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Btw for those who don't know, this app is called Blind. It's where tech workers go to anonymously post. Also 700k TC is basically their yearly take-home pay, and it's a real number (see levels.fyi)
These people are disgusting, contributing nothing to society, not realizing how privileged they are, while the Lemmy devs live in poverty
You’re confusing salary for “total comp” which is stocks and equity in addition to salary, and isn’t worth shit until you cash it out.
Trust me, my “500k yearly tc” at the last place was worth only my salary… well below half of 500k. If the stock sucks, and your strike price is high, you ain’t making money.
Can’t load the images, but I’m sure I agree with your other points. Fuck Reddit.
If you're at a public company you can just offload the stock and it basically becomes salary
Edit: Ignore the downvotes. People on Lemmy have no idea how RSUs work. Unless you work somewhere shit or your company just imploded, this is basically equivalent to salary. Source: half my TC is RSU
Problem is you have limited trading windows as an employee with shares. Ours get held in escrow until a period passes then we can sell it.
And it gets even better if you’re on a schedule that’s more restricted due to access to mnpi; you get a window of like 7 days every quarter at most, sometimes much smaller
And if it’s not public? Can’t do shit.
Okay sure but Reddit is public so the guy's RSUs make his TC 700k cash
Welp I’m fine trying to teach you anything. Go ham idgaf.
And if that public company has stock in the toilet it's worth fuck all to unload