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by gpapilion
2110 days ago
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Netflix’s comp model is weird, similar to google but all cash. The stock program was based on options you purchased with a strike price 2x the current price. You could direct between 0-100% of your salary to it. If you can wait it’s a great way to make a lot of money. |
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Unless they changed it, the option price was 40% of the strike and the strike was the current price on purchase day, which was monthly. Gave a nice dollar cost average. But you could only put in up to 50% of your salary, plus you got an automatic 5% of your salary put into the stock program.
When I worked there the price was 20% of the strike and you could do 100% of your salary. I had friends who did 100% of their salary, which are now worth tens of millions.