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The way that the majority of these numbers work out is that no, they aren't strictly 'salary', but they are given out in a way such that the employee does get $
by tidepod12 7y ago
The way that the majority of these numbers work out is that no, they aren't strictly 'salary', but they are given out in a way such that the employee does get $200k-300k (minus taxes) cash in their bank account if they so choose. FAANG companies don't operate or consider compensation based on your salary, it's all done based on total compensation which includes bonuses, RSUs, etc.
I see a lot of this "well it's not actually money, it's just $150k worth of stocks" reasoning to hand-wave away the absurdity of the high numbers, but it's silly to me. $300k is 300k, even if you have to submit an extra form once a month to convert the stocks to cash.
- DebtDeflation 7y agoRight, and that's fine (not sure why I'm being downvoted), but why not just say "I make X base salary, Y% target annual bonus, and I got a signing bonus of Z plus RSUs" like everyone in every other industry instead of adding it all up and calling it salary? There's a difference between guaranteed comp and variable comp, just like there's a difference between annual recurring comp and one time comp like a signing bonus.
- tidepod12 7y agoNo idea why you're being downvoted. I imagine the reasoning is because at the end of the day, in most discussions, it hardly matters the technical aspect of if the money came from a signing bonus or a stock option. $300k is $300k.
- esoterica 7y agoThe title says compensation, not salary. People usually say compensation or TC when referring to the total number. > There's a difference between guaranteed comp and variable comp All comp is variable since you can be fired or laid off at any time.