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I wouldn’t want to work at a place like Netflix that doesn’t comp with equity, especially after a year like 2020. A 500k TC could easily be 800k+ now, if that’s
by almost_usual 5y ago
I wouldn’t want to work at a place like Netflix that doesn’t comp with equity, especially after a year like 2020. A 500k TC could easily be 800k+ now, if that’s cash it’s still 500k and worth less due to inflation.
If the stock significantly depreciates there will be layoffs anyway.
- ijamj 5y agoBeauty of cash is that you can do whatever you want with it. For example, buy Netflix shares. Or buy Alphabet shares. Maybe Apple. That way you can both benefit from upside and somewhat protect from downside of your own employer's shares tanking all the while you're getting laid off (as you're suggesting).
- deleted 5y ago[deleted]
- andreilys 5y agoThe funny thing about cash is that you can use it to buy equity. Who knows, maybe you’ll even learn to diversify by investing in areas uncorrelated to your line of work
- almost_usual 5y agoIt’s equivalent if the cash bonus is paid up front or at the beginning of 2020 when the employee starts. So 200k base and 300k signing bonus. I _thought_ Netflix comps with a cash salary and if that’s the case it’s worth less than equity. The salary depreciated over the course of 2020 while an equity grant would have appreciated from the start.
- thor24 5y agoRead my above comment.
- almost_usual 5y agoThanks for clarifying
- decafninja 5y agoWe can’t base everything on 2020 though. My stock portfolio absolutely skyrocketed in 2020 beyond imagination. But it has remained mostly stagnant in 2021. Would cash+equity comp still be preferable to an all cash Netflix comp in that case? I guess the gist of my question is: Non-Netflix FAANG level company salary + stock without appreciation >= Netflix all-cash salary?
- deleted 5y ago[deleted]