3 ms·

If 80-90% of it is in stock / options with vesting (as I'd suspect it is based on that article) it is likely only true after the targets / target dates are hit.

pooper 9y ago
> If 80-90% of it is in stock / options with vesting (as I'd suspect it is based on that article) it is likely only true after the targets / target dates are hit. My initial reaction was: Does anyone actually do this? If someone says "salary" package, I'd assume all of it is cash. but then I took a peek. > Top performers can make $1 million in salary and bonus a year, plus options, according to people familiar with its hiring. Total compensation can exceed $3 million. Zhang declined to comment on specific figures, saying most employees prefer stock over cash. So it is $1M in salary/bonus and up to $2M+ in stock grants bla bla (paper that I can't spend). > Zhang isn’t backing off his aggressive plans, despite the controversies over pay and business practices. Asked about one competitor's concern that Toutiao is trying to hire 200 AI engineers, a huge number given the limited pool of talent, Zhang says that's not quite right: "It may be more than 200.” This is the interesting part. at $1M per head, 200 engineers is $200M. It sounds like a lot and it is. I feel like someone is getting taken for a ride and I suspect it is the poor idiots who are taking $3M+ in paper over a little under $1M in cash salary and bonuses. I'd take the $1M cash and save like crazy because this is ridiculous overspending. I cannot imagine why you'd need 200+ data scientists to work on this project. But then I want to remind the reader that I have been wrong before and spectacularly so about Dropbox. I cannot believe Drew and gang are doing so well for themselves. Make sense that I am a poor idiot on the Internet.
- mywittyname 9y ago
  Because each of those data scientists are a billion+ dollar per year lottery ticket. $3mm per year is a steal when you look at it that way.
walshemj 9y ago
And assuming no dilution or other ways of reducing the value and the Chinese stock market does not even have the protections that the LSE or NYSE have for share holders.

pooper 9y ago

> If 80-90% of it is in stock / options with vesting (as I'd suspect it is based on that article) it is likely only true after the targets / target dates are hit. My initial reaction was: Does anyone actually do this? If someone says "salary" package, I'd assume all of it is cash. but then I took a peek. > Top performers can make $1 million in salary and bonus a year, plus options, according to people familiar with its hiring. Total compensation can exceed $3 million. Zhang declined to comment on specific figures, saying most employees prefer stock over cash. So it is $1M in salary/bonus and up to $2M+ in stock grants bla bla (paper that I can't spend). > Zhang isn’t backing off his aggressive plans, despite the controversies over pay and business practices. Asked about one competitor's concern that Toutiao is trying to hire 200 AI engineers, a huge number given the limited pool of talent, Zhang says that's not quite right: "It may be more than 200.” This is the interesting part. at $1M per head, 200 engineers is $200M. It sounds like a lot and it is. I feel like someone is getting taken for a ride and I suspect it is the poor idiots who are taking $3M+ in paper over a little under $1M in cash salary and bonuses. I'd take the $1M cash and save like crazy because this is ridiculous overspending. I cannot imagine why you'd need 200+ data scientists to work on this project. But then I want to remind the reader that I have been wrong before and spectacularly so about Dropbox. I cannot believe Drew and gang are doing so well for themselves. Make sense that I am a poor idiot on the Internet.

mywittyname 9y ago
Because each of those data scientists are a billion+ dollar per year lottery ticket. $3mm per year is a steal when you look at it that way.

walshemj 9y ago

And assuming no dilution or other ways of reducing the value and the Chinese stock market does not even have the protections that the LSE or NYSE have for share holders.