Google Gives All Employees 10% Raise

http://www.businessinsider.com/google-bonus-and-raise-2010-11

by wheaties • 16 years ago

23 3 16 years ago

alain94040• 16 years ago

Wait... it's actually not a raise! They are raising the base salary of everyone by 10%, but offsetting it by reducing the equity compensation. I guess the net result depends on where the stock is going, but it's not as "cool" as it sounds.

From the alleged e-mail:

we’re moving a portion of your bonus into your base salary. That’s also effective January 1st.

paulbaumgart• 16 years ago

You sure? I interpret the "there’s more" at the beginning of the paragraph and the "also" in the part you quoted as meaning they're replacing the equity with a base salary raise in addition to the 10% raise.

But we should probably wait for a confirmation from someone who actually works at Google. :)

nysauhem• 16 years ago

I think the real lesson is that in a company of 20,000 employees, nothing stays confidential for long...

Very irresponsible behavior from whoever leaked this. Here's hoping no Googlers get mugged for their bonus today

Google Gives All Employees 10% Raise

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