FNG has only had good stock for past 1-2y. It has crashed in 99, 09, 2015... Every ten years about, and stays low for the majority of the time. Say you got an Amazon job in 2014 when the stock was 380. By the time it vested you've lost a third of it's value. And if your base was 150 with 100k stock, it's a 270k TC. Less, since the present value of the future comp declines 10% a year because you could invest yourself. Compared to, say, a 250k C2C contract at Albertsons or whatever. If the stock has a volatility of 100% and a 30% chance of crashing any given year, there's something called a Sharpe Ratio that comes into play. That's your risk adjusted return. Doing your own investments at a 100% return (just hold a hedged Amazon position) and 10% risk of loss is 3x better Sharpe than your hypothetical rsus. So the stock TC is pretty worthless, if you do the math correctly it's about 1/3 of it's purported value due to the company investing for you like you're a babby. Plus add 15% for C2C. The 500k goog salaries with 200 base are comparable to a 120 hr contract, which is a really a 100hr contract plus negotiation. Everyone pays the same faang just plays math games.
Yes poor folks at FB/G struggling so much. Hope they get free food at least
They are rich because they don't know to invest on their own and have the company do it for them.
Most of F/G friends I know have their RSU automatically sold upon vesting and transferred to an index fund. Stop being so insecure and jealous.
Someone sounds jelly. My bonuses pay bonuses every qtr. Many people dont sell their rsu as soon as it vests.
But bonuses are still gambling, they could fire or whatever and it's the same as a crash.
Yea those idiots who held Amazon RSU because they dont know finances! I pity them.
You math is way off. Whoever got amzn at 380 is a millionaire now
Because they held the stock, it is not TC.
Even if sold its still way off
This guy has serious insecurity problem.
He got rejected interviewing for a FANG, and now posts a bunch of posts to make himself feel better.
Come to the party and enjoy it while it lasts. Sell or hold is up to you, this decision does not definite your TC.
But for blind, it does.
Tldr: I'm jealous that I'm not at FNG so let me write something to make me feel better.
This is the same Albertsons guy from that other random post I think
You don’t have to think. It’s obvious. That guy was a loser too.
Lol OP. You know that no one is going to buy your logic , right ?
They don't care because the company does everything for them
Can't hear you over me getting paid more than double. And that's if I sell as soon as it vests 😂
lmao this guy again
Sure, TC drops in a crash but you are wildly, wildly exaggerating. Most employees of those companies have done extremely well. 100% volatility with a 30% chance of crashing any given year isn't even within the realm of reasonable
Because they don't invest on their own. It's not the TC, it's the fact that the company is forcing you to not invest reardedly and handholding you.
A big part of our compensation is stock that vests over time and ties our success to the success of the company. I'm not sure what's so difficult for you to understand. I'm also not sure where you get that we don't invest on our own. Not sure why you think that.