FNG has only had good stock for past 1-2y. It has crashed in 99, 09, 2015... Every ten years about, and stays low for the majority of the time. Say you got an Amazon job in 2014 when the stock was 380. By the time it vested you've lost a third of it's value. And if your base was 150 with 100k stock, it's a 270k TC. Less, since the present value of the future comp declines 10% a year because you could invest yourself. Compared to, say, a 250k C2C contract at Albertsons or whatever. If the stock has a volatility of 100% and a 30% chance of crashing any given year, there's something called a Sharpe Ratio that comes into play. That's your risk adjusted return. Doing your own investments at a 100% return (just hold a hedged Amazon position) and 10% risk of loss is 3x better Sharpe than your hypothetical rsus. So the stock TC is pretty worthless, if you do the math correctly it's about 1/3 of it's purported value due to the company investing for you like you're a babby. Plus add 15% for C2C. The 500k goog salaries with 200 base are comparable to a 120 hr contract, which is a really a 100hr contract plus negotiation. Everyone pays the same faang just plays math games.
Yes poor folks at FB/G struggling so much. Hope they get free food at least
They are rich because they don't know to invest on their own and have the company do it for them.
Most of F/G friends I know have their RSU automatically sold upon vesting and transferred to an index fund. Stop being so insecure and jealous.
But the vesting takes years. Correct me if I'm wrong but goog and fb give fixed number of rsus that appreciate over years before vest.
This guy has serious insecurity problem.
He got rejected interviewing for a FANG, and now posts a bunch of posts to make himself feel better.
This guy is seriously a pretentious dickhead. Like really who cares. My take home is 5500 a month. My gf 4000 a month. We have a 5 bedroom house in the suburbs of Renton. I pay 850 a month in child support to a previous relationship and we live great. You sound really bitter like you’ve been rejected from FANG 100% of the time. I’m so glad you work at Albertsons and not somewhere else because I know I have zero chance working with you. If you are in your thirties acting like the child you are over money you have some serious growing up to do. Learn to be happy with what you have. Glass door reports you guys make between 84-101k a year. Learn to be happy with what you got and stop dick measuring on TC and stocks.
Lol glass door says netflix makes 150k
It is about mere survival. 200k is not enough to support yourself properly and you're a few paychecks away from homelessness. The 500k salaries are the only real security, that's what the average person in manufacturing job made in the 50s.
Then you don’t know how to glass door. It say avg around 300k base
This is the same Albertsons guy from that other random post I think
You don’t have to think. It’s obvious. That guy was a loser too.
Someone sounds jelly. My bonuses pay bonuses every qtr. Many people dont sell their rsu as soon as it vests.
But bonuses are still gambling, they could fire or whatever and it's the same as a crash.
Yea those idiots who held Amazon RSU because they dont know finances! I pity them.
It's because the company did that for them.
Tldr: I'm jealous that I'm not at FNG so let me write something to make me feel better.
lmao this guy again
OP is jealous because he’s poor AND can’t get into FAANG.
You math is way off. Whoever got amzn at 380 is a millionaire now
Because they held the stock, it is not TC.
Even if sold its still way off
Sure, TC drops in a crash but you are wildly, wildly exaggerating. Most employees of those companies have done extremely well. 100% volatility with a 30% chance of crashing any given year isn't even within the realm of reasonable
Because they don't invest on their own. It's not the TC, it's the fact that the company is forcing you to not invest reardedly and handholding you.
A big part of our compensation is stock that vests over time and ties our success to the success of the company. I'm not sure what's so difficult for you to understand. I'm also not sure where you get that we don't invest on our own. Not sure why you think that.
Then you're just depending on the company to invest for you