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by hagope 2785 days ago
Is this an accurate representation of comp? For the equity portion, for example if the value is calculated at 2018 peak stock market levels (RSU are granted in # of shares, not value of shares) then shouldn't all the equity values be discounted by the 10-20% drop in FANG stock values?
2 comments

Yes. Senior engineers at these companies are heavily compensated via equity. Total comp can fluctuate by tens of thousands each month. Its crazy hoe much picking a job has become an exercise in stock picking, and it’s crazy how little our individual performance correlates with comp.
I have a saying that we didn't become all of a sudden better people, but that we are over priced like houses in the bay area, subject to similar dynamics because the demand is large and from the wealthiest companies in the world.
I'm also somewhat curious about the "stock $ per year" measurement. If I get 650 RSUs that vest 100% over 5 years (front-loaded), and on year 3 I get another 250 RSUs with the same schedule, how exactly should I calculate that in dollars? One way would be to just take the figure on my tax returns that accounts for proceeds from selling them, which is what I would do. I also wonder if other people are including proceeds they may have received from ESPP arrangements...
Exactly, are people reporting the original value at grant date or current value of the grant, I wonder.
IMO people should be reporting "At grant" and it would be fair to gross public companies up by an estimated average market growth (~7%) .. ie 1/4th at 100% , 1/4th at 107%...