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when will nutella make $1m/year 9-5 in house?
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Date: March 19th, 2018 2:39 PM Author: charismatic area new version (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35638450) |
Date: March 19th, 2018 2:41 PM Author: Dashing School Cafeteria not for a loooong time it's EXTREMELY hard to make $1M+ as in-house counsel unless you are in a leadership position. nutella likely won't get there until 2020, 2019 at best
(nutella) |
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Date: March 19th, 2018 2:42 PM Author: charismatic area new version (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35638475) |
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Date: March 19th, 2018 2:55 PM Author: Topaz marvelous rehab (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35638605) |
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Date: March 19th, 2018 7:10 PM Author: fantasy-prone motley step-uncle's house yarmulke (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35640460) |
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Date: March 19th, 2018 7:15 PM Author: sooty trip location (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35640492) |
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Date: March 19th, 2018 2:47 PM Author: Amethyst diverse house What a weird question. When she CHOOSES to. (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35638523) |
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Date: March 19th, 2018 2:49 PM Author: Yapping Party Of The First Part 1mm/year is GC @ public co. money. No way even PE pays that to anyone but the GC; even funds have to control ops cost to a degree. (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35638548) |
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Date: March 19th, 2018 2:50 PM Author: charismatic area new version GCs at big public cos make a lot more than 1M
https://abovethelaw.com/wp-content/uploads/2015/07/2015-Best-Paid-General-Counsel-Top-10-600x179.jpg |
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Date: March 19th, 2018 6:49 PM Author: Yapping Party Of The First Part Doesn't go against my statement, only GC's generally have the stock based incentive plans that push their compensation above 1mm. Asst. and Assoc. GCs almost never do, and will only get 1mm+ if they happen to be at a company that has much better than average stock price appreciation; which in turn will get their future grants reduced accordingly. Silicon Valley GC base salaries:
PA Networks: ~700k Wageworks: ~300k FireEye: ~400k
When you look at their stock award value, note that it usually vests over 4yrs. So, $2mm stock granted to FireEye's GC is vesting at ~500k per year; assuming stock price remains unchanged. Thus, her total comp is under $1mm a year.
Attorneys a tier below GC will earn 1/5 to 1/10th the GC's total comp; anything below the c-suite drops considerably when it comes to the equity portion of compensation. Their salaries are created by HR using comps and bands and have very limited/linear YoY growth potential. GC, on the other hand, gets their compensation determined by those unbiased compensation committees.
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Date: March 19th, 2018 6:58 PM Author: charismatic area new version yea of course a random public co worth 3B isnt paying their AGC $1M. AGCs at any of the big tech cos make 7 figs (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35640384) |
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Date: March 19th, 2018 7:08 PM Author: Yapping Party Of The First Part Even if that was the case (it's not), you think anyone short of GC at PE/Hedge Fund/whatever gets $1mm tossed their way when they're essentially a replaceable operational drone? Aside from maybe someone with a CCO role where they're dealing with SEC/FINRA and have some personal liability associated with their title, it'd be absolutely stupid to pay ops people 7 figures.
