/biz/ - Business & Finance

[Anonymous No.51151836]

I just found out half of Americans' amazingly high salaries is RSU

[Anonymous No.51151860]

>>51151836
Yeah those 500k netflix job is like 150k cash 350k RSU

[Anonymous No.51151891]

I worked at an american corporation in bongland, and they set up one of these RSU schemes for me too, but it was like a bonus rather than part of my salary, and it sounded good but turned out to be a laugh.

If you leave the company you lose most of it and it never actually gets paid to you. I left and got a third of what I'd supposedly accumulated in RSU. One third of american salaries is fake news, unless you stay working there for over 5 years (I cant see how they could abuse that!)

Also reeks of desperation to keep inflating the share price

[Anonymous No.51151895]

>>51151836
Wtf is RSU

[Anonymous No.51151947]

>>51151895
its some extremely jewish program they called the long term incentive scheme on the UK side (>>51151891), where you get your salary paid in company stock, that you cant touch for 3 or 4 years, and gets paid out in little chunks slowly, and if you leave the company, they stop paying it. So in order to get your full 100K salary, you have to work there for 3 or 4 full years before you got your year 1 salary. Now you gotta keep working for that 4th year!

I'm also told it all goes into their 401K which they cant touch till they're 60 too. These niggas are never getting their money!

[Anonymous No.51151975]

>>51151947
Hang on what??? How common is this in burgerland?

[Anonymous No.51152002]

>>51151947
Wtf, so all these niggas in /biz/bragging about a 100k+ saleries are actually getting scammed like this by the Jews?
Incredible.

[Anonymous No.51152014]

>>51152002
yes. 200k starting salary in faang is like this, and the higher up you get (800k engineering director etc) the higher proportion of your salary is stock and Rsu baded

[Anonymous No.51152026]

>>51151975
literally every corporate job. Their companies pay out their living expenses, the rest is make-believe. They don't want their employees making actual fuck-you money, or they might say.. fuck you!

[Anonymous No.51152075]

Imagine making $50,000 cash, and $50,000 in fake news RSU, then getting taxed on a $100k salary, holy shit burgerbros!

[Anonymous No.51152678]

>>51152075
Yuropoor here, I get taxed on RSU when I sell, not before. Having the option to buy doesn't mean you have a profit, you need to execute the option.

[Anonymous No.51153435]

>>51151891
>>51151947
Thanks knowledgeanon. You seem smart. Tell me some things I should know, but don't, as a bong.

[Anonymous No.51153656]

>>51151836
>>51151891
AHAHAHAHAHAH so thats the gimmick the CS/SE larping "high salary" cucks don't tell you LMFAO.

[Anonymous No.51154514]

yeah when software trannys talk say "TC" it means they aren't getting paid shit
the real salary is still over six figures, but at least until recently that meant you had to live in the most congested overpriced and high-tax cities to achieve it

also you chuds have to realize that normal men and mentally ill youtube roasties lie about everything
they lie about their income, they lie about their sexual prowess, they lie about their height

[Anonymous No.51154590]

Yeah, RSU's suck.

I work for a startup here in Portugal, salary is 130k€ in cash but then you get like 200k in stock options (similar to RSU's but worse since you have to wait until the company IPO's). I'm never counting on that money at all.

[Anonymous No.51154708]

>>51154590
people are going to be fucking pissed when they find out just how insolvent these companies are.

[Anonymous No.51154756]

>>51151975
Very common. It's how FANG employees make such ridiculously high "salaries". If you ever talk to them, they will refer to their pay as "total compensation" because their salaries, i.e. actual gross pay in USD, is not the same as everything including stocks, etc.

[Anonymous No.51154793]

>>51153656
this thread is full of seething cope holy shit

[Anonymous No.51154818]

>>51153435
As a fellow bong, my advice is this. Sell your good boy points in to dollarinos.

[Anonymous No.51154829]

>>51154793
Of course it is. There are now people here who are going to convince themselves they're actually better off financially than a software engineer for Google or Facebook.

[Anonymous No.51154831]

>>51151836
i'm an accountant and not a codenigger but i avoid any job that pays equity. it's a jewish scam, as you said. typically it vests 25% per year for 4 years and there's 0 tax advantages because it's taxed as ordinary income. most codeniggers are cash poor.

[Anonymous No.51154859]

>>51154829
a lot are.

[Anonymous No.51154880]

>>51154829
What if I told you I am better off than a software engineer at either of these companies?
>t. engineer

[Anonymous No.51154892]

>>51154590
yea lil nigga but that much in cash in Portugal means you save and live a quality comfy life if you're not a stupid short sighted nigger about money

[Anonymous No.51155000]

>>51151836
It's not a bad idea in theory, even for Europe. Because here in Europe there are usually different tax brackets for income tax.

