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Comment by rock_hard | Hacker News Reader

https://twitter.com/robleathern/status/1345133167833997317?s...

His own statement

From Twitter:

> After almost 4 years, I made the difficult decision to leave Facebook, and 12/30/20 was my last day at FB. I've had a great experience in a difficult, fun, fast-growing and impactful role at the company working with amazing people

From internet:

> At Facebook, RSUs are subject to a 4-year vesting schedule: 25% vests in the 1st year (5% every 2.4 months), then 25% in each of the 2nd, 3rd and 4th years (6.25% every 3 months)

I guess good for him to enjoy his wealth now. I wish him good health.

The initial 4 year schedule is largely irrelevant, considering high performers get large refreshers.

not true. people usually have a large cliff after four years where their compensation goes down. because they ir initial grant is no longer vesting so they go from:

initial grant / 4 + (refreshers x 3) per year

to:

refreshers x 4 per year

in addition, refreshers are given at the current stock price whereas the initial was grant was given at the 4 years ago price which was much lower therefore appreciated considerably

And even those who receive just a standard "Meets Expectations" rating receive sufficient refreshers that there isn't that big a cliff after four years either. It may go from something like $500k to $450k.

There's a lot of jumping around at the 3-year mark, especially for people who want to cash in their FAANG brand for a similar package somewhere else. But once you get to E5 and higher there is significant financial incentive to stay with FB for longer than the initial four years.

For an E5 you get ~600k initial grant and 120k refresher for meets all. So your equity comp goes Year 1: 150k Year 2: 180k Year 3: 210k Year 4: 240k Year 5: 120k

That’s a pretty big drop. It’s less if you have higher ratings or promo of course.

It’s so gauche and embarrassing to see a serious executive announcing a principled career change through Twitter. “Tweet 6/12” ... a red flag should go up somewhere. Can you not buy a domain and link a short paragraph?

This isn’t an issue related to Threader or visual reconstruction of tweets. Rather, how did society get to a place like this? It’s bananas.

Can you elaborate why it's gauche? I'm assuming the intent is to share on the platform that has the audience you are seeing to share the message to. It's not user friendly to direct people to another channel.

Twitter lacks both document authoring features and professionalism context for anything like an announcement like this. It comes off like an out of touch person trying to stay “fresh” or “with it” shoe-horning a dry press release comment into a medium people use to laugh at cat photos. Even official Twitter accounts and journalists have the sense to link externally to more important matters. It undermines credibility to put those matters directly on Twitter. A single short tweet of that type is bad enough, but a 12 tweet thread is further forcing long discourse into a platform built to avoid it.

Strong perspective but understandable.

Alternative take: Twitter is where people are and information spreads by push vs having someone discover/navigate/link to your personal site for the announcement.

12 tweets is certainly a lot though but I don't get the idea that using Twitter to share important news is gauche. Maybe that was the case when they first launched but certainly not now.

They could have used Facebook if they wanted to write a longer post, but they wanted the audience from Twitter. Aside from that they are a private person, not a public good and can do whatever they like. Be it not announcing a job change at all or printing and distributing flyers or something in between.

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