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Isn't that already what is happening at FAANG companies? According to levels.fyi, a senior developer at Facebook and Google is at ~$360k in total comp. After wo
by xur17 7y ago
Isn't that already what is happening at FAANG companies? According to levels.fyi, a senior developer at Facebook and Google is at ~$360k in total comp. After working 5 or 10 years, you could easily have $1M in savings (perhaps a bit more challenging given the cost of living where these companies are located, but still possible).
- andrekandre 7y agoyea, that is definitely true that they are compensated very well, but i was thinking in a more “equitable” way considering the insane profits they are generating if you added say half the profits to employees and half the stock as well, they could become multi-millionaires even sooner.... maybe it’s just my bias, but i feel like if those employees were really empowered by their earnings they would be more entrepreneurial and start all kinds of new ventures i guess this is just my crazy idea, but it’s something i feel strongly recently... it’s just weird to me to see such huge amounts of capital just sitting there (or being used in buybacks)
- alain94040 7y agoAn engineer at Google started a new ambitious project and the rewards were structured similarly to doing your own startup. After the math was done, his payment added up to $600M. Anthony Levandowski then left for Uber and the rest is history.