Dealing with golden handcuffs ($1.5M)

Aug 22, 2019 54 Comments

Guys, I am applying to FAANG but don’t want to waste my time. I have about $1.5M worth of unvested stocks at Microsoft. I am wondering if any of the FAANG companies won’t be able to compensate this loss as equity or by some other means. I am targetting Google L6/L7, Facebook E7, Amazon L7 and very likely would not accept anything below.

Any tips dealing with my golden handcuffs would be appreciated!

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TOP 54 Comments
  • Facebook public2
    Rofl, 1.5m isn't golden handcuffs. 1.5 a year wouldn't even qualify. Is this real?
    Aug 22, 2019 3
    • Facebook public2
      You lost me on that one. The point here is that normal comp isn't what golden handcuffs refer to.
      Aug 23, 2019
    • Facebook / Eng yjo
      For msft, that pays peanuts this sure is golden handcuff
      Jan 30
  • Amazon Oathinlay2
    Bring this up at the very beginning with your recruiter. That will tell you if it’s worth the time.
    Aug 22, 2019 2
    • Microsoft BonsaiBoss
      OP
      I don’t want to give them numbers in advance because that would lead to sure low balling from everyone!
      Aug 22, 2019
    • Amazon Oathinlay2
      Tell them you make x right now and are not looking to move without more than x. Looking for even more is hard but transferring your golden handcuffs is possible.
      Aug 22, 2019
  • Amazon / Eng Chad🕶
    How long does that take to completely vest?
    Aug 22, 2019 6
    • Splunk tgrmqw
      No equity refresher? I am pretty sure it will be higher than what you are calculating.

      I heard Linkedln does not do refreshers for everyone. Is that true? I am not sure about Microsoft policy.
      Aug 22, 2019
    • LinkedIn billz
      Any given cycle, LinkedIn gives some refreshers and some not. It depends primarily on performance, but also on current comp relative to your level's band, etc.
      Aug 22, 2019
  • Facebook unixphil
    No company will give that to you as a sign-on bonus. It would be your equity grant. I'm not going to tell you the equity grant range but you just need to think about this, the companies know the pay scales of the other big players and at equivalent levels everything is obviously going to roughly match up. They know a lot more about the market pay rates than you and they are not going to waste their time either.
    Aug 22, 2019 5
    • Facebook unixphil
      They vest over 4 years. Each company has a different schedule and some weight it heavier towards the end of the 4 years.. eg Amazon I think do 5,15,40,40% which sucks.
      Aug 22, 2019
    • Facebook unixphil
      Fb and Google vest 1/16 each quarter.
      Aug 22, 2019
  • Quicken Loans / Eng the original persimmon
    not FAANG but you could try LinkedIn, they allow you to keep your unvested stock when you transfer, I believe
    Aug 22, 2019 7
    • LinkedIn ugjM43
      And if you take a lower role I think it still transfers
      Aug 22, 2019
    • LinkedIn billz
      I'm not aware of this transfer policy. But my point is he might get a better offer from LinkedIn as an external candidate anyway.
      He said he's already L7 above.
      Aug 22, 2019
  • Oscar
    🐨koala

    Oscar

    BIO
    I am a Koala. DM me if you want to cuddle.
    🐨koalamore
    Why do you want to leave?
    Aug 22, 2019 1
    • Microsoft BonsaiBoss
      OP
      Projects are becoming very boring at where I am. Given lack of challenges means management has no appreciation.
      Aug 22, 2019
  • This comment was deleted by original commenter.

    • Microsoft /More/$$$$
      Why does “pure storage” sound salty lmaooo you can get it too mr tainted storage lol
      Aug 23, 2019
    • Salesforce barnacles
      “Tainted storage” 🤣
      Aug 23, 2019
  • Amazon / Eng AMZNBucks
    If they can't beat your current comp, then why not just transfer internally to a better team? And how many YOE do you have, impressive to see Microsoft go that high in comp
    Aug 22, 2019 1
    • Microsoft BonsaiBoss
      OP
      Microsoft has magically decided not to be a player in all of the areas I am most interested in :).
      Aug 22, 2019
  • Facebook AyyoLeMayo
    So you want them to compensate you by giving you it in cash ON TOP OF the usual stock grant??
    E7 at FB already gets 1M+ stock grants
    Aug 22, 2019 3
    • Microsoft BonsaiBoss
      OP
      This is another thing I am wondering. Do they usually? In worst case, if they might say your stock grant already compensates for unvested stock then a major issue is that cost of housing difference (approx $1M) which it was supposed to cover originally now is off the table. That would be tough choice to make but I want to understand what are the usual norms here for golden handcuffs.
      Aug 22, 2019
    • Facebook / Eng QGhE38
      Just go to Seattle office. Problem solved
      Aug 22, 2019
  • Twitch noninja
    SDE? SDM?
    Aug 22, 2019 2
    • Amazon newAz
      It should be a director level
      Aug 22, 2019
    • Microsoft BonsaiBoss
      OP
      SDE and want to pursue IC engineering role at FAANG although I have managed teams
      Aug 22, 2019

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