4 ms·
I don't see how 4-year stock grants that steadily vests are golden handcuffs at all, since if you switch to a similar company they'll just give you a new stock
by TulliusCicero 6y ago
I don't see how 4-year stock grants that steadily vests are golden handcuffs at all, since if you switch to a similar company they'll just give you a new stock grant that also steadily vests.
The only part that's like golden handcuffs is the 1-year cliff that's standard, but 1 year ain't bad.
- rawtxapp 6y agoMore likely than not, your current stock has appreciated significantly (at least at FAANG), so you would be leaving all the paper gains on the table. And it's not guaranteed that you're getting vesting stock at the next company.
- KaiserPro 5y agoDepends on how big it is. For me, my base salary is quite enormous, but with some work I could find something within 20%. (I am exceptionally lucky, its not skill) However, what I can't replace is the stocks. Depending on performance its ~3-5 times my already vastly over inflated annual wage. So I'm stuck here at the boring FAANG company not achieving very much, because to walk away from a small fortune would be madness. There is no real incentive to work harder, because the difference between working a normal 35hour work week, and the 75 hour week required for promotion is another 10% on base.
- ghaff 5y agoAdd to that the grass isn't always greener. If you've "lucked" into a really lucrative opportunity and you can do fine with sane working hours and a decent if not exciting environment, a lot of people would be advised to think hard and long before heading off.