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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.
So by that logic execs certainly didn't need an increase in salary?
Executives tend to have salaries that are a fraction of total comp.
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So by that logic execs certainly didn't need an increase in salary?
Did they get a salary increase? Or did their equity just go up like everyone else? Executives tend to have salaries that are a fraction of total comp.
>The Mountain View, CA-based company will be raising the salaries of four execs from $650,000 to $1 million...
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> 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...
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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.
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Did they get a salary increase? Or did their equity just go up like everyone else? Executives tend to have salaries that are a fraction of total comp.
I mean, it's literally the second sentence of the article we're discussing... >The Mountain View, CA-based company will be raising the salaries of four execs from $650,000 to $1 million...
That $350,000 doesn't even move the needle? Why is the focus there?
They 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.
I'm not sure the exact breakdown of their rewards, but baking a COL adjustment and a merit increase in a single number doesn't really count. Makes it way too easy to reduce pay increases.
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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.
Mountain View paradise has an underclass?
They 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.
I'm not sure the exact breakdown of their rewards, but baking a COL adjustment and a merit increase in a single number doesn't really count. Makes it way too easy to reduce pay increases.