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A comment on Working at Netflix Sounds Like Hell. Parent comment

Re:Working at Netflix Sounds Like Hell by strangerlands on Saturday October 27, 2018 @11:38AM (#18316196)
There are no RSUs at Netflix, just for everyone 5% each year of annual salary in free stock options at 40% of current value, vesting every month. You can also use up to 100% of your salary for buying stock options at 40% of current value. The policy made rich many people who invested heavily in the stock options program years back.

The severance package is 4 months of salary.

I doubt you got an offer from there, because it is all very clear, or you did not pay any attention.

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Re:Working at Netflix Sounds Like Hell by claydavisss on Saturday October 27, 2018 @07:17PM (#18318233)
Dude I don't even know how the stocks work at my current employer. Can't force you to believe I got an offer there and I'm not forwarding you my offer letter...so choose to believe me or not.
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Re:Working at Netflix Sounds Like Hell by strangerlands on Saturday October 27, 2018 @08:00PM (#18318373)
Putting aside the very rude "dude", it is not a matter of how RSUs work or do not work, more simply they never talk about RSUs because they do not give RSUs. As I said, you never got an offer or you did not pay any attention. It is fine either way, of course. No need for any letter.
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Re:Working at Netflix Sounds Like Hell by smrtinsert on Saturday October 27, 2018 @11:56AM (#18316272)
Rsu vs vesting options, really not that different.
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Re:Working at Netflix Sounds Like Hell by strangerlands on Saturday October 27, 2018 @04:37PM (#18317544)
Not even remotely similar. RSU for a public company given at $100 per share can be sold at $100 per share (or more or less depending on the value of the share when it is sold). For public companies, that is basically cash. If you buy an option at 40% of current $100 value means you pay now $40 dollars for the option of buying the share at $100 in the future (Netflix has a 10 years horizon). That means that you start making money ($1, pre-tax!) when the stock reaches $141. If it does not happen, you have lost your $40.
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