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Programmer Blew Off A $500,000 Salary

 
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bindy View Drop Down
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    Posted: Jan 11 2014 at 11:03am

A Google Programmer 'Blew Off' A $500,000 Salary At A Startup — Because He's Already Making $3 Million Every Year

Business Insider 
By Nicholas CarlsonJanuary 10, 2014 10:53 AM
An employee answers phone calls at the switchboard of the Google office in Zurich
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An employee answers phone calls at the switchboard of the Google office in Zurich August 18, 2009. REUTERS/Christian Hartmann

Thanks to all its money, Google is a big winner in the war for talent in Silicon Valley.

The latest evidence is a story we just heard from the founder of a large, successful enterprise startup.

This founder told us that his startup tried to poach a "programmer" currently working at Google. 

The startup made the programmer what it thought was a big offer: a $500,000 salary.

"He blew us off," said the founder.

The programmer told the startup thanks for the offer, but Google was currently paying him $3 million per year in cash and restricted stock units.

(Restricted stock units, or "RSUs," are as good as stock in that the programmer won't have to buy them to get them.)

A compensation of $3 million per year, or even $500,000 per year, is well above the Silicon Valley average for an engineer. Recruiter Scott Purcell says the software engineers he's placing typically make a base salary of $165,000. The average base salary for a Google engineer is $128,000.

But there are outliers besides our $3 million engineer. Twitter's senior vice president of engineer, Christopher Fry, earned $10.3 million last year.

Google has an industry-wide reputation for getting — and keeping — the people it wants.

It's pretty impressive, for example, that Google was able to remove Andy Rubin from the top of Android and still manage to keep him inside the company, working on robots.

This is a credit to CEO Larry Page. He's made Google into a place where really bright people get to work on extremely ambitious, large-scale problems. Before he took over Google as CEO in 2011, the company was losing a lot of people to startups like Facebook and Twitter. Now, not so much.

It is also a credit to the power of money, which Google has a lot of.

Update: On Twitter, ex-Googler Hunter Walk (now a VC) warns other startups: "The *worst* way to recruit from Google is with money. For anyone really good, Google will outbid you. So you're left with the ones they don't want to retain."

http://finance.yahoo.com/news/google-programmer-blew-off-500-155342560.html




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maysay1 View Drop Down
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Post Options Post Options   Thanks (2) Thanks(2)   Quote maysay1 Quote  Post ReplyReply Direct Link To This Post Posted: Jan 11 2014 at 11:07am
1st world problem?
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Post Options Post Options   Thanks (3) Thanks(3)   Quote FarraFace Quote  Post ReplyReply Direct Link To This Post Posted: Jan 11 2014 at 11:19am
Google gettin on my damn nerves. They need to quit with all these so-called improvements on Youtube. Ain't improved shyt.

#bingthenewthing
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Post Options Post Options   Thanks (1) Thanks(1)   Quote jayjaynonie Quote  Post ReplyReply Direct Link To This Post Posted: Jan 11 2014 at 2:20pm
Thank you Farraface the changes to youtube is total bs and a hassle. Bing does seem to be underrated but if google keeps this up it won't be.

Not much to see about the programmer and his foolish spending.

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Sang Froid View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Sang Froid Quote  Post ReplyReply Direct Link To This Post Posted: Jan 11 2014 at 2:54pm
O....k....

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mizzsandra00 View Drop Down
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Post Options Post Options   Thanks (1) Thanks(1)   Quote mizzsandra00 Quote  Post ReplyReply Direct Link To This Post Posted: Jan 11 2014 at 2:56pm
I don't see how he blew it off.....they offered he was like "Ohhh y'all tried it" they was salty and he hit them with a "Who gon check me boo" as he continued his $3 million dollor job....
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Post Options Post Options   Thanks (0) Thanks(0)   Quote afrokock Quote  Post ReplyReply Direct Link To This Post Posted: Jan 11 2014 at 3:00pm
i mean really.. why leave for a sixth of your cheque minus perks?

foh!
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Post Options Post Options   Thanks (1) Thanks(1)   Quote AmiliaCabral Quote  Post ReplyReply Direct Link To This Post Posted: Jan 11 2014 at 3:05pm

leave google for a startup and less pay...nah b

 
the only way I see this happening is if he were starting up his own company
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