What is Digg?66 Comments
- Ganpachi, on 09/17/2008, -1/+34This will be on the front page tomorrow.
- inactive, on 09/16/2008, -2/+31Pretty impressive. I wonder how much Mario and the Princess are generating in their offices.
- hampus, on 09/17/2008, -0/+25This is on the front page now...
- Mejogid, on 09/16/2008, -1/+20Link to the original article, bypassing the registration BS:
http://www.ft.com/cms/s/0/9d9624a4-8341-11dd-907e- ... - cyrusuncc, on 09/17/2008, -0/+16This was just on the front page 1 day ago...
- Charlotte_Web, on 09/17/2008, -0/+15They get paid in Star Bits.
- Crath, on 09/17/2008, -0/+12This was just on the front page like 2 days ago...
- Paktu, on 09/17/2008, -0/+11This is a little OT, but that Financial Times article it links to tries to make you register if you've viewed four articles in the past 30 days. The URL will look something like this:
http://www.ft.com/cms/s/9d9624a4-8341-11dd-907e-00 ...
However, if you change the part that says Authorized=false to Authorized=true and press enter, it will let you view the full article. Kinda cool. - po43292, on 09/17/2008, -0/+10No wonder he's all like wee-hee, ya-hoo. *****'s loaded.
- NyQuilPillz, on 09/17/2008, -0/+10wasent this on the front page like 3 days ago?
- RudeTurnip, on 09/17/2008, -0/+8I'm sorry, but nonsense like this is not meaningful and simply disgenuine. Just because you can divide any number by any number, it doesn't mean the result actually means something...other than to let the author stir up some righteous indignation and clicks-per-impression, the only statistic he's really thinking about.
- CaptainShaun, on 09/17/2008, -1/+8Nintendo execs better hope their employees (all 8 of them or whatever) don't read this article, or they might not get those ivory backscratchers.
- TheBlackLotus, on 09/17/2008, -1/+8Well figure it this way, A gold coin is about the size of Mario. Figure Mario at an average height of 5'6'. So, if it were solid gold, it'd probably weigh roughly 200-300 lbs. So figure, gold is $1000 an ounce roughly. 200lbs x 16 oz.lb. is 3200 oz. 3200oz x $1000 = 3.2 million. per gold coin.
- jfreeman, on 09/17/2008, -0/+6"Whereas at Goldman the mean employee walked away with compensation of $660,000 in 2007..."
Damn, I should have went into finance. With bailouts these days, who can lose? - shinythingy, on 09/17/2008, -0/+6You'd be a crappy egyptian
- groo68, on 09/17/2008, -0/+6And like it, or else.
- cdigioia, on 09/17/2008, -0/+5These stats are meaningless.
As an example. Nintendo, apparently, outsources their manufacturing. As such, the relatively low probably Chinese salaries aren't counted in their calculation. Nintendo could have chosen to buy their factories, thus the workers would be counted as Nintendo employees, and Nintendo's per-employee profit would plummet. Despite being the exact same company, in essentially the same scenario.
Or say, Nintendo could decide to hire some full time cleaning staff instead of hiring out, again, their per-employee profit would plummet, despite there being no real change in the company. - po43292, on 09/17/2008, -0/+3They get paid with Diggs. But only if they put up huge ascii drawings during presentations or something.
- SteveMax, on 09/17/2008, -0/+3Because the stock market is not a good place to be right now. Stay on it and wait until the crisis goes away, possibly next year; it will regain what it lost in a few months.
- oldhick, on 09/17/2008, -0/+3Did you really just state the obvious as if you discovered something new? And to respond to your first two sentences...
Yes, its about getting people to work for you. That is far from an easy task and few are good at it.
No, most companies are Pyramid scams as you've put it. Define "work for those on top". First, if Nintendo pays me $100,000 a year and my boss $200,000 a year, and his/her boss $750,000 a year, I'm still making $100,000 a year and that "works" for me just fine. Second, you don't get to top with out working your tail off and being tremendously successful. There's really no "scam" to it.
Finally, "Nintendo made a console, now they get paid when someone else does the work of making a game". So? Do you realize how much capital is required to do R and D on a console, to build and manufacture a console, how many millions is spent then marketing that console? None of those "game" developers could afford to build a console. Additionally, Nintendo must continually market and position their console within the market place. Many platform developers take losses on each sale of the console and make up that revenue with game losses. Its a mutually beneficial arrangement. Without Nintendo, game developers go broke. Without game developers, Nintendo goes broke.
