Now I’m feeling shitty

Genentech DyCY55
Jun 27 56 Comments

Been in IT for quite a bit of time and working in the same company for over a decade. Always known as a high performer - grew through ranks and now is at a director level role. Salary and bonus is close to 300k. Always thought this is good pay and along with other benefits, it’s almost one of the best. Age around 45 and net worth around 5mn. Thought it was all good. Until I saw the posts here today. WTF? I now feel like I’m cheated. Why the fuck did I not join Apple in 2005 when their recruiter begged me? Why didn’t I join Google when their senior leader asked me if I wanted to just talk to their recruiter (during a collaboration with Google back in 2007). I always thought the total comp between my company and these were on the same levels. and why did I shirk off when our CFO went to join FB as CFO and his direct report was my business counterpart who asked me if I’m interested? Every time I stayed back because I thought getting a promotion every couple of years was the measure of success in corporate america. Fuck! My ignorance was a bliss.

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TOP 56 Comments
  • Facebook ⭕w⭕
    You're the sort of person who would be upset for receiving $1,000,000 because you found out your friends received $2,000,000 smh.
    Jun 27 4
    • Google pxel
      Cut the guy some slack. Its natural. Most ppl on Blind feel it at one point or the other and it forces them to take action for the better. You can either make Blind a catalyst for change or just whine about others having better company/TC
      Jun 27
    • Genentech DyCY55
      OP
      I agree. But that’s also the reason why I got myself from relatively limited means in my childhood to where I’m. As I said in my post, I’m competitive and I don’t see it as a problem yet.
      Jun 27
    • Genentech DyCY55
      OP
      @pxel agreed about taking action. Been around the block long enough to know that there are always opportunities in the future just as many as there were in the past. It’s just that I kind of forgot/ignored/got complacent to look around for better opportunities. I take this as a wake up call.
      Jun 27
    • Amazon / Product
      Areyousure

      Amazon Product

      BIO
      Anyone Hire Product Manager :)
      Areyousuremore
      You can still join FB or Google now.
      Jun 27
  • Dude GTFO. Worth $5mil? you have nothing to complain about. Don’t believe everything you read and don’t be a greedy little beotch.
    Jun 27 4
    • Genentech DyCY55
      OP
      I’m a competitive guy. I watched my back and ran as fast as I could to avoid being left with the crowds. I have a fairly frugal lifestyle so having more money or making more money wouldn’t have changed my lifestyle but would’ve validated my ego more than anything. So I wouldn’t say it’s all pure greed (may be there’s a part of it but definitely not the significant part of it).
      Jun 27
    • Oracle bored566
      I agree. You are worth $5M (assume its including real estate) no need to complain.
      Jun 27
    • Amazon / Product
      Areyousure

      Amazon Product

      BIO
      Anyone Hire Product Manager :)
      Areyousuremore
      Then why are you not happy
      Jun 27
    • Rakuten / Other Raktnafool
      Clear proof that money doesn’t buy happiness. Millions of people would love to be in your position. You’re starting to annoy me now. 😜
      Jun 27
  • Google PCBro
    Switching might have also played out badly, you never know
    Jun 27 5
    • Genentech DyCY55
      OP
      How? I have always been in the top ten percentage of performers. I mean hindsight is 20:20 and nobody would’ve expected the insane growth of comp in the past five years but otherwise, these companies still would’ve been just as competitive. I think the stock comp made a humongous difference. When I joined, Apple sales were the same as my company’s and adjusted to today, Apple is at least six or seven times over.
      Jun 27
    • Oracle bored566
      So true.. What works in one company/team may not always work in other places. Team dynamics plays a huge role.
      Jun 27
    • Genentech DyCY55
      OP
      Little pond? Roche/Genentech has 45bn$ turnover with 90k employees. There aren’t many companies of that size in the Bay Area.
      Jun 27
    • Uber kasrows
      Ok big murky pond
      Jun 27
    • Epsilon ySPg80
      Welcome to blind! Better late than never
      Jun 28
  • Dell LUHV04
    How do you get to 5 million networth with 300k salary ?
    Asking from investment perspective?
    Jun 27 4
    • Genentech DyCY55
      OP
      Been in Bay Area for over twenty years so made some decent real estate investments
      Jun 27
    • Microsoft magic8
      Aka, I got lucky but it wasn’t good enough
      Jun 27
    • Amazon / Product
      Areyousure

