Daniel Schwartz

speaker
501 appearances 1 recordings 1 series first heard Feb 2026 last heard 10 Feb

Daniel Schwartz’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
1 · Feb OctJan 26AprJulnow

Recordings per month over the last 12 months — 1 in all, peaking in Feb 2026 with 1.

Appearances

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I think it goes awry when, to Alex's point, you're just doling out stock awards to everybody and it becomes an expectation.
It also goes awry when you try to be fair.
And this concept of fair is really tricky because if you want to operate as a meritocracy, definitionally, a lot of people aren't going to think you're being fair.
They're going to think that they're being underpaid and other people are getting overpaid.
And I learned this from the folks here at 3G that I felt I was being fair.
I think I was doing what was right by the people, but...
I did not allocate stock equally to people.
I gave certain people multiples of what other people got based on our thoughts of people's existing and potential future contribution.
And not everyone does that.
Even at CEOs, there's a lot of pressure to give equal amount.
It's political.
It's political at times.
I always tried, learned from these guys, just never be political.
If you genuinely think certain people can contribute more, give them outsized grants or outsized equity awards.
I think it's a common mistake a lot of CEOs make.
And I think because we don't do that, I think that allows us to get some of the best people, especially in the early days that allowed me to attract some of the best, best people because I was willing to pay people outside of the normal, whatever, preset pay curve and everything.
preset systems that we had.
I'm a step before you.
The question is, how do you meet them?
And it's generally speaking, word of mouth and being willing to open as many doors as you can.
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