2 ms·
> Big tech companies like Apple are more meritocratic and generally offer smart people much better deals. It’s mindblowing how big of a gap this is for these n
by snapetom 1y ago
> Big tech companies like Apple are more meritocratic and generally offer smart people much better deals.
It’s mindblowing how big of a gap this is for these non-tech companies. I work for a company that sold to PE. The owners walked away with the vast majority of a 1.5 billion deal.
I asked if employees were given anything. “Sure. Some got as much as 50k!” I was told.
Using some standard equity math for early engineers, I back of napkined that the 25 year tenure engineers, if they were at big tech, should have gotten low 7 figures. Nope. They got 50k out of 1.5 billion.
(No, PE had no say on how that 1.5 billion was divided up for those of you quick to blame PE.)
- jart 1y agoYeah tech startups are great like that. Big tech companies are even better. With them, you don't have to wait for a successful exit, or even work there that long, to get your low seven figures. No one in America is working harder to restore the middle class than the tech industry. Even the person who cleans my house makes more than 50k. Meanwhile legacy enterprises and private equity are doing everything in their power to destroy it. This is a moral righteous struggle for the heart of America, which makes it such a shame that Lamego was found by the courts to have acted dishonorably, but we mustn't forget who's side we're on.