DATA POINTS: OPTION GRANTS BY JOB TITLE.As part of its annual software industry compensation survey, PricewaterhouseCoopers recently polled privately-held software companies on the stock options they give out for 29 different job titles. In virtually every category, the survey notes, new hires routinely collect two or three times more options than company veterans. The true value of these options varies widely, of course, but the data does provide a helpful yardstick for the proportional size of individual option grants:
Annual Grant* Hire Grant*
Chief Executive Officer 12,587 (6) n/a (2)
Chief Operating Officer 25,000 (5) n/a (2)
Top Financial 5,584 (12) 6,300 (9)
Top Human Resources n/a (4) 4,250 (10)
Top Consulting Services n/a (2) 11,500 (6)
Top Marketing & Sales 500 (5) 20,000 (7)
Top Marketing n/a (2) 29,000 (6)
Top Sales n/a (4) 22,500 (10)
Top Customer Support n/a (2) 3,825 (10)
Chief Technical Officer/R&D 10,000 (7) 32,500 (8)
Top Product Development n/a (2) 17,500 (8)
Outbound Telephone Sales Representative n/a (0) 1,500 (5)
Regional Sales Manager n/a (4) 20,000 (12)
Senior Sales Representative n/a (4) 5,000 (11)
Sales Representative n/a (3) 2,750 (6)
Technical Guru n/a (3) 15,000 (13)
Senior-Level Engineer 1,625 (10) 7,353 (24)
Intermediate-Level Engineer 750 (6) 5,000 (21)
Entry-Level Engineer 375 (6) 2,000 (13)
Web Designer/Site Builder 1,250 (6) 3,000 (9)
Project Manager 3,000 (6) 8,750 (12)
Senior Consultant n/a (3) 5,000 (14)
Senior Customer Support Representative n/a (3) 1,500 (9)
Customer Support Representative n/a (4) 2,000 (13)
Technical Writer n/a (3) 2,700 (13)
Quality Assurance Lead n/a (3) 4,000 (12)
Quality Assurance Analyst n/a (1) 2,750 (8)
Technical Recriter n/a (0) n/a (2)
* Values are medians. Number of responses in parentheses.
PricewaterhouseCoopers, 12th Annual Survey of Compensation in the Software Industry, Global HR Solutions Survey Unit, 495 Post Rd. East, Westport, Conn. 06880; 203/341-2227. Price, $295. SUN MICROSYSTEMS Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. chief executive Scott McNealy Scott McNealy (born November 13, 1954 in Columbus, Indiana) was the Chairman of Sun Microsystems, the computer technology company he co-founded in 1982 along with Vinod Khosla, Bill Joy, and Andy Bechtolsheim. on the proliferation proliferation /pro·lif·er·a·tion/ (pro-lif?er-a´shun) the reproduction or multiplication of similar forms, especially of cells.prolif´erativeprolif´erous pro·lif·er·a·tion n. of Word-based viruses: "Computers don't get viruses, it's the software. These are Windows viruses." (Quoted in Internet World, 11/99) SUN MICROSYSTEMS chief executive Scott McNealy on Windows 2000: "W2K See Windows 2000. W2K - Windows 2000 will be a bigger disaster than Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 ." (Quoted in InfoWorld, 12/27/99) MICROSOFT chief executive Steve Ballmer on his annoyance with arch- rival Scott McNealy: "I just think it's irresponsible behavior. It has gone beyond the ha ha ha, funny-guy phase." (Quoted in The Wall Street Journal, 2/17/00) YANKEE GROUP (the Yankee Group, Boston, MA, www.yankeegroup.com) A major market research, analysis and consulting firm founded in 1970 by Howard Anderson. It provides general consulting and strategic planning in the computer and communications field. vice president Chris Selland on Bill Gates' new role as Microsoft's "chief software architect": "Gates is certainly smart enough to recognize what he's really good at. Remember that 'visionary' has never been the strong point within Microsoft that it's touted to be. The company's real strength is in tactical execution, and in taking advantage of its competitors' mistakes." (Quoted in Upside Upside The potential dollar amount by which the market or a stock could rise. Notes: This is basically an educated guess on how high a stock could go in the near future. See also: Bull, Downside , 1/00) HOTMAIL founder Sabeer Bhatia Sabeer Bhatia (सबीर भाटिया) is a co-founder of Hotmail and an entrepreneur. Biography Sabeer was born in Chandigarh, India in 1968. , who sold his company to Microsoft and recently left to start a new business, on finally being free to choose Unix: "I'm out of Microsoft now--so no NT." (Quoted in Business Week, 1/24/00) MICROSOFT Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. development leader Marc Lucovsky on bugs and other unresolved issues in Windows 2000: "Our customers do not want us to sell them products with over 63,000 potential known defects. They want these defects corrected. How many of you would spend $500 on a piece of software with over 63,000 potential known defects?" (Quoted in Sm@rt Reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers. , 2/14/00) MICROSOFT manager of security response Steve Lipner on complaints that his company pays too much attention to new features at the expense of quality: "Chasing software perfection, chasing the last bug, is not what customers want." (Quoted in Business Week, 2/28/00) AMAZON.COM chief executive Jeff Bezos Jeffrey Preston Bezos (born January 12, 1964 , Albuquerque ) is the founder, president, chief executive officer, and chairman of the board of Amazon.com. Bezos, a Phi Beta Kappa graduate of Princeton University, worked as a financial analyst for D. E. Shaw & Co. on taking the pulse of customers: "E-mail turns off the politeness gene in human beings. People are more willing to be rude and truthful by e-mail than they ever would be in person or over the phone. For a company, that's wonderful." (Quoted in The Wall Street Journal, 2/2/00) HOMESTEAD.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. chief executive Justin Kitch on the excessive use of stock options to pay for startup costs: "I can tell you employees aren't that excited about the prospect of giving options to the guy putting their desks together." (Quoted in Business 2.0, 3/00) |
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