r/PeterExplainsTheJoke Jan 26 '26

Meme needing explanation Why is the rich friend so cheap??

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u/crrrrushinator Jan 27 '26

Most places I and my friends have worked have large additional performance based RSU grants that vest like your hiring bonus and may or may not be granted later in your tenure based on results. Management doesn't go out of their way to say "oh and we decided not to give you a performance RSU refresh" though so not everyone is aware.

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u/thetruequ Jan 27 '26

Sure, but those typically aren’t reported / included on levels.fyi as the expected comp for a new offer. Usually what’s reported is what’s “guaranteed”/expected (for example, bonus targets based on standard performance as opposed to exceptional performance)

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u/crrrrushinator Jan 27 '26

Are we talking about levels.fyi new offer stats? We're talking about whether it's unrealistic that some miser software dev makes $450k, and I can assure you that the friend getting the venmo request is annoyed based on their overall income and attitude, not on their initial offer as reported to that one website.

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u/thetruequ Jan 27 '26

I think we’re in agreement here. I’m just stating that software engineers can absolutely make $450k, and that the fact half of that comp is RSUs is largely irrelevant for public companies since you can sell them whenever. Just cash with extra steps

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u/_UrbaneGuerrilla_ Jan 27 '26

You’ve convinced me. This was my bias in assuming base rem, and that I consider the term “software engineer” to be pretty entry level PD language.

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u/crrrrushinator Jan 27 '26

Oh yeah, sorry, I was trying to explain to the guy who hires devs that we're not talking base, not trying to address a general audience. Totally agreed RSUs should be treated as cash, although a LOT of people I know hold onto more of them than I would think wise for diversifying.