And I didn't think I could be amazed by 'Google scale' any more, sure proves I was wrong on that.
And I didn't think I could be amazed by 'Google scale' any more, sure proves I was wrong on that.
Extraordinary claims require extraordinary evidence.
I might be mistaken but I believe Sundar Pichai isn't an american national, in which case he'll be working on a visa. And in the US work visas require a public declaration of salary (the published data has the names stripped but frankly at a $50m salary I imagine he'd be easy to spot). So come paperwork renewal time we'll be able to see exactly how accurate TC are...
I don't know what gave the GGP the idea that salaries are publicly declared in visa filings (which are not public anyway). The laws are not THAT moronic.
1. http://en.wikipedia.org/wiki/H1b
Employers must attest that wages offered are at least equal to the actual wage paid by the employer to other workers with similar experience and qualifications for the job in question, or alternatively, pay the prevailing wage for the occupation in the area of intended employment, whichever is greater.
I believe companies are also required to disclose to this information to other employees on request (to provide a check that H1Bs aren't being used to replace employees with lower salary staff)
Wrt Visa rules, I know you have to disclose salary information to the INS when applying for a work permit, don't think that's publicly available though.
Its not so much that you have to disclose the salary - you have to prove that you advertised the job publicly and within the company, and that you included the salary. You also have to prove that the salary is at least market rate and that no one else who has applied can perform the work.
(It's a pretty thick amount of paperwork to prove the requirements)
Also, the INS hasn't existed since 2003.
Then their estate would inherit whatever %age of the vesting period that they agreed.
So if they had agreed, as was written on TC, $50m over two years and they died after 6 months then the estate would receive $12.5m unless there was a cliff agreed.
If Google wants to golden-handcuff an employee with a $50 deal that's their prerogative. If you don't like it, sell your GOOG stock. If you don't have GOOG stock then why are you so worked up about it?
The $50M/$100M still sounds a bit out of whack.
Wouldn't this be illegal?