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orb_king t1_iukx6rs wrote

Reply to comment by [deleted] in Employers that have four or more employees in NYC are legally required to share salary ranges for job listings. by [deleted]

Yes and no - I dunno about you, but I’m not very interested in tech stocks as compensation right now. When the market is blowing up like it was last year? I’d totally agree with you.

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redmandoss t1_iukzekc wrote

I think it’s the other way around. People with grant dates from last year have worthless options now. Getting in low is how you actually make $

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D14DFF0B t1_iul21yk wrote

I'm not aware of any public companies still granting options. It's all RSUs.

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redmandoss t1_iul5rnk wrote

From first hand experience they definitely are

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baseballctr31 t1_iupx2rf wrote

  1. also confirmed untrue based on personal experience; and 2) even with RSUs, the number of shares you get is based on the stock price on the grant date regardless of when those shares vest. So if you had a grant date in 2021 at most tech companies you’re already fucked
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virtual_adam t1_iumalar wrote

There’s no other option though. Lots of companies peak the base pay - even for a VP or CEO at ~$200k, 300k in an extreme condition. The rest is just bonus and RSU which is hidden by this law

It’s not like Meta is compensating people with $600k TC to more cash now that the stock dropped. It’s take more RSUs or quit

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D14DFF0B t1_iul28qt wrote

It's industry standard. Netflix pays all cash as do most finance firms. Other than that, you're getting RSUs (if public) or options (if pre-IPO).

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