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$50 at his rate. And wouldn't he have to pay less, say $45, to come out ahead on the transaction? I, too, am curious where GP works.
by _archon_ 13y ago
$50 at his rate. And wouldn't he have to pay less, say $45, to come out ahead on the transaction?
I, too, am curious where GP works.
- curun1r 13y agoI work at what used to be a startup until it was acquired by a large company. I arrived at that number by dividing my annual comp by 2000 (40 hours per week, 50 weeks per year) and then rounding down to the nearest hundred. It's probably still a bit high because my comp will drop a bit in two years when I stop vesting my retention bonus. In retrospect, I wish I'd chosen a number that others would relate to a little better. At $50/hr, an $8.99 Netflix subscription is still paid for in just over 10 minutes of free time, which is just as illustrative of the point I was trying to make.