Earlier quoted context omitted.
Spoiler alert: we mostly are. Engineers with 5 YOE are making $500k+ a year at these companies because they are generating much more than that in revenues and profits for the companies. Airbnb is worth $110B. It's not all blinking cursors, there are thousands of little experiments going on all the time. Increasing the number of bookings by 2% here, 3% there. Increasing the average price of bookings. Random extra feat…
That said, whose life is really improved by those outsized returns from the last few percent? Sure, the major shareholders might see their wealth increase noticeably, but anyone else (even small shareholders through option programmes) will generally not see a big effect. Now, is that additional shareholder wealth really worth the years of engineer effort going into that? Don't get me wrong: airbnb is an amazing servi…
Where the engineers are partially compensated in stock, RSUs or options? Absolutely. Its not like they're focusing on optimisations at the expenses of other, more dramatic changes.