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> Many workers are paid a majority of their income in the form of stock from the company they work for. A very small "many." I'd imagine that class consists m
by ardy42 7y ago
> Many workers are paid a majority of their income in the form of stock from the company they work for.
A very small "many." I'd imagine that class consists mostly of highly-placed executives (who can be assumed to be rather wealthy) and some number of people playing the startup lottery.
- chrisseaton 7y agoI think at many large enterprises getting paid in stock is standard for even junior line-worker hires. Google, Microsoft, Amazon, Oracle, etc. People a few years into their career are often paid a majority in stock.
- ardy42 7y ago> I think at many large enterprises getting paid in stock is standard for even junior line-worker hires. Google, Microsoft, Amazon, Oracle, etc. People a few years into their career are often paid a majority in stock. Maybe at FAANG companies (whose FTE workers tend to be very well off) and some other companies with a startup lineage, but I highly doubt this is very widespread. I, for one, would frankly refuse a compensation package that was majority stock, unless the salary was already good. It'd be too much like those Enron employees who filled their 401ks with Enron stock -- too many eggs in one basket. If someone who's otherwise well-compensated complains about missing out on dividends on their stock, I have the world's smallest violin here, ready to play a song for them.