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Palmer Luckey on the importance of rewarding people who move quickly

Name: Palmer Luckey on the importance of rewarding people who move quickly
Uploaded: 2024-08-11T10:40:00+00:00
Duration: 49 s
Channel: Lorenzo
Description: Palmer Luckey argues that organizations should align incentives (career cycles, pay, equity grants) to reward people who move quickly and demonstrate…

11 Aug 2024 · 1 min

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Palmer Luckey argues that organizations should align incentives (career cycles, pay, equity grants) to reward people who move quickly and demonstrate capability. He gives a concrete example: Spencer Fishman was an intern in fall 2019, became lead of the Ghost (helicopter drone) program in under two years, and is now moving to lead submarine work — illustrating rapid internal promotion based on performance rather than seniority or formal credentials.

Questions this video answers

Fall of 2019.

The Ghost program (a helicopter drone).

Submarine work (moving to be one of the leads on the submarine project).

Chapters

Fundamentally, you have to align all of your incentives, from the career cycles to the pay incentives, to the equity grant incentives, around rewarding people who are able to prove that they can move quickly and efficiently. Where's Spencer? Spencer, when were you an intern? Okay, so Spencer Fishman is here. He was an intern in fall of 2019. And then less than two years later, he was the lead of the Ghost program, which is our helicopter drone. And now he's moving over here to be one of the leads on the submarine work that we're doing. And so that is the type of that career path that I'm talking about, where you can move very quickly. If you show that you can kick butt, you are not going to be held back simply because of seniority or because you don't have the right piece of paper. As a college dropout, that would also be hypocritical of me.