Germany approves financial reforms to help its tech industry compete with Silicon Valley
Germany approves financial reforms to help its tech industry compete with Silicon Valley
Germany on Friday approved a litany of changes to its rules for stock-based compensation at tech startups, listing of companies and taxation.
Well, there is not too much on a global scale besides SAP.
In general Germany tends to have more small companies that are serving ultra-narrow niches and fewer huge companies that the average person would know.
Telekom (including t Systems)? Siemens? Bosch? Those are all even bigger than SAP.
Within Germany, those are typically seen as extremely old-fashioned, "verkrustet". Bad at innovation, not modern in culture, etc.
I have no idea how true that is, but it's a perception that doesn't help them attract talent.
The other issue is that big tech are money printing machines. Google makes a profit of more than $300k per employee (that's already after paying the high salaries!), Bosch less than $5k.
Tech companies are paying much better because they can also afford it, unlike everyone else.
And none of those is a startup.
If any of the rest are even similar to SAP then please don't compete, dealing with SAP is bad enough