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Including the value of stock options in those figures is incredible bullshitting. For those wondering: the “first rung” is more like $110k plus stock options (
by abritinthebay 8y ago
Including the value of stock options in those figures is incredible bullshitting.
For those wondering: the “first rung” is more like $110k plus stock options (which you have to pay for - they’re not RSUs - so calling them “income” is rank nonsense)
The estimates for stock options value on there are also WILDLY high compared to people I know who actually work there.
Very suspect.
- akhilcacharya 8y agoPublic companies don’t offer options anymore. It’s all RSU which is yours yearly/quarterly etc. Even mature startups (like Airbnb and Uber) don’t offer options.
- Boxbot 8y agoYeah, but then you are working for AirBbB or Uber (or worse, Facebook). Eww. Private companies/startups are still doing options. And options are worthless. My employee recently loaded all employee stock options / holdings into a stock trading/tracking system and as soon as the FMV from the latest 409a was loaded in people flipped their shit. Turns out that no, joining a nearly decade old private company with limited stock options and a "mature" FMV isn't going to make you millions of dollars. Especially when you're going to be spending five figgies to exercise.
- abritinthebay 8y agoI work at a public company that doesn’t offer RSUs. Neither did the last one I was at. You’re plain wrong.