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Does anyone know if these types of $100M numbers are actually true? I think it makes a great headline but wouldn't everyone at senior ranks get packages like th
by capred 14y ago
Does anyone know if these types of $100M numbers are actually true? I think it makes a great headline but wouldn't everyone at senior ranks get packages like this making it unsustainable?
- niggler 14y agoGoogle is a 258B market cap company (as per yesterday's closing price). They can afford to give hundreds of these packages, even if they diluted the stock, without moving the needle too much.
- rhizome 14y agoIt's only paper, and Google is under the spotlight for anti-poaching collusion. This story makes them look like in-demand workers benefit from their policies rather than the worker just laboring away unaware that other companies have already agreed with Google not to try to hire him away.
- waterlesscloud 14y agoIt does seem likely that some tricks were involved to arrive at a sensational number. But if Google pays an average engineer on the order of $100,000 , this is 1000 times the average annual salary as a one time bonus. That seems exceptional, certainly, but not completely insane. On the flip side, it might keep a certain type of engineer for bolting for a startup. Even the most optimistic entrepreneur knows the odds of a $100 M payday are pretty much non-existent.
- robrenaud 14y agoGoogle pays a starting engineer fresh out of college that much salary, and then there is stock and bonus incentive compensation.
- Evbn 14y agoHow many people do you think are VP's at Google? A few hundred at most? $X million per year is normal for a big co VP. This isn't like a bank were every teller or saleman is called VP. He is a One-percenter at the top of the Google pyramid.