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Shopify’s system drastically limits the upside which is unattractive
by endisneigh 4y ago
Shopify’s system drastically limits the upside which is unattractive
- mabbo 4y agoIf you want upside, you can get paid almost entirely in options. The upside is huge.
- endisneigh 4y agoSure, but options are not RSUs. Shopifys system is little different than all cash and an employee stock purchase plan. For better or worse.
- mabbo 4y agoThen you can also get paid in stock. Like, the system lets you pick between cash, options, RSUs. Whichever is your favourite, take it.
- endisneigh 4y agoThe point is that the way it’s implemented is effectively a stock purchase plan.
- Ancalagon 4y agoAny time a company uses "flex" in the name I now associate it with generally making things worse. "Flex PTO", "Flex Pay", "Flex Role" (aka remote but not really)
- adam_arthur 4y agoIt limits the downside too. There's a lot of upside already to making 300k+/year and investing it wisely. Guaranteed millionaire status with close to 0 risk. Look how spoiled many of us have become in tech, though, that we have people like you saying this. It's not gonna last forever
- endisneigh 4y agoSaying that RSUs have more upside than full cash comp has nothing to do with being spoiled lol. It’s just a mathematical reality.
- adam_arthur 4y agoThe spoiled part is saying that it's unattractive due to limiting upside, without appreciating that it limits downside too. Most who got RSUs over the last two years lost big, and I bet they regret having a variable comp component now. Choosing RSUs over cash was a horrible choice for most in recent years Hopefully GenZ/Millenials are learning the important lesson about fair value and fundamentals
- endisneigh 4y agoSure, and those who got RSUs over the last decade gained big. So what. Obviously stocks go up and down.
- adam_arthur 4y agoYou sound pretty smart and well versed in the stonk investing. Going to be great to see many of the 80%ers in tech have to face reality when the recession comes next year... hope you're a 20%er. To be clear, Tech employees have been grossly overpaid the past decade (including myself). That reality is ending soon... get used to it
- endisneigh 4y agoStonk investing? Lol. Given that you’re just rambling at this point I think we’re done here. Good luck.
- pb7 4y agoGrossly overpaid? What are you basing that on? Every company that is paying big bucks is generating revenue that is 5x+ the cost of the employee. Many tech employees are underpaid, if anything.
- wussboy 4y agoAnd your compensation choices are valuable information to Shopify and indicative of your "buy-in" to what they are doing....and therefore could be used against you.