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OpenAI’s Average Stock Compensation Reaches $1.5 Million, Setting Tech Startup Record
BlockBeats News, December 31st, according to WSJ reports, financial data shows that OpenAI is paying its employees some of the highest salaries in tech startups in recent years, with an average stock compensation of about $1.5 million for the company's approximately 4,000 employees.
WSJ's analysis of Equilar data shows that in the past 25 years, in the year before the IPO of major tech companies, OpenAI's compensation was 34 times that of the other 18 companies. Financial data disclosed to investors this summer shows that OpenAI's stock compensation is expected to increase by about $3 billion annually by 2030. The company has recently informed employees that it will be eliminating a policy requiring employees to work at OpenAI for at least six months to receive equity, which could lead to further salary increases.
Analysis shows that by 2025, OpenAI's compensation as a percentage of revenue will reach 46%, second only to Rivian (which had no revenue in the year before its IPO) among the companies analyzed in the report. In comparison, Palantir's stock compensation as a percentage of revenue was 33% in the year before its 2020 IPO, Google's was 15%, and Facebook's was 6%. (Golden Finance)
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