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I know it is equity, but if they really did that, and if employees could cash it in immediately then they'd all quit because many could likely retire modestly o
by Someone1234 9y ago
I know it is equity, but if they really did that, and if employees could cash it in immediately then they'd all quit because many could likely retire modestly on $1.35M.
But I do agree with the concept, particularly if the equity paid out over ten years or more.
- jandrese 9y agoI figure it would probably be paid out in stock options that would need to vest over time. Sort of like working for a startup that has a big IPO. If you're a youngish guy $1.35M over 50-70 years is only around $35k/year even if you do invest it wisely and luck out. And $35k/year won't be worth as much with inflation constantly eating away at it. Hell, just the taxes and paying off your mortgage on your California home will probably eat it up. Even properly invested it's close to poverty level income. Sure some people will move out to Montana and live out their dream of being Grizzly Adams for the rest of their life, but I thing more would stay and keep working that you might expect.
- vkou 9y agoThere are tens of millions of people on the United States who live on less then $35k/year. For most people, this is a fortune.