Comment by no_wizard
5 hours ago
The article talks about averages, but what I want know is the median. The usual situation, and I have zero reason to believe OpenAI is different, is that stock options are top heavy leaning heavily toward executives.
I want to know rank and file salaries as opposed to stock options
Business & back office employee salaries are standard but not impressive. Similarly, stock grants are better than most places but not wildly high unless you're in specific engineering & research functions. This is the same at Anthropic, too (I recently interviewed for director level business roles at both).
In general, I wish the media would stop using just the average when the distribution is not normal.
That's exactly why they use averages, though. Propaganda is insidious in that way.
I think the simpler answer (and thus more likely) is that statistics education in the US is very bad (they should teach stats in high school, not calculus), and reporters just don't understand it. And the ones who do, believe (correctly) that their audience does not understand it.
Who is “they”? I believe open AI would share averages for that reason but not that media would choose to cover it that way.
Illlquid “stock options” in a private company is not what I consider compensation.
This is the general rule, but not for ones the size of OpenAI. There’s always a secondary market for prominent enough companies.
Dont all private companies require approval for secondary sales, which I assume are not ever approved?
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OpenAI has regular tender offers for their employees, so while this advice is reasonable in general it is less true for this case.
Less true isn’t the same as not true. Simply put we don’t know because it’s not what they are disclosing
This article feels more like paid publicity than it does journalism
Dont worry...there is always an acquisition by Meta, on the horizon for any company with nowhere to go.
I am sure you can make OpenAI stock liquid pretty easily.
Only if you're allowed to which is not always the case.
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