I agree, on average it's not common. What's different in this case is I heard it directly from the horses mouth. The FAANG in question is a particularly frugal one, and they don't normally pay 2-5x market rate unless it's a special circumstance. That's why am sharing this story, life can be crazy! It can pay to keep an open mind, you never know what will turn up.
I'd love to drop names but it would be unwise. The decision maker executive is now an even bigger big wig at another BigCo, and they are still as huge of a douche canoe as ever.
Never underestimate the power (or fragility) of the human ego.
Also, El Fandango didn't hire the junky engineers. They poached all the best ones, and the average level of talent at the startup was quite high. The comp was so good that most of said engineers are still at El Fandango even today.
I'd love to drop names but it would be unwise. The decision maker executive is now an even bigger big wig at another BigCo, and they are still as huge of a douche canoe as ever.
Never underestimate the power (or fragility) of the human ego.
Also, El Fandango didn't hire the junky engineers. They poached all the best ones, and the average level of talent at the startup was quite high. The comp was so good that most of said engineers are still at El Fandango even today.