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Wait... it's actually not a raise! They are raising the base salary of everyone by 10%, but offsetting it by reducing the equity compensation. I guess the net r
by alain94040 16y ago
Wait... it's actually not a raise! They are raising the base salary of everyone by 10%, but offsetting it by reducing the equity compensation. I guess the net result depends on where the stock is going, but it's not as "cool" as it sounds.
From the alleged e-mail:
we’re moving a portion of your bonus into your base salary. That’s also effective January 1st.
- paulbaumgart 16y agoYou sure? I interpret the "there’s more" at the beginning of the paragraph and the "also" in the part you quoted as meaning they're replacing the equity with a base salary raise in addition to the 10% raise. But we should probably wait for a confirmation from someone who actually works at Google. :)