The optionality is quite nice though if you can still get a long vesting grant.
Think about it - if you join Meta today, get a four year grant at say, 125k a year for four years... if it pops 20% by next year, that's "free money". If it doesn't, well, you can probably still go on the open market and get a competing offer.
I've made about 125k per year OVER my target comp working at FAANG in some good years.
And I lost money because AMZN did horribly between my offer letter and each vesting period between 2020-2023.
No I was no more going to keep 25% of my compensation in AMZN after it vested than I would now take the same amount of cash compensation I get now - ie my cash compensation now is the same as cash + RSU I was getting at Amazon.
I talk to my former coworkers at Amazon, they now have a choice between fewer RSUs and more cash. They always choose more cash.
And less risk. I knew my equity in a public company was immediately liquid when it vested and I sold it all and diversified as soon as it did.
Now that I make the same amount in cash as I did in cash + RSUs at BigTech, it’s not like I’m going to take 25% of my compensation and put it one stock.
VirusNewbie|9 months ago
Think about it - if you join Meta today, get a four year grant at say, 125k a year for four years... if it pops 20% by next year, that's "free money". If it doesn't, well, you can probably still go on the open market and get a competing offer.
I've made about 125k per year OVER my target comp working at FAANG in some good years.
scarface_74|9 months ago
No I was no more going to keep 25% of my compensation in AMZN after it vested than I would now take the same amount of cash compensation I get now - ie my cash compensation now is the same as cash + RSU I was getting at Amazon.
I talk to my former coworkers at Amazon, they now have a choice between fewer RSUs and more cash. They always choose more cash.
scarface_74|9 months ago
Now that I make the same amount in cash as I did in cash + RSUs at BigTech, it’s not like I’m going to take 25% of my compensation and put it one stock.