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FAQ on Leaving Google

(social.clawhammer.net)
462 points mrled | 2 comments | 17 Jan 24 22:12 UTC | HN request time: 0.527s | source
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ggambetta ◴[17 Jan 24 22:36 UTC] No.39034557[source]▶
The conflict between “uncomfortable culture” and “golden handcuffs” was becoming intolerable.

Amen :_(

replies(2): >>39034693 #>>39053534 #
vesinisa ◴[17 Jan 24 22:48 UTC] No.39034693[source]▶
What is he referring to here exactly?
replies(3): >>39034724 #>>39034725 #>>39034748 #
hiddencost ◴[17 Jan 24 22:53 UTC] No.39034748[source]▶
Imagine being paid $1-$2m a year but not liking the how the culture of a company you'd been at for decades was changing. Would you quit? When?
replies(3): >>39034973 #>>39035024 #>>39035399 #
willsmith72 ◴[17 Jan 24 23:19 UTC] No.39035024[source]▶
I only need 100k/year post-tax to be happy. If I can take 4% out per year, that's 2.5m total I need. So give me ~4 years to make that up after tax with some buffer, and then it's a matter of time. If i still enjoy the time spent working, stay. If not, leave.
replies(1): >>39035421 #
dmoy ◴[17 Jan 24 23:57 UTC] No.39035421[source]▶
Pedantic notes:

1. The 4% number comes from the Trinity study, which found that 95% of the time you have >$0 after 30 years. If you're >30 years from death now, a more appropriate benchmark might be 3% or possibly 3.5%.

2. $100k/yr post tax is more than $100k/yr pretax, even if it's mostly long term capital gains and dividend taxes.

3. Health insurance $$$.

So the number for you is probably a little higher maybe $5m to switch to 3% and add an additional $50k for tax and health insurance costs.

But yea the general point stands. Someone working as a director probably pulling >$1m/yr, with a long tenure, almost definitely has way over that amount. (I wouldn't be surprised if it was $20m+)

replies(1): >>39035702 #
1. kfichter ◴[18 Jan 24 00:27 UTC] No.39035702[source]▶
Don't forget inflation!
replies(1): >>39035827 #
2. dmoy ◴[18 Jan 24 00:38 UTC] No.39035827[source]▶
iirc all of those already account for inflation