This is good stuff. As the article was written in 2000, does anyone know how these things panned out? Is Fogcreek still using this plan?

That just seems incompatible with the necessities of hiring many particular, high value people. This is at least if it's total compensation, not just a nod to actual cash salary.

Looking at Spolsky's other posts on stock options, it isn't a complete picture I think.

(Spolsky's particular federal-type pay scale. Not public salaries at all).

thanks, good information!!