One problem is that companies like to talk about these stock grants as if they are as good as regular salary (and employees seem to play along, using terms like "total comp" and ascribing some definite dollar value to it). But they really aren't. So it is a bit of a deceptive marketing.
whateveracct|3 years ago
Going from X "total comp" to X salary is an improvement in itself. Not even to mention how that total comp is often bumped by once-yearly vests/bonuses - spreading it as salary means you get it asap and can walk more easily.
I did it earlier this year..and the public company I left tanked next quarterly earnings report. Luckily I converted that to guaranteed salary (which is now gonna hopefully anchor me for the next gig lol)