5 ms·

Surely Twitter engineers weren't making $800k and more like $350k - 400k at the top end?

deathanatos 4y ago
I mean, I read it more as, it isn't a yes or no, it's "everyone has a price". I'll do your dirty, high-stress work for a price. For $800k? Yeah, we probably have a deal. For the parent poster's price, absolutely we have a deal. But that offer will never exist, and I rather doubt the lower $800k offer would ever happen.
Macha 4y ago
Sure, but now the company's been taken over by a madman, you'd need to pay me (and many others) a significant risk premium to even consider it.
- munk-a 4y ago
  We may be approaching the first time in history employees will demand a security deposit from their employer.
  - lotsofpulp 4y ago
    Isn’t that a sign on bonus?
    - joshmanders 4y ago
      Sign on bonuses are usually contingent on you staying for a certain period, and are paid out in chunks. At least that's how it had been anytime I was offered one.
lotsofpulp 4y ago
There is considerably more risk now. I would want to be paid daily too.
moosedev 4y ago
US-based principal and senior staff engineers, as well as staff engineers who negotiated hard with competing offer(s) and/or saw significant stock growth between their RSU grant and vest dates, could all have plausibly been clearing $800k in a given recent year. Even senior engineers, in outlier cases of the stock growth case.
- smileysteve 4y ago
  But as of the takeover, RSUs and options are likely being offered valued at the takeover price, while Elon knows the next 409A will likely value the company at ¼ of that.
- dangerwill 4y ago
  Twitter went public at $45 a share and only had a max of $77. Sure some engineers could have almost doubled their RSU valuations if they had perfect timing but this isn't a case like GOOG/APPL/TSLA where 100x jumps occurred. Or is my thinking here naive?
  - moosedev 4y ago
    I think your thinking is correct, and “almost doubled” is the kind of multiplier I was thinking of for the outlier, but not unrealistic, cases of some staff engineers or even occasionally senior engineers ending up with as much as $800k total comp in a given recent year. No need for 100x or even 5x stock growth to have occurred.

I mean, I read it more as, it isn't a yes or no, it's "everyone has a price". I'll do your dirty, high-stress work for a price. For $800k? Yeah, we probably have a deal. For the parent poster's price, absolutely we have a deal. But that offer will never exist, and I rather doubt the lower $800k offer would ever happen.

Macha 4y ago

Sure, but now the company's been taken over by a madman, you'd need to pay me (and many others) a significant risk premium to even consider it.

munk-a 4y ago
We may be approaching the first time in history employees will demand a security deposit from their employer.
- lotsofpulp 4y ago
  Isn’t that a sign on bonus?
  - joshmanders 4y ago
    Sign on bonuses are usually contingent on you staying for a certain period, and are paid out in chunks. At least that's how it had been anytime I was offered one.

lotsofpulp 4y ago

There is considerably more risk now. I would want to be paid daily too.

moosedev 4y ago

US-based principal and senior staff engineers, as well as staff engineers who negotiated hard with competing offer(s) and/or saw significant stock growth between their RSU grant and vest dates, could all have plausibly been clearing $800k in a given recent year. Even senior engineers, in outlier cases of the stock growth case.

smileysteve 4y ago
But as of the takeover, RSUs and options are likely being offered valued at the takeover price, while Elon knows the next 409A will likely value the company at ¼ of that.
dangerwill 4y ago
Twitter went public at $45 a share and only had a max of $77. Sure some engineers could have almost doubled their RSU valuations if they had perfect timing but this isn't a case like GOOG/APPL/TSLA where 100x jumps occurred. Or is my thinking here naive?
- moosedev 4y ago
  I think your thinking is correct, and “almost doubled” is the kind of multiplier I was thinking of for the outlier, but not unrealistic, cases of some staff engineers or even occasionally senior engineers ending up with as much as $800k total comp in a given recent year. No need for 100x or even 5x stock growth to have occurred.