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These aren't annual pay packages. It's some "can't retire on that" base salary plus a promise of gradually vesting equity on a multi-year schedule. For public c
by recipe19 1y ago
These aren't annual pay packages. It's some "can't retire on that" base salary plus a promise of gradually vesting equity on a multi-year schedule. For public companies, you'll get that amount if you hang around for x years and there is no sudden decline in market price. For non-public companies (OpenAI), the equity is more pie-in-the-sky.
- yunohn 1y agoMost sources confirmed that yearly effective pay would be 100M level, unlike the normal tech breakdown. OpenAI doesn’t do the usual equity for employees, they famously do profit sharing.
- xandrius 1y agoI'd expect a few millions of annual pay, anyone could retire on that. Whether someone wants to, it's different but having anything beyond $1M available is definitely sufficient, especially if you're sub-40.