Personal Finance
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What do you think the Fed will do tomorrow?
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Heartwarming peaceful protests
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Modi is a legend, will be remembered for centuries to come
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Who are these retards asking for dictatorship in India?
I have a friend that is really into the rat race for money.. He told me that Lyft gave 200 range refreshers a year, so 800 4 years... to me that sounds insane taking in consideration that Apple do 150 over 4 years and Fb 250 over 4 year as well. Is Lyft the new place to get rich?
Is this what your friend is getting as a new candidate? I’m confused
Is that way you have unvested 800k(over 4 years) and you getting a grant “refresh” of 280k vesting in one year... so next year will be 200+280+ base that is around ~700k
Wow, nice. Thanks
200k refreshers that is given in the performance review and vests over 4 years. Right? How's that different than Apple and Fb?
Vest over 1 year
So they gave out 800k refreshers?!
There’s no fucking way they’re giving 200k per year in refresher money. That’s like too good to be true
I know!!!
Correct. That’s not true.
It vests over four years bro. Lyft pays well but the new comp plan really limits the upside.
My friend sent me screen shots of people posting in blind
1 year vest.
Yes. Possible but for L5 it is not that common
It’s not 200k fool. It’s same as before so 1/4 of traditional grant which was around $175k for 4 years. They add more if your tc went down due to stock decrease or you permed above Me
Knew it that is what I told my friend... I am like that could not be possible... not even Fb pay that much
Not even FB? Lyft used to pay higher than FB. Not anymore though
Well yes. What are y'all still doing at Apple Google Facebook? Didn't you get the memo?
Enjoying good wlb and stable TC growth? News like this make me happy because the more common it is the more likely FAANG will be forced to match. It's a win-win!
No way. Start up wins are not going to be matched by Fang. Those high TCs are compensated for the risks.
Well, many Snap and PINS L5 engs can make 1.4M due to stock appreciation even they may just been with the company for less than 1 year. Then there’s huge IPOs like Airbnb, Doordash, SNOW... the gap is bigger than you can imagine...
Too late join them now
For top performers this year comp is insanely good
Its bananas good and growing fast. Agree.
I made 960k last year as L4. Pre IPO companies are lit. Joining stripe soon.
No upside at Stripe due to their new RSU policy.
That’s pre-ipo Lyft is public already