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by mightymikey
1263 days ago
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Netflix pays all base, with separate allowances for benefits. It lets employees choose what percentage of their base is granted as options. It's all very public: https://jobs.netflix.com/work-life-philosophy > Stock Option Program: Each employee chooses each year how much of their compensation they want in salary versus stock options. You can choose all cash, all options, or whatever combination suits you. You choose how much risk and upside (down) you want. These 10-year stock options are fully-vested and you keep them even if you leave Netflix. |
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The details from 2020 (only ones I can find) I've seen posted say they have, e.g., a $15k allowance for health insurance, of which only $5k is refundable as cash if not used, and a 5% on top of base “free option” stock option purchase in their ESPP, as well as choice for elective purchase, and other compensation in excess of salary and hourly wage.
OTOH, if they actually are just calling their “base” (which is in fact at least potentially salary) “total comp” when it is isn’t actually total total comp, just closer to total comp than base salary typically is for the industry, that’s probably not a violation of the law.