When so much of your compensation is tied directly to the stock price, you also need to make a guess where the stock price will be in 2-4 years compared to your other options.
FB is not cool, TikTok is eating Instagram’s lunch causing IG to pivot more to video, so it comes down to the Metaverse.
If the value of your invested RSUs go up: fantastic now you make more.
I’d the value of the invested RSUs go down: no problem, you evaluate if you want to wait to see if they go up, or if you want to go into the market and take a new job.
It’s nearly all upside for the employee (in a hot market).
It's not a "misconception." I may not want to go find a new job in 6 months because the stock tanked. There's opportunity cost if nothing else. While that company's stock is tanking, I could instead be at one that's growing at even a modest rate.
While true, frequently cash-rich companies account for this. There are a lot of levers CFOs of profitable companies have to prevent people from leaving when the stock drops: issuing more shares, cash bonuses, etc. Facebook and Apple have more than enough cash to retain their talent in the event their stocks get cheap.
Still, they’re likely to readjust your comp back up to baseline.
You face the opportunity cost of not working for a company whose stock will rise fast, making it worth much more in years 2-3+ than it was initially priced at.
None of us have a crystal ball though, so it’s all speculation.
This was compiled in 2020 and Meta might move up the list in 2021.
It’s worth noting that Netflix does not have RSUs, and Stripe keeps appreciation of RSU value for itself. So if you expect Meta stock price to go up over the next few years (a big if), compensation at Meta could be higher in the long run.
If you were that confident in Meta stock going up, then you could work for Stripe and split the difference in compensation with long term OTM call options in Meta.
I wonder if this is a misattribution of Zuckerberg’s quote:
“I want to stress the importance of being young and technical … Young people are just smarter. Why are most chess masters under 30?" he asked. "I don't know… Young people just have simpler lives. We may not own a car. We may not have family."
Of course, he said this in his twenties and he may have changed his tune. As far as I know, he hasn’t handed the reigns of Meta over to a twenty-something just yet.
I worry about this myself. I sought out my first “software engineer” job at 36. At some startups where I interviewed, I was already a decade older than anyone else in the room.
I ended up taking a job with a FANG company that skews slightly older than most startups, but even here I’m on the wrong side of the Bell curve. I can run circles around most of my younger coworkers so I never feel like my job is in jeopardy. But I’m often the oldest individual contributor on any given project and I have to wonder, where have all the older software engineers in Silicon Valley gone? Did they retire early, and was it their own choice? Will I be served up as Soylent Green in the cafeteria next year?
I moved into software engineering from a different engineering discipline where most of my coworkers were in their forties and fifties, and some were older than that. I doubled my pay, but now I work on the SF peninsula where I can’t afford a house, and I probably cut my remaining working years in half. All in all, it seems like it may have been a questionable choice in the long run.
Engineers working in programming-adjacent industries (rather than Silicon Valley web tech) such as telecommunications, defense, aerospace/satellites, medical technology, etc., tend to earn less but have much longer careers in my experience (and often work on more interesting problems IMO). You may be able to leverage your medical degree, after your residency, to work in an area with more specialization and less churn.
Japan produced a lot of comic books and films, and nerds like comic books and films?
Interest ebbs and flows. Korea is perhaps eclipsing Japan in general interest these days. But their cultural export is pop music and boy bands, and their main Western demographic seems to be teenage girls.
It doesn’t seem strange to me. Why would a Japanese artist searching for the soul of France not find it? A lot of art is made by outsiders, who see the distinctive elements that insides take for granted.
Yes. “For more than two thousand years fountains have provided drinking water and decorated the piazzas of Rome. During the Roman Empire, in 98 AD, according to Sextus Julius Frontinus, the Roman consul who was named curator aquarum or guardian of the water of the city, Rome had nine aqueducts which fed 39 monumental fountains and 591 public basins, not counting the water supplied to the Imperial household, baths and owners of private villas. Each of the major fountains was connected to two different aqueducts, in case one was shut down for service.” -Wikipedia.
They haven’t actually been decriminalized. Some crimes have been classified as lesser crimes (through Prop 47, for example) and many crimes the DA has simply refused to prosecute. And the police know that making arrests is often pointless if DA won’t uphold the law on his end.
FB is not cool, TikTok is eating Instagram’s lunch causing IG to pivot more to video, so it comes down to the Metaverse.