I mean imputed prestige within the organization. Being an L5 is nothing; it's the promote-or-fire cutoff at Google AFAIK. But being a Principal is slightly more than nothing; it's two levels above the promote-or-fire cutoff.

I mean, _now_, sure, I'd assume Microsoft Principals should be hired around L4 at Google. But that's just due to a temporary inbalance in the decline of legacy organizations. Give it a few years and it will even back out and msft 64 will be in the middle of L5 range like levels.fyi claims.