Wealthfront's advice is now an employee benefit for Google employees' non-401(k) savings
Employees at the search giant with less than $100,000 get their balances managed for free -- as do employees of the San Francisco 49ers and Palantir
Adam Wildavsky
Your math is off by an order of magnitude. Given the figures you cite Google’s worldwide payroll is around $5 billion, not $50 billion. It could be somewhat lower — not all employees are software engineers or product managers.
Robert
Do their employees still get free food in addition to the outrageous benefits? Google paid a phantom dividend to its shareholders which was really a cheesy stock split that has seen the price spiral downwards. Maybe Google should do such a blasé thing as pay its shareholders a dividend. Or a special massive, one time dividend while it hoards shareholder money. Google is approaching the irresponsibility to shareholders of Yahoo which in the last twenty years has paid its CEO’s over a billion dollars and not a penney to common shareholders. Sure takes those greedy, self-rewarding bastards a long time to part with shareholder money, as if there is ever a perfect, perfect time to pay out. Those executives get theirs first. Count on that.
montz
Find out authentic base salaries at Google, Palantir etc at http://salarytalk.org
Related Moves
Wealthfront's unlikely tapping of Sheila Bair and Tom Curry signals likely push to gain a bank charter, analysts say
The Redwood City robo-advisor's addition of two renowned former chief banking regulators brings legitimacy and guidance that could lead to a margin-fattening bank charter and help solve the robo-advisor's problem of high client acquisition costs.
December 31, 2020 at 4:37 AM
Wealthfront cedes to four years of investors clamoring for crypto by taking on expensive third-party vendor that Betterment rules out
The Redwood City, Calif., robo-advisor turned a hard 'no' into a soft 'yes' by dealing with Grayscale and its 200 basis-point-plus fees, which its robo rival in NYC -- also without a crypto path -- finds ludicrous.
August 14, 2021 at 2:20 AM
Oisín's Bits: Wealthfront drops old mission statement, declares war on institutions and emphasizes banking future • Seeking Utah charter, Edward Jones may become largest bank in US by branch count • After Advent chief leaves, Black Diamond head steps up
Andy Rachleff cans the old 'democratizing' mission statement at his robo; The 14,200 one-man Ed Jones branches may become branch banks; Steve Leivent consolidates power at SS&C.
July 3, 2020 at 1:12 AM
Broadridge CEO Tim Gokey gets Google Cloud's head of platform in his corner as he sets sights on wealth management cloud thunderclapper
Amit Zavery takes a Broadridge board seat as the New York firm--its shares skyrocketing in recent years--adds a wirehouse and makes wealth management a third pillar of growth
July 9, 2019 at 11:33 PM
MarketCounsel | HamburgerLaw
Compliance Expert, RIA Set-up Firm, Regulatory Consultant
Top Executive: Brian Hamburger
Wealthfront
Portfolio Management System
Top Executive: Andy Rachleff
