3 ms·

I know of a few cases(I can think of 3 off the top of my head) where people are paid a few million to "shut up and do paperwork"(or not do so). All involving v

I know of a few cases(I can think of 3 off the top of my head) where people are paid a few million to "shut up and do paperwork"(or not do so). All involving very high level people who are planning on leaving a company and that company not wanting them to go work for a competitor so they get a fat cheque and a contract saying they won't work for a year or 2.

PakG1 16y ago
An executive, OK. But a non-senior engineer?
- piaw 16y ago
  Having assisted in negotiating a couple of those multi-million dollar offers, that is absolutely correct. Most of those offers aren't going to "successful senior people." They're going to people who were repeatedly passed over for promotions despite doing great work (i.e., people who fail to manage their careers properly).
  - AlexC04 16y ago
    I've read this a few times and am trying to parse exactly what you mean. The million dollar offers tend to go to people who keep their head down and quietly work hard, possibly doing less-than-glamorous work (As opposed to the big-shot high flying 'executive' who get their photo in the company newsletter)? That seems counter-intuitive to me - but - maybe it's because the "company newsletter types" are already getting the recognition and compensation they deserve? Or at the very least get the opportunity to discuss those factors more often?
    - piaw 16y ago
      That's because those are the people most likely to apply to another job! The people I know getting the big packages aren't waiting to be "noticed." That's not likely to happen since they weren't recognized where they were. They took a proactive approach and shopped around for a new job. Only then were their contributions recognized internally and the big offers were required to keep them as they were already pissed off. Trust me, it's not the fast track people who are getting the giant paydays right now. Those people are sitting pretty and already have substantial awards and wouldn't bother interviewing elsewhere.

PakG1 16y ago

An executive, OK. But a non-senior engineer?

piaw 16y ago
Having assisted in negotiating a couple of those multi-million dollar offers, that is absolutely correct. Most of those offers aren't going to "successful senior people." They're going to people who were repeatedly passed over for promotions despite doing great work (i.e., people who fail to manage their careers properly).
- AlexC04 16y ago
  I've read this a few times and am trying to parse exactly what you mean. The million dollar offers tend to go to people who keep their head down and quietly work hard, possibly doing less-than-glamorous work (As opposed to the big-shot high flying 'executive' who get their photo in the company newsletter)? That seems counter-intuitive to me - but - maybe it's because the "company newsletter types" are already getting the recognition and compensation they deserve? Or at the very least get the opportunity to discuss those factors more often?
  - piaw 16y ago
    That's because those are the people most likely to apply to another job! The people I know getting the big packages aren't waiting to be "noticed." That's not likely to happen since they weren't recognized where they were. They took a proactive approach and shopped around for a new job. Only then were their contributions recognized internally and the big offers were required to keep them as they were already pissed off. Trust me, it's not the fast track people who are getting the giant paydays right now. Those people are sitting pretty and already have substantial awards and wouldn't bother interviewing elsewhere.