> Poole lasted just five years at Google, which CNBC notes is usually just long enough for any employee's shares attached to hiring to vest
They make it sound like he barely managed to get any stock. That's like saying, "person worked at X for 1 year, just long enough to get 1 year's salary." Well, yeah, but if they left in 11 months they'd get 11 months salary. It's not like if Poole left at 1 year or 4 years or anything in between he would have left with anything different proportionally to his tenure.
Also it doesn't really match with reality, since they'd usually get refresh grants and have a rolling four year window at all times.
The article sounds like the reporter heard a soundbyte about google's typical four year vesting period, and then did zero actual research into what that means.
I don't know--I've heard a lot of people here noting the "4 year cliff" at most tech companies, not just Google. Not all companies give refreshes, and of those that do, it's usually not enough to make up for the initial grant going away.
I left my last job pretty much on the day of my 4 year anniversary because I'd otherwise be taking a 25% comp hit in year 5. It's definitely a thing.
On the other hand, that kind of job is stable, pays well enough, and doesn't demand much outside of 9-5. For people with families, that's a lot more appealing than you'd think.
True, but this is a company where when I logged on the other day there was an article about a guy retiring after 52 years as a delivery driver. Yes, that's right, fifty two years at one company, although I imagine he did small package delivery and feeder work (trailer loads). So not just one position, but pretty close.
Meanwhile, I've been at the same company for longer than a couple of my coworkers have been alive (though I've changed jobs twice in that time) so "only five years" sounds comparatively short to me.
My wife has been at her current company (large like freescale, flexctronics, jabil) for 8 solid years , and she is still going strong.
Meanwhile I've been at 4 startups, from seed to Series B . I just get bored so easy.. after 3 or so years I NEED a change. Or maybe is because startups dont care about w/l balance and drain you until you quit.
This is not a hot take - genuinely curious as someone who had been at a few startups: do you think the fintech side of startups embodies the burn and churn strategy moreso than other sectors?