$3.5M in Restricted Stock: Google Keeps Employee From Jump to Facebook
We know that Google has seen quite a brain drain, with many heading off to pre-IPO companies like Twitter, Facebook, and LinkedIn. Although it was recently leaked that Google has given all of its employees a holiday bonus of $1,000 (taxes paid) and a 10 percent raise, that pales in comparison with this news.
TechCrunch has confirmed that a staff engineer at Google who being heavily recruited by Facebook was given a counter-offer that he couldn't turn down: $3.5 million in restricted stock (which means the employee gets the equivalent of $3.5 million in Google stock based on its price today, with the stock vesting over time.
Since the earlier leak about the salary / bonus retention move at Google resulted in one person's termination, we wonder what will come of this, if anything.
TechCrunch has confirmed that a staff engineer at Google who being heavily recruited by Facebook was given a counter-offer that he couldn't turn down: $3.5 million in restricted stock (which means the employee gets the equivalent of $3.5 million in Google stock based on its price today, with the stock vesting over time.
Since the earlier leak about the salary / bonus retention move at Google resulted in one person's termination, we wonder what will come of this, if anything.
