Google (and most large established tech companies) give RSUs instead of options, so you don’t have to spend any money to exercise them, but your point about vesting is good.
Google RSUs also vest monthly (and no longer has a cliff at 1 year, you start venting 1 month after you join) so as far as I can tell it’s exactly equivalent to salary but paid in shares of GOOG rather than dollars. Waiting for vesting shouldn’t keep anyone around for more than 1 month.
>> Google RSUs also vest monthly (and no longer has a cliff at 1 year, you start venting 1 month after you join) so as far as I can tell it’s exactly equivalent to salary but paid in shares of GOOG rather than dollars. Waiting for vesting shouldn’t keep anyone around for more than 1 month.
This all the more reason employees dont "just quit" and join another company. Say they quit and join Amazon -- now they are stuck on a 15/15/30/40 vesting plan and just kicked all their comp into a future year that may or may not arrive. Say they quit and join a typical startup, now they have a 1yr vest.
