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11 Nov 2010 22:53

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Tech: Google/Facebook have lots of money to throw around

  • $3.5 million paid by Google to retain top engineerĀ source
  • Ā» Good engineers are in short supply. At least, that’s what we’re gleaning from the numbers being thrown at them by Google and Facebook. Earlier this year, a Google engineer turned down a 15% raise and $500,000 in cash restricted stock to go work for Facebook. So, Google smartened up: when another staff engineer was seduced by Facebook, Google offered them $3.5 million — yes, million — to stay. They accepted.