Netflix still does this - they pay top of the market in cash, no stock, and encourage employees to bring them competing offers so that they have even more hard

Netflix still does this - they pay top of the market in cash, no stock, and encourage employees to bring them competing offers so that they have even more hard data on what the top of the market is for a Netflix employee. They also have an ESOP, so you do still have some privileged access to the stock.