I keep hearing all the letters of FAANG have more or less similarly competitive total compensation if you factor in RSUs, appreciation, etc.
But then I hear things about "cliffs" and how extremely high TCs are possible only because of stock appreciation.
In that sense, is Netflix basically untouchable in terms of compensation, if F/A/A/G (and other companies like Uber, Lyft, Airbnb, Microsoft, etc.) can only be competitive via unexpected or non-guaranteed stock appreciation?
Plus if you reach a "cliff", you end up with just your base salary - which seems like it's not too much better than a non-tech Fortune500 company?
In that sense, is Netflix basically untouchable in terms of compensation, if F/A/A/G (and other companies like Uber, Lyft, Airbnb, Microsoft, etc.) can only be competitive via unexpected or non-guaranteed stock appreciation?
Plus if you reach a "cliff", you end up with just your base salary - which seems like it's not too much better than a non-tech Fortune500 company?
Is my understanding wrong?