OpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into Leverage
The most common salary range for an engineering job listed on OpenAI’s website is $200,000 to $370,000, though a handful of more specialized roles advertise ranges from $300,000 to $450,000, said Roger Lee, co-founder of compensation benchmarking firm Comprehensive.io. Salary ranges don’t include bonuses or stock awards, which can bring an annual salary of $300,000 closer to $800,000 in total compensation, according to Levels.fyi.
Source: Yahoo! Finance
When It Comes to Compensation, More Equity Isn’t Always Better
Nearly 44% of those surveyed were unable to correctly answer a single question related to startup equity compensation; a scant 5% answered all questions correctly. Perhaps more alarming was the overconfidence among participants; though given the option to admit they didn’t know the answer, they selected the incorrect answers. For example, on a question evaluating understanding of how liquidation preferences might affect employee equity value, only 18% answered correctly, a mere 16% conceded they didn’t know, and the rest — nearly 66% — answered erroneously.
Source: HBR
Three Steps to Weave Equity Compensation into Your Financial Plan
Stress about finances transcends income level, financial acumen and experience, and today’s economic climate is presenting challenges even for seasoned company leaders. In fact, Morgan Stanley at Work research shows that 83% of executives who receive equity compensation say financial stress is negatively impacting their work and personal lives.
Source: Kiplinger
2024 Private Equity Compensation Report Shows Compensation Increases, Slowed Hiring, and Concerns About Job Security
Despite a downturn in the stock market, corporate layoffs, and discussions of recession, participants across the board reported higher total earnings over the previous year. Overall, 65 percent of respondents expect to see greater cash earnings this year.
Source: PrivateEquityCompensation
X, formerly Twitter, valued at $19 billion in new employee stock plan
The privately-held company, owned by Elon Musk, is giving employees RSUs a a share price of $45 according to two sources familiar with the matter. The company previously offered employees stock in March at a $20 billion valuation.
Source: Fortune