Internet giants like Google and Facebook seem to be pulling the ropes for staff engineers and offering them millions.
According to a TechCrunch article, Google is putting the money on the table to prevent its employees, especially engineers, to join rival companies like LinkedIn, Twitter and Facebook in particular.
Earlier this week, confirmed reports said that an engineer in Google who was heavily offered by Facebook was counter-offered by the search company giant to the tune of US$3.5 million in restricted stock. The engineer accepted Google's counter-offer and stayed in the company.
In September, it was reported that one of Google's engineers who was making US$150,000 turned down the company's offer of half a million dollars in restricted stock plus a 15% salary increase, and still left for Facebook.
The price tags in the Information Age are really jaw-dropping. These young professionals are lucky to be born at the right time.
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