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Ridiculously high packages- I left a premier hedge fund last year, and right as the ink dried on the paperwork for my new role, a friend called me who I worked
by kevstev 4y ago
Ridiculously high packages- I left a premier hedge fund last year, and right as the ink dried on the paperwork for my new role, a friend called me who I worked with in the past that landed a high up role there running a big revenue generating piece of their technology org, and I was like bud, its been awhile, I have been very fortunate, you might not be able to afford me... and he blew me away with comp about 50% higher than I had just signed for, and it wasn't one of those its all stock that vests in 4 year things, it vested I believe quarterly, with no restrictions to hold further. We are talking comp around the 7 figure range. Huge numbers.
- blahblah123456 4y agoNormal is a 4 year grant, with a 1year cliff, that is thereafter quarterly/monthly.
- kevstev 4y agoI'd have to look at my notes, but when they reached out they had just changed the schedule/vesting, but who knows may have changed it again since- this was a bit over 6 months ago. I just remember this is a big number that really had very few strings attached, which those big numbers often do. I felt no need to do an internal discount to what my real expected annual comp would be which I have pretty much always had to do when comparing offers in the past.