Re:Amazon more than doubles max base pay to $350k
by vineyardmike on Monday February 07, 2022 @01:39PM
(#30249077)
> the net-effect of the back-loaded vesting and soaring stock was that we all ended up holding for longer than we otherwise might have which ended up adding nearly another 100%.
+1. Every amazonian i know who stayed at the company a while had crazy good equity because of the holding and stock growth. The historically stable growth really encouraged people to stay longer, and internally people always talked about how much the stock was when they joined. I know plenty of people who cashed out their equity and got houses in seattle area, in cash. Hearing these stories as a young engineer, and old alike really makes you feel compelled to stay and see where it goes for you. If you're young, you want to get in for when it goes up (FOMO), and if you've been there, you want to stay because you've been so well rewarded, and waiting a little longer will get you a bit more money because of refreshes and growth.
+1. Every amazonian i know who stayed at the company a while had crazy good equity because of the holding and stock growth. The historically stable growth really encouraged people to stay longer, and internally people always talked about how much the stock was when they joined. I know plenty of people who cashed out their equity and got houses in seattle area, in cash. Hearing these stories as a young engineer, and old alike really makes you feel compelled to stay and see where it goes for you. If you're young, you want to get in for when it goes up (FOMO), and if you've been there, you want to stay because you've been so well rewarded, and waiting a little longer will get you a bit more money because of refreshes and growth.