[marssaxman]

I made as much money on Google RSUs as I've made on every other form of equity offered as part of a "total comp" package over the course of my career, which is to say, nada. Total comp is bullshit, no matter how enthusiastically the recruiters try to convince you otherwise; salary is all that matters.

[347067]

Stupid question, but since Google is a public company couldn't you lock in a certain profit on your RSUs with options in a private account? Or are you talking about the restrictions on vesting are meant to make them worthless for most employees because they'll be forfeited on some draconian technicality before exercising?

I remember on Bogleheads people talking about how to reduce the risk of investing in something like an ESPP to avoid an Enron scenario, and the consensus was using options in a private account so that you get a definite payoff.

[marssaxman]

I don't know what a "private account" is; I was referring to vesting restrictions.

[347067]

Ah makes sense now. I thought you were referring to losing money on poor performance of the underlying stock between offer and exercise. "Private account" just meant buying put options in an account you control versus something like employer payroll deductions in an ESPP.

[monktastic1]

Why did you make nada? For many engineers senior and above, the RSU value is even greater than the salary.