Good piece on status of tech industry.
There was an incredible media glare this week on the Kleiner Perkins sex discrimination trial and its negative outcome for Ellen Pao, but all the news about equality in tech was not nearly as negative. One of the most significant victories for women in tech came this week from Google, where Ruth Porat, the current Chief Financial Officer of Morgan Stanley, accepted an offer to join the search giant as CFO.
It is also the clearest sign yet that Wall Street is no longer the place for top talent, supplanted in its role by the ascendancy of tech. Porat didn’t just choose Google because the company has a more interesting mission statement than Morgan Stanley, but because it also pays better. A lot better. Google is reportedly paying Porat more than $70 million in salary and stock options over her first two years (although the vesting period for…
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