      Amazon Product

      BIO
      Anyone Hire Product Manager :)
      Areyousuremore
      Lol☝️
      Jun 27
    • Genentech DyCY55
      OP
      @magic8 true. But when is good good enough?
      Jun 27
  • Autodesk Autobot
    This is kinda pathetic. You were happy with your job and salary... until you found out what other people earn? Your happiness (or lack there of) is directly related to other people. You should work on that before working on your very respectable TC.
    Jun 27 1
    • PayPal NotBillRdy
      It’s called human nature...
      Jun 28
  • Arthrex quarks
    You know how many life threatening diseases Genentech has treated? You were part of helping so many people who live now. The recombinant DNA technology is one of a kind and had helped millions of people live a life. Try to open your eyes and see the bigger picture. The scientists who invent those drugs are making half of what you make and content because they know what is a "job satisfaction" is.
    Jun 27 1
    • Genentech DyCY55
      OP
      You absolutely have a point. Thanks for reminding me why I joined the company in the first place.
      Jun 27
  • Facebook / Eng lkj630
    This is blind. People lie.
    Jun 27 2
    • Commvault / IT farPtr
      not true.. 300k-400k is normal with 8 9 yrs exp.
      Jun 27
    • Facebook / Eng lkj630
      It is now. Was it 10 years ago or whenever? I'm taking about the net worth bit.
      Jun 27
  • Peloton / Other
    Thizzy

    Peloton Other

    PRE
    Peloton, Samsung Electronics
    Thizzymore
    What do you expect? Did you not do your own research on market rate on salaries? They change. Did you also not know to grow your TC, moving from company to company for growth and better experience is the best way? You were at one company for over a decade. 300k TC isn't bad either so be happy with what you have.
    Jun 27 2
    • Genentech DyCY55
      OP
      The problem is, I did do some level of research but most of the time it was at salary plus bonus level. And from that perspective, the current company seemed to be in the same ballpark so the inertia took over I guess
      Jun 27
    • Peloton / Other
      Thizzy

      Peloton Other

      PRE
      Peloton, Samsung Electronics
      Thizzymore
      You were also very general in what you do. IT has many extremes in salary. You cannot compare a IT Director vs a Eng Director or senior engineer salary/TC etc. Depends on location, company etc also. You are doing well for yourself. Not alot of ppl get to your TC even though Blind seems to make you think otherwise.
      Jun 27
  • Workday / Product amg!
    Way to rub it in bro!
    Jun 27 0
  • Microsoft magic8
    lol, maybe you should have become a stocker broker. Bank multi million per year in bonuses. Oh, how about becoming a start up founder getting hundreds of millions when you sell. Why have your goals stop at what you see on Blind?
    Jun 27 1
    • Genentech DyCY55
      OP
      True. Complacency, I guess.
      Jun 27
  • Groupon thepoint
    Put it in a simple way, you can never make enough money. And seems you were happy with how much you are making before installing blind. So I won't bother too much about the TC over there at FB or GOOG, you probably won't be able to directly help save lives over there. It's all about what you want and what you see as the thing that matters in your life. Money? Sure, but it won't matter that much once you are above certain threshold, and I feel you are already above that bar because you were happy before seeing all those shits here. You can always move to F/G if you want but blaming yourself won't work, life is a one-way drive, and you never know what will happen if you joined another company in the past.
    Jun 27 0
  • IBM tAqC83
    You should think about what is decent money or net worth when you can retire and do what you want to do in life rather running rat race.Don’t look at rats who are ahead of you.Many will die as they cross 50+ with stress as they get some or other disease trying to accumulate more cheese(money).
    Jun 29 0
  • New lowTC1
    Once a type A, always a Type A. I get it. You could have easily joined intel or Cisco and gotten nowhere, you never know which company will do well and which will not. Having said that, what is your next step. Stay where you are, or look for the next google? This google/Apple ship has sailed AFAIK.
    Jun 27 0
  • New / Eng lAch28
    I completely understand your point of view. It is funny how some responses here are trying to belittle your perspective.

