The secret lives of millionaire tech engineers who 'rest and vest' - Business Insider
'Facebook declined to comment, but several engineers told us Facebook had a reputation of requiring long hours from its engineers. ', "We've been told rest-and-vest engineers can be found at all of these companies."
'Facebook, for instance, has a fairly hush bonus program called "discretionary equity," a former Facebook engineer who received it said. '
'But rest-and-vest engineers can wind up spending years "never shipping anything," the X engineer said. '
'He has also tried to lure some rest-and-vest engineers to come work for him at his startup. '
Huh, I'm actually watching the show Silicon Valley right now. One of the characters is a coaster - he was incompetent so they took him off his project, but he had a contract so they just...didn't give him another project.
4 comments
0 u/derram 07 Aug 2017 20:02
https://archive.is/5xbui | :
'Facebook declined to comment, but several engineers told us Facebook had a reputation of requiring long hours from its engineers. ', "We've been told rest-and-vest engineers can be found at all of these companies."
'Facebook, for instance, has a fairly hush bonus program called "discretionary equity," a former Facebook engineer who received it said. '
'But rest-and-vest engineers can wind up spending years "never shipping anything," the X engineer said. '
'He has also tried to lure some rest-and-vest engineers to come work for him at his startup. '
This has been an automated message.
0 u/tanukihat 07 Aug 2017 21:16
Huh, I'm actually watching the show Silicon Valley right now. One of the characters is a coaster - he was incompetent so they took him off his project, but he had a contract so they just...didn't give him another project.
2 u/roznak [OP] 07 Aug 2017 21:22
Where I live they promote them as managers or project managers.
0 u/055d764559 28 Sep 2017 22:22
This reads like an Onion article.