Re:My thoughts about the Principal role
by ska on Saturday May 22, 2021 @05:16PM
(#27250341)
> epending on where you live (and whether you own property)
No, it's a lot for 4-5 years anywhere. This is on top of a pretty decent salary. For most working folk, putting this much aside in cash-equivalent over entire career is hard.
GP is talking about going from a high base salary to decent base salary, while using the extra comp (estimated here at approx 1mm) to smooth the impact of the drop in base. This is very manageable.
No, it's a lot for 4-5 years anywhere. This is on top of a pretty decent salary. For most working folk, putting this much aside in cash-equivalent over entire career is hard.
GP is talking about going from a high base salary to decent base salary, while using the extra comp (estimated here at approx 1mm) to smooth the impact of the drop in base. This is very manageable.