Google gives execs raises after declining to boost employees' pay

... a refresh grant every year equal to 25% of a new hire grant for someone of your level vesting over 4 years, quarterly, with no cliff.

... a COL adjustment.

... a merit-based pay hike.

... a market adjustment if appropriate.

This is not a reduction in pay no matter how you slice it. It's going to be way more than 7%. It's going to be roughly 6.25% + 3% + 0-5%. 10-15% annually. 13-18% if they get the COL.

These are assessed relative to the market.

This is on top of your base pay, bonus, company bonus multiplier and vesting equity which has probably significantly appreciated year over year - potentially huge, as GOOG is up 37% YoY.

I'm not worried for the employees even though leadership didn't commit to making COL adjustments 6-7% this year instead of 2-3% like most years. It's a rounding error for these folks and there's no world in which they're getting a pay cut if they're meeting expectations.

context:

other1:

> That’s disgusting. These 4 execs made order 200M in 2020, Google took in 130B in quarterly revenue in q4. and they have the steel procreators to tell their employees about how they can’t give quality of life adjustments during on of the worst inflationary periods in 100 years. Fuck google with a pointy stick.

other2:

> 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.

other3:

> So by that logic execs certainly didn't need an increase in salary?

you:

> 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.

other4:

> 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...

you:

> Sure, but "They also received stock awards valued at between $23 million and $35 million, split between performance-based equity and stock that vests over time, the filing states.".

> That $350,000 doesn't even move the needle? Why is the focus there?

So this thread starts off with criticizing Google over not giving COL adjustments in a terrible period of inflation given their massive profits.

Someone says the stock gains negate the impact of inflation.

Someone else says if stock increases were sufficient, then why did execs need a salary bump.

You asked if they got a salary increase.

Someone else points out that they did.

You then point out they got lots of stock.

And then say that their salary increase barely moves the needle so why focus there?

The point seems to have been lost here.

To go back to the original point, the point was that Google denied their employees COL adjustments. If giving their execs salary bumps didn't even move the needle for them, then why give it to them especially when they denied their other employees COL adjustments despite having massive profits?

You may not owe steel procreators better, but you owe this community better if you're participating in it. We're trying for curious conversation here.