My question is how much did Intel decide to pay him that Apple, with all the money in the world sitting around in offshore accounts not helping anyone, decided it wasn't worth keeping him around for their most important hardware project in a decade.
When it's one person they probably rely on the fact that the team and structure in place can take a loss. When it's a mass departure they will give bonuses as they have done recently with the possible departures to Meta.
I don't get this. Saying you can't raise someone's salary above a certain % is pure arbitrary BS. There's no rule they can't do it unless they create the rule. This is what keeps salaries depressed if you stay at a company long enough. They'll have to pay market for your replacement when you leave... I mean it's just stupid.
From management perspective it’s unwise to pay more than you have to. And if management is competent, then the departure of a few should not be a hardship. That’s a big “if”.
Now, the great resignation may change this calculus, that remains to be seen.
He might:
- already be rich enough to not care at all about making more
- disagree with his emplyer's ethos
- have had an asshole for a boss.
If Intel is offering a competitive salary and promising interesting work, this is basically a zero-risk move for him.