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  "documentTitle": "Alphabet (GOOGL)",
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  "authorName": "Christopher Hohn",
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  "presentationDate": "2022-11-15 00:00:00",
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      "text": "Alphabet's headcount has increased at an annual rate of 20% since 2017. This growth is excessive, both in relation to historic headcount growth and what the business requires.",
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      "text": "Alphabet pays some of the highest salaries in Silicon Valley. As detailed in Alphabet’s Schedule 14A filing, median compensation totaled $295,884 in 2021. An analysis by S&P Global illustrates that median compensation at Alphabet was 67% higher than at Microsoft and 153% higher than the 20 largest listed technology companies in the US. There is no justification for this enormous disparity.",
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      "text": "You have publicly stated that Google should be 20% more efficient. We could not agree more. Nearly all technology companies are reducing costs. Meta reduced headcount by 13% last week. Amazon is reducing headcount by 10,000. Microsoft, Salesforce, Stripe and Twitter are also reducing headcount.",
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      "text": "We acknowledge that Alphabet employs some of the most talented and brightest computer scientists and engineers, but these represent only a fraction of the employee base. Many employees are performing general sales, marketing and administrative jobs, who should be compensated in-line with other technology companies.",
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