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> Assuming all engineers get options, and that options are around 1/4 of an engineers compensation, and assuming that buybacks raised Apple's stock by 2% Gener
by jldugger 8y ago
> Assuming all engineers get options, and that options are around 1/4 of an engineers compensation, and assuming that buybacks raised Apple's stock by 2%
General consensus I've seen on Blind is that FANG engineers take in about half their wages in stocks, but that includes multiple years of RSU refreshers and appreciation.
But there's another way to think about it: buyback money isn't that much different than a dividend where people self-sort into who wants the money now versus later. Apple approved a 100B buyback program in May, and 4,915,138,000 shares outstanding. 20 bucks a share. Most offers I've seen on blind are around $100k of shares, so for AAPL at today's market close price that'd be $9300 dollars returned. Probably a bit more given they're at an all time high and the announcement was a few months prior.
So the 12 percent figure kinda makes sense: 10 percent or so of the shares announced to be retired via, and a 2 percent jump is explainable via typical earnings.
I doubt you'd find an engineer paid in RSUs who wanted to end buyback programs, but maybe one will pop up on HN and enlighten us.