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> Mr. Stephenson’s offer letter provides for an initial base salary of $600,000, an initial target bonus of 75% of his base salary, and a one-time hiring bonus
by alexpotato 6y ago
> Mr. Stephenson’s offer letter provides for an initial base salary of $600,000, an initial target bonus of 75% of his base salary, and a one-time hiring bonus in the aggregate amount of $2,400,000
While I've received signing bonuses in the past, I was not aware that you could get a signing bonus that was 4x of your base salary.
- robbiemitchell 6y agoIt could be buying out whatever package is being left behind at a previous gig.
- rattray 6y ago(for others wondering, this is their CFO)
- fastball 6y agoDon't forget the $4m exit package.
- chx 6y agoTo quote the PR from the time: > Dave joins Airbnb from a 17-year career at Amazon, where he was most recently Vice President and CFO of their Worldwide Consumer Organization, which is responsible for all of Amazon’s global website sales including Amazon Prime and subsidiaries such as Whole Foods and Zappos. For someone like that, you pay whatever you need to pay.
- achow 6y agoThis could easily be to compensate for unvested Amazon stock that he maybe leaving behind.
- alexpotato 6y agoWouldn't they just do a 1 for 1 trade in AirBnB stocks or at least RSUs or options? That would seem preferable from an "aligning of interests" perspective.