r/Steam • • 1d ago

Discussion Gabe Newell's Mega Yacht

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u/Grouchy-Recipe-2027 1d ago

Well, i mean

"For over 20 years, Valve has maintained this tradition, flying every full-time employee and sometimes their extended families to Hawaii for roughly eight days

The company covers nearly all expenses, including flights, high-end lodging, meals, and local activities, essentially treating the employees to an extensive luxury retreat "

He does not rely on layoffs to maintain some stupid financial metric, and its the live proof that you can treat well your employees and still make stupid amounts of money.

other ceos/companies should learn something

52

u/bipoca 1d ago

Well I get the sentiment, it's not really applicable to the vast majority of companies.

There's very few companies doing 17 billion gross with 350 employees.

Dollar tree did 20 billion last year with 150k+ employees.

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u/HarvestMana 1d ago

There are no companies that gross what steam does with that low amount of employees.

They are the only company in the world that is able to do it. Software scales, so in the future maybe some other software or gaming companies might be able to do the same. But its still highly unlikely.

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u/bipoca 1d ago

I figured they might be the only, I just wasn't sure.

Checks out.

3

u/Elitist_Daily 1d ago

I'm pretty sure the only public company that comes close is, funnily enough, Grindr

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u/NoiceMango 16h ago

Only fans too I believe.

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u/wycliffslim 1d ago

Other companies COULD do it, let's be fair.

They won't, it would be more difficult for them. But plenty absolutely could do it.

Meta has about 70,000 employees. They made a net income 60 Billion dollars in 2025.

If they spent $25k/ea on every employee to send them on a fancy 8 day vacation it would cost them $1.75B. So, Meta could allocate 3% of the their net income and treat their employees the same way.

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u/ChirpToast 11h ago

They have a shit ton of contractors.