![]() ![]() And was so glad when I walked away from that miserable experience.) So, I consider the value of stock in a "total compensation" package to be $0, and make my decisions now on base salary alone. (Real Networks managed to be both, during the dot com bubble the expected future value of my options peaked somewhere north of $1.5 million, before the crash, but I ultimately cleared $0. The companies whose stock is measurably worth something have turned out to be terrible places to work, and none of the startups have panned out. This has been true of "total compensation" across my whole career: base salary is real, but stock has never amounted to anything significant. So, who cares what it could potentially have been worth if the world had been different? The world is what it is, and the money was, in fact, nonexistent. The stock was almost entirely imaginary for me because I didn't stay long enough, and I didn't stay because I had no other way to get out of the pointless, demoralizing situation I was stuck in. Look: I ran those numbers, I made that choice, and going to work for Google was one of the few career decisions I can clearly call a "mistake". (Not that any sane person thinks that's the most important aspect of such a choice.) roughly $45k per annum, probably more by the time it vests), vs working at a startup offering a base pay of $150k (plus say 10% bonus target dependent on revene, and some joke amount of stock valued at some joke number), I think it's pretty obvious that purely from an expected-value-financial-benefit standpoint, you should go with El Goog. If you're choosing between an offer at Google, say with $110k plus 15% bonus target plus 4 years of stock currently valued at $180k (i.e. The point of all this is that it is completely reasonable, when discussing how much Google paid a person, to sum up their base pay, plus their bonus, plus the value of the amount of stock that they vest in a year. It would also be completely silly, supposing that you'd worked at Google for 17.9 months and gotten 15 months of stock vestiture, to describe the stock you get 3 days later as a "windfall". I agree it'd be a lot nicer if it vested daily, but it's completely silly to characterize this as imaginary. Which means that, past the first year, at most 90 days of stock is money that might vanish if you leave. The Google vesting schedule, AFAIK, is 1-year cliff and then quarterly vesting thereafter. I mean, fine, call it imaginary if you want, but that's true of all pay. Okay, the stock in the 4-year stock grant is imaginary in the same sense that your future salary is imaginary. ![]()
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