You really need to go take some business classes as you have no idea how a business works. - executorzz, on 09/17/2008, -0/+3so 3.2 million multiplied by 100 equals the cost of a life ($320million).
- ralphmalph914, on 09/17/2008, -1/+4Then why has my Nintendo stock been doing so *****?
- 5xSTUN, on 09/17/2008, -0/+3Why stop there? Why not calculate how much profit each pound of employee flesh is worth? Just add up all the weight of the employees, divide that into the net profit of the company...
- ButchersBoy, on 09/17/2008, -0/+2Kinda f***king stupid on the part of the web devs who were tasked with locking down an area of a system but couldn't pull it off.
- nightmaregnome, on 09/17/2008, -0/+2Depends on who you work for. I get a bonus every year largely based on company performance (also partly based on personal performance, group safety, etc). To me it wouldn't seem strange for the employees to have a bonus like that at all.
- Katana314, on 09/17/2008, -0/+2Yeah, I saw the article and thought: That janitor who stays after work must turn the hallways to pure gold...
- SSCrow, on 09/17/2008, -0/+2the tax payers.
- oldhick, on 09/17/2008, -0/+2You're right on one aspect, the word "generate" is inaccurate. Not all employees output is the same and there are probably many employees of Nintendo who don't generate a dime for Nintendo either directly or indirectly.
But how does that number stir up righteous indignation? A fact is a fact and it shouldn't make you angry, it should make you excited about finding a successful place to work or to develop your own business model. - cdigioia, on 09/17/2008, -0/+2And by including the tea lady, we mean sorry, we don't understand how averages work.
- jamesdew, on 09/17/2008, -2/+4if by tomorrow you meant in a few minutes, you are correct
- ChinaLumberjack, on 09/17/2008, -0/+2Holdon, you lost me at the pyramids.
- reaper527, on 09/16/2008, -3/+5they have a us headquarters too, it isn't all asian efficiency
- shinythingy, on 09/17/2008, -1/+2You'd think with all that money they could work on the online
- nightmaregnome, on 09/17/2008, -0/+1I guess i don't understand where those numbers come from (different Currency?) Quick wikipedia and Fortune 500 search says Goldman Sachs has $88 Billion in revenue and $11.6 Billion a year in profits and 30,522 Employees. Maybe my math is wrong but that means each employees brings in $2.9 million in revenue, but only $380K profits. I compared the Fortune 500 numbers for the company i work for and they matched the numbers our company released for the same statistics so it seems my math can't too far off. Maybe they weren't really including the tea lady in their calculations.
- Charlotte_Web, on 09/17/2008, -1/+2I would definitely ask for a raise...
- jfreeman, on 09/17/2008, -1/+2I wonder if these facts reflect in the salary of every employee, or only Executives and Board members.
- ashwin100, on 09/17/2008, -1/+2I think it's the shareholders that pocket most of it, rather than the employees GetItBuilt...
- hamobu, on 09/17/2008, -0/+1From the article: " Every one of the 3000 workers at Nintendo Towers generates $1.6 million. Yes, even the tea lady."
Whow! That must be some tea! - oldhick, on 09/17/2008, -0/+1@Lulfas, companies don't really care about these metrics. Certainly, they don't hire contractors with the intent of "inflating" this metric.
Contractors are used to reduce overhead (payroll, benefits, expenses, health-care) and provide flexibility. - ASSASSYN360, on 09/17/2008, -0/+1That's some high quality janitors!
- kublerross, on 09/17/2008, -1/+2Also, I dont think they included the additional debt that each Goldman's employee will create when the US government has to bail them out eventually.
- datastorageguy, on 09/18/2008, -0/+1Douchebag
- inactive, on 09/17/2008, -1/+1what company do you work for?
- alex82, on 09/17/2008, -0/+0Interesting, but poorly written article. Please link to the original (which also had practically no information).
- inactive, on 09/17/2008, -1/+1I wish I was turning Japanese.
- ChinaLumberjack, on 09/17/2008, -0/+0You think republicans have gay dads?
- TheDreadDiggerD, on 09/17/2008, -2/+2You must be Republican as well.
- jabelar, on 09/17/2008, -0/+0Yeah, an actually meaningful calculation would be to divide by the total employee s(maybe restricted to engineering hours) that contributed to the design of the products that are shipping. Number of current employees is meaningless for productivity calculation -- you have to look at past employee counts for those who contributed and consider how many years effort per employee was put into it.
- ExSlashdotter, on 09/17/2008, -1/+1"the online"? Seriously?
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