Why Good People Leave Large Tech Companies

maxxxxx wrote: post #6

"But the CEO never noticed that the payoff had ended for the other 95% of his company." It seems a lot of C*Os forget this after a while. For a lot of rank and file employees the stock price makes no difference.

But the vesting schedules sure make a difference. It's amazing how things change once you've made it past that cliff, and how people jump ship once they've got their first year. Also a year is pretty standard to get a signing bonus and relo package covered.

Re: Why Good People Leave Large Tech Companies

#8

Post by maxxxxx » Sat, Jul 22, 2017, 1:47 AM UTC

cbanek wrote: post #7

maxxxxx wrote: post #6

"But the CEO never noticed that the payoff had ended for the other 95% of his company." It seems a lot of C*Os forget this after a while. For a lot of rank and file employees the stock price makes no difference.

But the vesting schedules sure make a difference. It's amazing how things change once you've made it past that cliff, and how people jump ship once they've got their first year. Also a year is pretty standard to get a signing bonus and relo package covered.

I don't understand why they don't hand out options on a more continuous base the way executives get them. It seems everything is geared towards staying 1-4 years and then jumping ship.

Re: Why Good People Leave Large Tech Companies

#9

Post by user5994461 » Sat, Jul 22, 2017, 1:48 AM UTC

taurath wrote: post #5

majestik wrote: post #4

Earlier quoted context omitted.

Tesla?

Clearly.

Are they public?

Re: Why Good People Leave Large Tech Companies

#10

Post by throwaway7645 » Sat, Jul 22, 2017, 1:48 AM UTC

majestik wrote: post #4

arcanus wrote: post #2

Anyone have a guess as to what company this was?

Tesla?

That seems to fit: 1.) move from Palo alto to east bay 2.) manufacturing company with software engineers 3.) lots of people leaving 4.) CEO changing the world.

However, I'm sure many companies meet that.