The $300K Offer Letter Reality
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Ted, look at this offer letter. Big Tech just offered me $300,000.
I am rich! I am buying a boat. Calm down, Junior. Let me see the breakdown.
Nobody pays an intern 300 grand. It's right there. Total compensation, $300,000.
Okay. Let's read the fine print. Base salary, $40,000.
Wait. What? Where is the rest? Sign-on bonus, one banana.
And the remaining $260,000 is in company stock, which vests over 10 years.
So, I can't buy the boat? Junior, after taxes and
rent in San Francisco, you can barely afford the banana. Grizzly Plus Plus RSU are Monopoly money.
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