As a community we should stop throwing numbers around like this when more than half of this number is speculative. You shouldn't be able to count it as "total compensation" unless you are compensated.
The number is as real as someone else is willing to pay for them. Plenty of VCs willing to pay for it.
[1] https://www.cnbc.com/2024/06/11/openai-insider-stock-sales-a...
OpenAI heavily restricts the selling of its "shares," which tends to come with management picking the winners and losers among its ESOs. Heavily, heavily discount an asset you cannot liquidate without someone's position, particularly if that person is your employer.
Everyone knows that openai TC is heavily weighted by ~~RSUs~~ options that themselves are heavily weighted by hopes and dreams.
Big names where? Inside of openai? What does that even mean?
The only place you can get 400k cash base for senior is quantfi
confident yet wrong
not only can you get that much at AI companies, netflix will also pay that much all cash - and that’s fully public info
Please show not tell
> netflix will also pay that much all cash
Okay that's true
That statement is false for the reasons I said. I’m not sure why your point matters to what I’m saying
OP is correct that a base cash of 400k is truly rare if you’re talking about typical total comp packages where 50% is base and 50% is stock.
That's not how I interpret the conversation.
I see a claim that 900k is a BS number, a counterargument that many big AI companies will give you 400k of that in cash so the offers are in fact very hot, then a claim that only finance offers 400k cash, and a claim that netflix offers 400k cash.
I don't see anything that limits these comparisons to companies with specific TCOs.
Even if the use of the word "base" is intended to imply that there's some stock, it doesn't imply any particular amount of stock. But my reading is that the word "base" is there to say that stock can be added on top.
You're the one being pedantic when you insist that 400k cash is not a valid example of 400k cash base.
Notice how the person being replied to looked at the Netflix example and said "Okay that's true". They know what they meant a lot better than you do.
Again, the person that made the original claim about where you can get "400k cash base" accepted the Netflix example. Are you saying they're wrong about what they meant?
It's amazing to me how many people are willing to just say the first thing that comes to their head while knowing they can be fact-checked in a heartbeat.
i suspect people commenting this don’t have a clue how PPU compensation actually works
> PPUs also are restricted by a 2-year lock, meaning that if there’s a liquidation event, a new hire can’t sell their units within their first 2 years. Another key difference is that the growth is currently capped at 10x. Similar to their overall company structure, the PPUs are capped at a growth of 10 times the original value. So in the offer example above, the candidate received $2M worth of PPUs, which means that their capped amount they could sell them for would be $20M
> The most recent liquidation event we’re aware of happened during a tender offer earlier this year. It was during this event that some early employees were able to sell their profit participation units. It’s difficult to know how often these events happen and who is allowed to sell, though, as it’s on company discretion.
https://www.levels.fyi/blog/openai-compensation.html
Edit:
I’m realizing we had the exact same conversation a month ago. It sounds like you have more insider information.