Quoted post unavailable.
> worst inflationary periods in 100 years
I don't completely disagree with you, but c'mon this is hyperbole, right?
https://advisor.visualcapitalist.com/inflation-over-last-100...
Google gives execs raises after declining to boost employees' pay
21–30 of 52 posts
Re: Google gives execs raises after declining to boost employees' pay
#22Earlier quoted context omitted.
Depends on how much of comp is based on stock, and how much of that is based stock awards that don't vest immediately/quickly. Its likely that a lot of employees are selling stock asap and wouldn't get to realize all that growth.
The employees have a lot of unvested stock most of the time, so they very much get to benefit from the stock price growth.
To counter this, they also suffer lockout periods. Employees typically have a short amount of time to figure out their strategy before being stuck for two months or longer.
Employees only get to plan in the macro. They can go long or short, not respond to real economic events, opportunities, or headwinds.
Re: Google gives execs raises after declining to boost employees' pay
#23Earlier quoted context omitted.
Is it really disgusting ? Google stock rose 65% in 2021. Unless you are working at the cafeteria, the recent inflation had little impact on the compensation of Google employees.
Depends on how much of comp is based on stock, and how much of that is based stock awards that don't vest immediately/quickly. Its likely that a lot of employees are selling stock asap and wouldn't get to realize all that growth.
Anything that isn't vesting immediately will be worth more, increasing future compensation (in USD) even if employees sell what they can immediately. https://www.levels.fyi/company/Google/salaries/ says there are 3 and 4 year vesting schedules.
Re: Google gives execs raises after declining to boost employees' pay
#24Re: Google gives execs raises after declining to boost employees' pay
#25Quoted post unavailable.
Same at the company I work for, so this seems to be normal for publicly traded companies.
Re: Google gives execs raises after declining to boost employees' pay
#26Google has never given standard yearly raises. You get a raise when you are promoted or when the market reference goes up.
Re: Google gives execs raises after declining to boost employees' pay
#27Earlier quoted context omitted.
The employees have a lot of unvested stock most of the time, so they very much get to benefit from the stock price growth.
To counter this, they also suffer lockout periods. Employees typically have a short amount of time to figure out their strategy before being stuck for two months or longer. Employees only get to plan in the macro. They can go long or short, not respond to real economic events, opportunities, or headwinds.
So do the execs, for what it’s worth, who not only suffer from lockdowns, but also often are legally required to announce their trades in advance.
Frankly, I never found lockdowns to be really onerous at all. You can’t really time the market anyway.
Re: Google gives execs raises after declining to boost employees' pay
#28Quoted post unavailable.
Is it really disgusting ? Google stock rose 65% in 2021. Unless you are working at the cafeteria, the recent inflation had little impact on the compensation of Google employees.
stock grants are given by dollar amounts, rather than by units - so if the stock price grew, you'd get fewer stock units!
Of course, while waiting on the vesting period, they grow, but those grants were made a while ago - contingent on your employment - which means the growth is part of the expectation of the compensation. After all, the stock _could_ drop during that period too, and you don't get extra cash compensation to, well, compensate.
Therefore, you cannot use the stock price growth to argue that they don't need inflationary wage adjustments.
Re: Google gives execs raises after declining to boost employees' pay
#29They didn't decline to boost employee pay -- they declined to make an across the board COL adjustment. Instead they will build the COL adjustment into each person's annual raise along with a performance bonus. You're only hearing about these guys because they are required to report it in their SEC filings.
But they did not make a inflation adjusted increase to each employee, so you're just dodging the point. The increase didn't happen. They declined to boost employee pay Yeah, maybe the top 5% got bigger increases, but that's not whats being discussed
Google gives regular raises and the raise curves were considerably higher this year than prior years. "Index raises to inflation" would mean lower pay for engineers here.
Re: Google gives execs raises after declining to boost employees' pay
#30Earlier quoted context omitted.
The employees have a lot of unvested stock most of the time, so they very much get to benefit from the stock price growth.
To counter this, they also suffer lockout periods. Employees typically have a short amount of time to figure out their strategy before being stuck for two months or longer. Employees only get to plan in the macro. They can go long or short, not respond to real economic events, opportunities, or headwinds.
Lockouts apply to every employee, including executives.