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Netflix apologists in this thread love to use words like "salary" and "cash", then compare against the base salary of other FAANGs. Effectively what they're do

Netflix apologists in this thread love to use words like "salary" and "cash", then compare against the base salary of other FAANGs. Effectively what they're doing is comparing total comp at Netflix with base salary at other FAANGs, which is very misleading.

Avshalom 8y ago
I don't know shit about Netflix vs Googles comp but there is a lot to be said for cash: there's no vesting period ; it's dependable, there's no weird dips because an investing firm got spooked; it's liquid, you can spend it at the bar tonight, right now; taxes are straight forward. That said -- I mean this with all sincerity -- it does my commie heart good to see that absolutely no in this thread is buying Netflix's bullshit.
- alecbenzer 8y ago
  Stock at most FAANG is liquid though. Google even has an auto-sell program where you basically never even see the stock. Agree to all the other points though.
- dunpeal 8y ago
  > there's no vesting period ; it's dependable, there's no weird dips because an investing firm got spooked; it's liquid, you can spend it at the bar tonight, right now; taxes are straight forward. For the most part, these are all benefits of RSUs at a company like Facebook or Google. They're totally liquid. They "vest", but in short order. This isn't startup equity. It's very much real money.
  - kmonsen 8y ago
    Yeah at Google you have autosale as well, whenever rsu vested they get sold and cash comes into my account. Slight hassle at tax time, other then that more or less the same as cash.
  - jhall1468 8y ago
    They are "totally liquid" after 6 months which isn't totally liquid. And those 6 months are subject to the stock market so they inherently carry more risk than base (and higher potential rewards). You seem rather... aggressive with how much you want to downplay the differences and your entire contribution to this thread has been attacking "Netflix apologists" and defending any argument for cash-based salaries. It's fine if you don't like their culture/comp structure, but you sure seem to have an agenda here.
    - dunpeal 8y ago
      > They are "totally liquid" after 6 months which isn't totally liquid. That is simply untrue. In FAANGs I'm familiar with, vesting can be monthly, very much like cash compensation. Your other claims are untrue as well. I'm very much against presenting misleading information, such as comparing total comp at Netflix to base salary alone at other FAANGs. Especially when this misrepresentation is then used to make the blatantly false claim that Netflix comp is substantially higher than other FAANGs. The number repeatedly quoted in this thread shows the opposite: Netflix total comp appears to be lower than other FAANGs. I have no agenda here. My initial response to the article was based on what I read in the article. Holding meetings to explain how terminated employees were under-performing - is very toxic in my opinion, and fertile ground for abuse and misrepresentation. Several Netflix employees in this thread seemed to agree with this assessment.
    - joshuamorton 8y ago
      My stock vests monthly and is automatically immediately sold at market price. It's a lot more cash like than you believe. For a senior engineer, their stock will vest monthly or maybe quarterly. At Google at least, there is no cliff, so you begin vesting your first or second month.
strangerlands 8y ago
I hope you understand that there are people who worked at these companies and received offers and they know what they are talking about.
jhall1468 8y ago
First, I'm not a Netflix apologist, second, I explicitly said that if cash is important and third, I never compared it with the base salary of any other company. So what exactly was the point of this post? You can't compare base salaries, you can compare the benefits of all cash vs stock awards (401k, higher monthly income, no market emphasis on income). That was my entire point, so this diatribe about Netflix apologists has no business in this thread.

Avshalom 8y ago

I don't know shit about Netflix vs Googles comp but there is a lot to be said for cash: there's no vesting period ; it's dependable, there's no weird dips because an investing firm got spooked; it's liquid, you can spend it at the bar tonight, right now; taxes are straight forward. That said -- I mean this with all sincerity -- it does my commie heart good to see that absolutely no in this thread is buying Netflix's bullshit.

alecbenzer 8y ago
Stock at most FAANG is liquid though. Google even has an auto-sell program where you basically never even see the stock. Agree to all the other points though.
dunpeal 8y ago
> there's no vesting period ; it's dependable, there's no weird dips because an investing firm got spooked; it's liquid, you can spend it at the bar tonight, right now; taxes are straight forward. For the most part, these are all benefits of RSUs at a company like Facebook or Google. They're totally liquid. They "vest", but in short order. This isn't startup equity. It's very much real money.
- kmonsen 8y ago
  Yeah at Google you have autosale as well, whenever rsu vested they get sold and cash comes into my account. Slight hassle at tax time, other then that more or less the same as cash.
- jhall1468 8y ago
  They are "totally liquid" after 6 months which isn't totally liquid. And those 6 months are subject to the stock market so they inherently carry more risk than base (and higher potential rewards). You seem rather... aggressive with how much you want to downplay the differences and your entire contribution to this thread has been attacking "Netflix apologists" and defending any argument for cash-based salaries. It's fine if you don't like their culture/comp structure, but you sure seem to have an agenda here.
  - dunpeal 8y ago
    > They are "totally liquid" after 6 months which isn't totally liquid. That is simply untrue. In FAANGs I'm familiar with, vesting can be monthly, very much like cash compensation. Your other claims are untrue as well. I'm very much against presenting misleading information, such as comparing total comp at Netflix to base salary alone at other FAANGs. Especially when this misrepresentation is then used to make the blatantly false claim that Netflix comp is substantially higher than other FAANGs. The number repeatedly quoted in this thread shows the opposite: Netflix total comp appears to be lower than other FAANGs. I have no agenda here. My initial response to the article was based on what I read in the article. Holding meetings to explain how terminated employees were under-performing - is very toxic in my opinion, and fertile ground for abuse and misrepresentation. Several Netflix employees in this thread seemed to agree with this assessment.
  - joshuamorton 8y ago
    My stock vests monthly and is automatically immediately sold at market price. It's a lot more cash like than you believe. For a senior engineer, their stock will vest monthly or maybe quarterly. At Google at least, there is no cliff, so you begin vesting your first or second month.

strangerlands 8y ago

I hope you understand that there are people who worked at these companies and received offers and they know what they are talking about.

jhall1468 8y ago

First, I'm not a Netflix apologist, second, I explicitly said that if cash is important and third, I never compared it with the base salary of any other company. So what exactly was the point of this post? You can't compare base salaries, you can compare the benefits of all cash vs stock awards (401k, higher monthly income, no market emphasis on income). That was my entire point, so this diatribe about Netflix apologists has no business in this thread.