Agree
What happened? Any news links?
Their offers have static strike price of $200/share because they think that's what it's worth
How is this even legal?
Loooool did you also receive an offer with this ridiculous statement?
I received an offer from Argo AI stating that the company is worth $20B when it’s actually $12.5B. They said “we believe in the future of our company” when I said the offer was bullshit.
Always wondering how to value a private company stock value? 12.5B is based on VC's value right? It may be overrated by them like instacart.
We already started shaming this bs months ago, welcome to the train
Your leadership found a great way to give one year of stock over four
Affirm has entered the chat
Does Affirm have a similar sign-on structure as well? Jesus, maybe everyone's bleeding worse than I thought right now.
Amazon used to incorporate 15% per year appreciation to RSUs. Now it is lower I think. But this is like 400% appreciation baked in. Ridiculous. I am offended, just hearing this. They deserve a table flip, these W guys. (╯°□°)╯︵ ┻━┻
Wayfair bakes in 50% YoY appreciation when aiming to provide enough equity to ensure that current employees are paid their target compensation So $200 this year, $300 next year and $450 in 2 years
As of today stock is $56, the last 30 days is similar. Do they like take the last year's average as the base to apply 50% appreciation?
CSO?
Chief Science Officer
Wow… what an lame attempt to inflate the TC. Why would anyone use different share price than their trading value?
To obfuscate low salaries.
How dumb do they think the potential hires are?
Dude we know, try telling our CEO that. He's too busy telling us He KnOwS mOrE tHaN WaLlStReEt.
When offered equity as part of TC what questions should be asked to the recruiter or noted on the offer letter to avoid a situation of being taken advantage of like this?
Ask them what the rsu strike price is. Usually it will be something like closing value of stock the day you join, or average of the month/week you join. Which to be honest is hit or miss. Sometimes the stock nose dives or sky rockets and your TC with it.
Thanks, appreciate the insight for the future.
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Closed now - thank you all
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So, is that how much your RSUs valued for your TC? How about for recent hires?
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