face of criticism and loss of stock value, for years. Sort of like Tesla building superchargers to cause BEVs to become viable.

▲andruby 4 hours ago | parent | prev | next [-]

[dead]

▲vatsachak 4 hours ago | parent | prev [-]

Okay, but why doesn't AMD have a CUDA equivalent in quality? Luck?

▲kllrnohj an hour ago | parent [-]

AMD was borderline bankrupt? While nvidia was doing CUDA, AMD was selling off assets like their fab business to keep the lights on.

▲kridsdale1 6 hours ago | parent | prev | next [-]

Those employees didn’t create it when a huge number of them worked at AMD, Apple, Qualcomm, Intel, or TI.

It took the corporate structure and top-down direction decision ATTRIBUTABLE TO JENSEN to allow them to work so productively together.

Leadership matters. Labor Talent is only able to operate at 10% effectiveness with shitty leaders in place.

▲fennecfoxy 6 hours ago | parent | next [-]

You think he hired everyone personally?

CEOs in large companies do not play a role like that.

▲NetMageSCW 3 hours ago | parent | next [-]

Elon personally hired the first 3000 SpaceX employees- you don’t think that was a huge part of their success?

▲djaro 4 hours ago | parent | prev [-]

He founded the company. Everyone there is either hired by him or hired by someone he hired.

▲antiframe 4 hours ago | parent | next [-]

If the origin of the people who created value is the metric, aren't his parents and ancestors those who truly are responsible for creating all that shareholder value?

I prefer the view that the engineers that made GPUs have a bigger hand in the value creation.

▲rexpop 4 hours ago | parent | prev | next [-]

Req hoc ergo propter hoc, eh?

▲Phelinofist 3 hours ago | parent | prev [-]

> Everyone there is either hired by him or hired by someone he hired

If you think about that for 2 seconds you'll see that this is just wrong?

▲rexpop 3 hours ago | parent | prev | next [-]

This tendency to credit an entire technological breakthrough to the top of an org chart is such a bizarre cliche from a systems perspective. Breakthroughs are not conceived from whole cloth within the corner offices of isolated autocracies; they are the product of horizontal networks of social capital as engineers continually circulate across firms.

Besides, individual contributors aren't incentivized to innovate insofar as we're not structurally positioned to capture a windfall.

I recognize the narrative that an army of world-class engineers is essentially inert until an executive visionary breathes purpose into them, but that's a structural property of the firm. It's a choice to route all surplus through the board and major shareholders, and to starve out any innovation that happens outside of those venues.

▲NetMageSCW 3 hours ago | parent [-]

Perhaps research nVidia and Huang a bit more before deciding general rules apply to specific cases.

▲10111001 4 hours ago | parent | prev | next [-]

> Those employees didn’t create it when a huge number of them worked at AMD, Apple, Qualcomm, Intel, or TI.

I agree: we must do everything we possibly can to aggrandize the already wealthy and powerful. The glory must accumulate in their account, and the less that goes to their subordinates, the better.

▲sowhat1 3 hours ago | parent | next [-]

You can’t convince these people. A large portion of the population is hardwired (by DNA) to be subordinate and hierarchical, for better or worse. Probably best to simply let them believe in Superheroes.

▲vatsachak 4 hours ago | parent | prev [-]

I mean Jensen even said that he does not mind the California billionaire* tax. To believe that CEOs and Founders are not replaceable is hyperbole but so is to believe that they are totally replaceable. NVIDIA clearly has a moat and are the belle of the ball, of the world economy

▲bar8uyr an hour ago | parent | prev [-]

lol

▲jacobjjacob 5 hours ago | parent | prev | next [-]

I agree that CEO worship is absurd but it’s a big stretch to say they are responsible for none of the value. Jensen AND the employees. And he probably created a disproportionate amount of that value compared to the average IC, I don’t think that’s in question. But is he responsible for most of it, or even 10% of it? Unlikely.

▲ 3 hours ago | parent | prev | next [-]
[deleted]
▲neya 6 hours ago | parent | prev | next [-]

So fire all CEOs, let employees run the company then. Blind CEO hatred is equally stupid.

▲asadotzler 5 hours ago | parent [-]

They should fall first to AI replacement as they're the least useful people in a company and most susceptible to ruining the company's reputation by screwing a Chinese spy and a hot local chic.

▲djaro 4 hours ago | parent | next [-]

If you think CEOs are useless, why dont you create a company without a CEO and simply outcompete Google and Amazon?

▲neya 5 hours ago | parent | prev [-]

> as they're the least useful people in a company

Tell me you know nothing about running a company without telling me. Just because one CEO got caught screwing over a Chinese spy that doesn't mean all CEOs are useless people. That's just lazy generalization.

Edit: Guess I am arguing with a bot lol

▲dennis_jeeves2 2 hours ago | parent [-]

At least you aren't arguing with a socialist...

▲hatethehate 2 hours ago | parent | prev | next [-]

You're right, it takes a company to deliver a value. With that said, you are *seriously* underestimating how hard it is to organize and run a large company. Jensen is not perfect by any means, and I don't even particularly like him. I just hate this anti-billionaire narrative being thrown around a lot lately that leaders don't matter.

▲bar8uyr an hour ago | parent [-]

But what do you hate about it? They can stick up for themselves surely? They don't need you to protect them do they?

Sure it might be hard to run a company - it wasn't like he actually did most of that though was it?

▲tt24 5 hours ago | parent | prev | next [-]

This sort of empty bitterness is a very pernicious thing. It reads as knowledge / experience, but really it’s nothing more than angry drivel. It doesn’t say anything that hasn’t been said before a million times.

▲andy_ppp 6 hours ago | parent | prev [-]

Yes, this cult of personality I find completely insane. Mostly the egotists get in the way of the technical people making progress.