Average Silicon Valley Tech Salary Passes $100,000

Average annual salaries for Silicon Valley technology workers surpassed the $100,000 mark last year, according to a new survey, pushed higher by the strength of the region’s latest boom.

Talent War Crunches Start-Ups

Internet start-ups across Silicon Valley are struggling to compete for talent amid the investment frenzy gripping Facebook Inc., Twitter Inc. and Zynga Inc., with many smaller companies beefing up pay and recruiting and wading into the private-company share market to keep pace with their larger rivals.

Oracle's Ellison: Pay King

Larry Ellison, founder and chief executive of software maker Oracle Corp., topped the list of best-paid executives of public companies during the past decade, receiving $1.84 billion in compensation, according to a Wall Street Journal analysis of CEO pay. Coming in No. 2 on the compensation list was Barry Diller, who received roughly $1.14 billion from IAC/InterActive and Expedia.com, the online travel site IAC spun off in 2005, where he remains chairman.

New York Times Cuts Salaries, Jobs

Last year, New York Times executive editor Bill Keller told the newspaper’s newsroom that he would try very hard to not fire any of them. But he didn’t say anything about pay cuts. The Times today announced that it would be cutting salaries of its nonunion employees from 2.5 percent to 5 percent, and that it would be asking for “similar” cuts from its unionized newsroom workers “in a spirit of shared sacrifice and as a way to otherwise avoid layoffs in the newsroom.” It has also laid off 100 employees from its business operations.
new-york-times-building-300x200

New From Nintendo: Super Mario Production Line

The word “Nintendo” literally translates as “leave luck to heaven,” but another translation might be “leave luck to your employees.” Because Nintendo’s are among the most productive in tech. In fact, the average Nintendo worker earns more for the video game maker than average Google or Goldman Sachs workers earn for their respective employers.