I'd argue that they are if they live on either coast. If you live in a big coastal city and aren't getting stock and great benefits, then you either are working for a teensy company, a gaming company, or are getting taken to the cleaner's.

I'm not saying that no stock or great benefits aren't the common case. Rather, it's the GP saying that his salary is less than 1/4 of his total comp, which does not sound typical