    Anyway, what’s happened has happened. Think about how to deal with it for the future. Do you want to and have the chance to switch now? If yes try and go for it.
    Jun 27 0
  • I wouldn’t trust most of the stuffs here and you already make bank anyway.. Be grateful with what you have, a lot of people don’t even have any retirements saved up.
    Jun 27 0
  • New nlfS37
    Misery loves company.

    In Fall 2000 (not 2010), Google gave me an offer for an SWE role, 50K options (with strike at $1). They had 70 people back then. These 50K options are equivalent to 400,000 shares (1:4 split just before IPO and later 1:2 split). I foolishly turned them down because I didn't like Silicon Valley and because I wanted to continue on my research path. Back then, nobody knew they could become so successful.

    What do you say to that?

    It hurts, from time to time.
    Sep 4 3
    • Dell LUHV04
      Wow that would be 40 million today

      Hopefully you did good on the alternative
      Sep 5
    • New nlfS37
      You missed a zero.
      Sep 5
    • Dell LUHV04
      God that’s a lot of money.
      Sorry about this.
      I cannot fathom how you must feel.

      Mind wonders - how many people google has made rich. When I go to LinkedIn and see a google employee from early 2000 , I should presume they are multi millionaires
      Sep 6
  • Oracle bored566
    OP nothing wrong in feeling this way. I am older than you and that too a woman. Imagine how shitty I must be feeling for leaving so much money on the table. Act on that feeling in a positive way. Don't let it ruin your happiness. Money is not the end all, be all
    Jun 27 2
    • E*Trade / Finance cbEV72
      Oracle was a hot employer some time ago. Dotcom era. Consultants were riding high and living like kings. Let the new maharajahs enjoy their years
      Jun 27
    • Oracle verylowTc
      yeah...
      Jun 27
  • Google krvP35
    How much net worth would make you happy? How much TC?

    300k / $5M easily puts you in the top (very small) X% of everyone who has lived on this planet. Do you feel like a complete failure compared to Bezos, Page, Bin, Zuckerberg, or Warren Buffet for that matter? A king living in the last century had a worse life than you have.

    I mean this in the best possible way, but you need to take a step back and completely reevaluate your value system. You're not worth a single cent post death.
    Jun 27 2
    • New / Eng lAch28
      I am not saying what you are saying is completely horse shit. But I am saying it isn’t a good answer to the OP’s question. We all make up our own goals in life. And a higher earning is a perfectly valid and morally good goal. If we get down to the gist of purpose of life, we won’t aim for anything. It is good that OP is thinking about having missed on higher income and should take steps to make up for it if he/she wants.
      Jun 27
    • Google krvP35
      "Having more sprockets than the next person" is objectively not a useful or fulfilling life goal, rather a sure way to be unhappy. I do agree it's a possible goal though, no questions about it.

      A more useful goal, for instance, would be "I want to live on a yacht all year round". In this case, true, $300k/$5M is not sufficient and OP had better get his/her ass in high gear.
      Jun 27
  • This comment was deleted by original commenter.

    • Genentech DyCY55
      OP
      I know. But it will surely leave me richer 😂
      Jun 27
    • E*Trade / Finance cbEV72
      Then what? Money is means, not the destination. If you feel shitty what’s the point? You need to work on your priorities. There is no spoon
      Jun 27
  • Oracle searsjbi
    You said salary + bonus is 300k but didn’t mention stock grant. Does Genentech give annual RSU refresh?
    Jun 27 1
    • Genentech DyCY55
      OP
      Yes. Some 50k+
      Jun 27