[nilkn]

I don't think it's necessarily silly, for a few reasons.

First, the salary is completely guaranteed. Short of getting laid off or the company failing completely, you'll get your salary; bonuses can be canceled at most companies and may even be quite unpredictable. Stocks may have a vesting schedule and are subject to the financial markets. Google might be a little more predictable in this way, but many companies aren't.

For instance, how comfortable would you be choosing a bigger mortgage on the basis of your bonuses and stocks rather than your salary? Chances are it's your base salary which will really determine how much of a house you'll buy, because you don't want to foreclose because your bonus one year wasn't as high as you had hoped or the stocks went down. Even if your salary were a guaranteed $260k, you couldn't afford a $1M home by most conventional wisdom (median SF home price as of 2013).

Second, as a result of the foregoing, I've noticed many companies are extremely hesitant to give huge base salaries to developers. It is therefore interesting to see how frequent it is for people to have salaries of $200k+.