So if you are going to pay 50+% on everything over say 100k, it actually might be better tax wise to just take the stock options and pay ~30% capital gains tax instead.

But the problem is the 'vesting period'. It's set up obviously because people job hop, and so will punish them financially for doing so. Employers aren't stupid, if they know the average tenure in tech jobs is two years and some change, they're going to set the incentives such that only the people that make it to year 4-5 (statistically small) will actually get the money.

But the elephant in the room as to why European salaries are lower compared to the US because all the European countries micromanage things like paid leave. Employer has to give you a shitload of paid days off, which contrary to what morons believe isn't 'free', the companies just don't pay as much wages as they would have if you just had a small amount of paid days.

[Anonymous No.51155032]

My friend worked in bio and now their RSUs went from like 50k to 2k kek

[Anonymous No.51155042]

>>51151836
>>51151895
>>51151947
>>51151975
>>51152002
>>51152014
>>51153656
>>51154514
>>51154756

https://www.schwab.com/public/eac/resources/articles/rsu_facts.html#:~:text=Restricted%20stock%20units%20(RSUs)%20are,Job%20termination%20usually%20stops%20vesting.

RSU is also a great way for the company to write down salary. They are paying stock today that you can't cash for 5 years. And in many cases, if you leave the company early, you don't get the full pay out. Sometimes you have a 5 year employment contract. You can leave, but you are breaking a contract. The company can also write down the "free" goyslop they offer in the break room and cafeteria. It's included in your TC but is written off as a corporate expense.

[Anonymous No.51155059]

>>51155032
it's even funnier when it's a pre-IPO scam and they never go public and lay everyone off (i interviewed at one such company, GoPuff) or funding dilutes the shares until they're worth effectively nothing. many such cases!

[Anonymous No.51155106]

>>51151891
this. Worked for many US corps in tech, it's all bullshit and if you leave you often even lose the options that should have been awarded to you. Just calculate without it to see if you can make it work and tell your recruiter this too. Often it turns out with just the cold cash it is hardly an improvement with cost of living in tech cities like SF or Austin etc.

[Anonymous No.51155124]

>>51151947
fucking saved kek

[Anonymous No.51155134]

Can confirm, only made it 2 years at AWS, couldn't wait to leave that shithole and fuck the RSU's I never got

[Anonymous No.51155249]

>>51154829
dude if I make €75000 as a se in Amsterdam but can take $150k +100k RSU in San Francisco, where the fuck do you think I have more money at the end of each month? And what is the opportunity cost of me staying at that salary for four years until I can vest? If I hop I can drive it up to €150k within two years and still have 60-80% cost of living compared to the US. Oh and no niggers and jews visibly everywhere.

[Anonymous No.51155353]

>>51154829
And I'm not saying that for some specialist knowledge that's high in demand you can escape that cost of living vicious cycle -you can and then the US is big fucking money. But that's for <2% of tech jobs out there like negotiator at Google. For the vast majority of devs and engineers being lured to the US it's a fucking rude awakening in a spic/nigger infested apartment complex in Fremont while you say SF to your friends back home.

[Anonymous No.51155390]

>>51154829
I make $190k base, $30k RSU, $250k total, and I don’t live in Commiefornia so watching all the cope in this thread amuses me
Then again, I code low-level systems
shit in C/C++, not webshit, and regularly need to look at disassembly, so I can’t be replaced by a high school student in India

[Anonymous No.51155404]

>>51155249
no one is making €75k in amsterdam except the president of holland

[Anonymous No.51155481]

>>51151836
>American
>120k income
>never heard of RSU
Anon what the fuck are you talking about? Is it stock options? Because that is not typically something employees receive unless they're executives with pay in the millions or they're working at a startup

The yuropoor cope is really off the charts with this one

[Anonymous No.51155537]

>>51151947
>if you leave the company, they stop paying it.
so its slavery with extra steps

[Anonymous No.51155566]

>>51155481
Stock options used to be more common for experienced line workers, but they stop doing it because they removed the tax incentives
RSUs are better for the workers anyway because even when the stocks shit the bed, they don’t expire worthless
There are still some people that call RSUs “stock options” mistakenly

[Anonymous No.51155580]

>>51155404
you mean you aren't.

[Anonymous No.51155598]

>>51155537
Yes, they’re called “golden handcuffs” for a reason
That being said, it’s a common signing benefit for your new company to match your RSUs at your old company if you’re an experienced hire

[Anonymous No.51155609]

>>51155555

[Anonymous No.51155620]

>fake food
>fake smiles
>fake tits
>fake people
>fake salaries
Literally wtf isn't fake in that wretched country

[Anonymous No.51155934]

>>51155249
Dutchbro stop the cope.Amsterdam= niggercapital of Europe and an important headquarters for international kikery. The netherlands only exists in theory

[Anonymous No.51155940]

>>51155620
our undying love for niggers