2020 Democratic Primary Thread: Focus on House & Senate races

dora_da_destroyer

dora_da_destroyer

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King Kreole said:
I'm not in SV, but I think there's a difference between the executive class at most companies, especially in tech, and the rest of the workers. The executive class has a larger proportion of their compensation/net worth tied up in stocks, whereas concentration and monopolization deleverages a workers' ability to negotiate their economic freedom. Google and Apple's anti-poaching pact is a prime example. Breaking up these companies wouldn't harm the wellbeing of these workers, it would make them better off.
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not at all...out here at least, RSU's easily make up 50-100%+ of your annual comp. a software engineer can come out of school get 100-120K in base, 10-15% performance bonus, and $150-300K in stock over 3-4 years, at the 10yr experience mark (these are generally lead/sr roles, still rank and file, not execs), people are seeing bases from $180-300k stock grants in the in $400k-1M+ over 3-5 year range. RSU's are huge component of total comp out here for employees at every level, and with their upside for growth, especially in FAANG+M, they are often the deciding factor in what job people take, base is simply seen as something to pay rent and travel.

there is also a mixed reception from the startup community, plenty of people in this ecosystem want an industry where their company can thrive independently, but the vast majority of (big) exits come from acquisitions. breaking up the bigger companies both discourages acquisition (the whole reason they got so big), so fewer exit opportunities, and even if the smaller companies that spin out still acquire startups, the offers will be lower as well as stock grants/value.

that said, i'm behind the breakup of big tech, they monopolize too many verticals, but this isn't something you sell to the employees in this industry of whom a large segment could/would otherwise be supporters.
 
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