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This is good advice. But it's worth pointing out that by default many of these people are heavily invested in GOOG. And those that aren't are probably heavily i
by ants_everywhere 3y ago
This is good advice. But it's worth pointing out that by default many of these people are heavily invested in GOOG. And those that aren't are probably heavily invested in market instruments propped up by the GOOG price.
So, mumble mumble, something about diversifying.
I'm sure the layoffs are likely to lead to a short-term bump because the markets will interpret it as Google adulting. But if they're signalling that they're afraid of AI eating their market share, then you probably want to be proactive about that.
- scarface_74 3y agoIf they kept a large chunk of their vested stock in the same company they are working for - or any one company, they are doing it wrong
- ants_everywhere 3y agoWell, yeah I agree. But I think most people do by default. That's really the idea of vesting... to align employee interests with the interests of the company.
- scarface_74 3y agoAt least at Amazon they gave you a choice pre vest between - sell all when they vest, sell enough to pay taxes, and sell none. I always chose option 1. This is like personal finance 101. And for the company the purpose of RSUs instead of cash is to not deplete cash reserves.