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Okay, I kind of get where you're coming from... but if you're good enough to get hired at Facebook, why not get hired at another BigTechCo? Maybe you'll get a
by mindgam3 8y ago
Okay, I kind of get where you're coming from... but if you're good enough to get hired at Facebook, why not get hired at another BigTechCo?
Maybe you'll get a bit less on salary, but that may be offset by stock options that increase in value. As opposed to joining a company when you are already convinced its value is on the way down, or even hoping for that scenario. It's weird, it's like you're betting against your own team.
- aaaaaaaaaab 8y agoI’m hoping for their value bottoming around the time I join, cause that maximizes the number of RSUs I get for the nominal value in my contract. After that I’ll be hoping for their stock to shoot up of course. And that’s the scenario OP was outlining.
- mindgam3 8y ago"I’m hoping for their value bottoming around the time I join, cause that maximizes the number of RSUs I get for the nominal value in my contract." You already explained this in your parent comment. "After that I’ll be hoping for their stock to shoot up of course." Why would it suddenly shoot up after you join? Assuming you're not joining as CEO, of course. "And that’s the scenario OP was outlining." What are you referring to? This scenario was not outlined in the original NYT article nor in my root comment.
- aaaaaaaaaab 8y agoSorry, didn’t realize I was replying to you (= OP). I was referring to this scenario: >The stock will have to tank for at least another 3-6 months before the prospect of a shareholder revolt will finally motivate the board of directors to put an adult in charge. If this happens then there’s potential for the stock to bounce back. Of course me joining would have nothing to do with it, but it would be my best-case scenario.