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Interesting, Apple pays $180k over 4 years to prevent good engineers from going to Meta. Meanwhile, Meta gives >$1M in discretionary equity to top performers to prevent them from leaving. I don't think Apple picked a big enough number here.
Apple is the biggest brand in the world and consumers love the company more than any other brand. Meta/Facebook is a peanut when it comes to the consumer hardware space. AR/VR will probably replace the smartphone in 10 years but I don’t think Apple has anything to worry about. Apple will cannibalize the iPhone themselves.
What? How? Why? Those devices have completely different uses...
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Meta has a moral/ethical cost as well as a branding tax.
I don't have an insider perspective on this, but from where I'm sitting, it sure looks like the giant bag of money is sufficient and Meta/Facebook hasn't had to worry about any of those things for a long time.
Apple is clearly an incredibly successful company but to take an example why would an energetic young developer ever choose to work on Apple Music over Spotify? I say this as an Apple Music subscriber but one is a company that is existentially all in and the other that sees a revenue stream. This is evident in the quality of the respective products. If you’re not in the AR/car divisions then what is the point.
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> now the area around it is falling apart Lol. As a current Cupertino resident and non-Apple employee, this is the nicest place I’ve ever lived. Massive perfect roads, extremely low crime or homelessness, modern buildings, and easy access to freeways. It’s not at all like downtown SF
Coming from Menlo Park even, Cupertino feels a bit too dull and suburban, but it is astonishingly well maintained in comparison to anywhere else in the bay area. No doubt that the city is doing a great job.
Well, I’d love to work for Apple, but I have no interest into moving from Minnesota suburbs to the Bay Area with all of its sanitation and ludicrous cost of living problems. If I was Apple… it was the wrong time to build fancy headquarters. You got a few years, and now the area around it is falling apart and your employees have fallen in love with remote work.
On one hand it seems like it would have happened already, but I still have to wonder if the FAANG arms race will have consequences in 5-10 years when all these overpaid engineers call in rich and decide to go work on something more interesting and with less bureaucracy in the way.
Speaking of employee stock options, Does anyone have a recommended resource that details what practically happens to my options when a company IPOs? I know there’s a lot of variables but I imagine there’s some common patterns and things to be aware of. The entire thing is Greek to me and might become very important soon.
Hopefully at a decent brokerage like e-trade or fidelity or schwab or even whatever Merril Lynch is called these days, and not ComputerShare, which is terrible.
> "Most engineers received stock worth $80,000 to $120,000, with the bonuses provided as restricted stock units that are set to vest over the course of four years provided the employees stay with Apple and do not take jobs at other companies." Is that really a significant amount enough to ward off being poached? 120k over 4 years is 30k a year if linear. I would think at the pay scales being discussed they would get…