Per Glassdoor, assist/assoc/deputy GC's in SV base salary $250-300k. I know plenty of Facebook legal folks (they were my client) and aside from individuals who were hired early on that had unusual levels of stock grants, no fucking corporate counsel / prefix'd level GC / etc. is making $1mm there. Big Tech = HR departments that will provide GC w/ spreadsheet of comp bands and thus staff gets nothing ridiculously special in terms of comp. |
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Date: March 19th, 2018 7:11 PM Author: charismatic area new version FB overlevels (their "agc" is another co's "senior corp counsel". their director/AGCs and deputy GCs are making 1mm+ (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35640468) |
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Date: March 19th, 2018 7:14 PM Author: Yapping Party Of The First Part Per Glassdoor w/ 4 people reporting, Facebook AGC = $191k per year, max is $220k. (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35640484) |
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Date: March 19th, 2018 2:54 PM Author: Spectacular Temple I don’t work in PE and the GC made $2.5m last year. (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35638601) |
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Date: March 19th, 2018 2:55 PM Author: charismatic area new version yeah a SF lawyer should know better than that (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35638609) |
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Date: March 19th, 2018 2:53 PM Author: Spectacular Temple Edited...non sequitur, would appreciate if you edit cuz sometimes I get paranoid. (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35638581) |
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Date: March 19th, 2018 2:53 PM Author: charismatic area new version whats phantom vs real equity
how much will you make with real equity
when is ur boss gonna retire and make you $$$$$ |
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Date: March 19th, 2018 2:56 PM Author: Topaz marvelous rehab I'd assume RSUs. Basically units tied to stock price but paid out in cash according to a vesting schedule. or i could just be wrong. (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35638616) |
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Date: March 19th, 2018 2:56 PM Author: charismatic area new version u r wrong (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35638619) |
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Date: March 19th, 2018 2:57 PM Author: Topaz marvelous rehab :( (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35638621) |
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Date: March 19th, 2018 3:02 PM Author: Spectacular Temple Yeah similar but for a private company. (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35638670) |
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Date: March 19th, 2018 3:01 PM Author: Spectacular Temple Edited (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35638659) |
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Date: March 19th, 2018 3:05 PM Author: charismatic area new version so +400-600k per year once it starts vesting? that is $$$$baller$$$$ (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35638695) |
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Date: March 19th, 2018 3:07 PM Author: Topaz marvelous rehab $400-600k per tranche? (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35638709) |
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Date: March 19th, 2018 2:53 PM Author: bisexual candlestick maker gas station she already makes more than that, but her hours aren't that high yet. (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35638587) |
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Date: March 19th, 2018 3:05 PM Author: racy gold ticket booth kitty Do you think Nutella would tell XO if she got laid off? Or just pretend she was still working to keep up appearances? (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35638693) |
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Date: March 19th, 2018 3:07 PM Author: Dashing School Cafeteria "Can anyone give advice on sheltering over $3M in 2019 income??"
(nutella in her pajamas poasting from her kitchen at 11am on a Tuesday in between applications on LinkedIn) |
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Date: March 19th, 2018 3:07 PM Author: Spectacular Temple I didn’t lie in the past about getting laid off from biglaw (and people gloated about my being unemployed) and I wouldn’t lie about it now. It’s quite possibl I have no job in 10 years if firm gets sold, but I expect to get a job afterwards anyway. (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35638714) |
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Date: March 19th, 2018 3:08 PM Author: racy gold ticket booth kitty I kid (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35638723) |
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Date: March 19th, 2018 3:12 PM Author: aromatic chapel Those were fun times that I miss :(
http://xoxohth.com/thread.php?thread_id=1959854&mc=28&forum_id=2 |
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Date: March 19th, 2018 7:19 PM Author: sooty trip location So you’ve been a Nutella hater for more than five percent of your expected life. How has this enriched your time on Earth? (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35640518) |
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Date: March 19th, 2018 7:17 PM Author: sooty trip location There are probably 3000 in-house attorneys making more than $1 million all in. In the year 2100, that number will be 900,000. (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35640504) |
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Date: March 19th, 2018 8:19 PM Author: Transparent insecure international law enforcement agency haunted graveyard https://www.allegisgroup.com/-/media/allegis/mlaglobal/files/reports/2017-compensation-ihcs_2015-2016_full_2017 is interesting on this point. In a data set of 990 lawyers, median non-GC comp is $225k, with max reported comp of $1m. Very hard to make 7 figures in-house if you're not the top guy. (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35640964) |
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Date: March 19th, 2018 10:17 PM Author: sooty trip location Yeah, that's consistent with what I said,but just wait until 2100. (http://www.autoadmit.com/thread.php?thread_id=3922928&forum_id=2#35641903) |