WRC awards record payment to ex-Twitter employee

[newirishman]

The article stated

This confused me. Salary plus performance bonus amounts to €178,100. What accounts for the other almost €200K in his package? The basic salary plus bonus in itself was already a lot more than what the bank were paying (€178,100 versus €129,897) but the total package figure quoted for Twitter is quite confusing.

Still it was great to see the verdict, a truly fitting response for a crass email and way of behaving. Hopefully he will receive the majority of this figure in time.

Most likely RSU (Stock).
For that level, a cash-based package of 150k-200k wouldn't be unusual, with approx same target figure again in stock.

A very solid package indeed, especially for the Irish market. However, compared to the same role but US based, you have similar cash package plus expensive health care plans, and probably 3 times the stock in addition. So Ireland is much cheaper from that perspective.

Also, you can expect your Work life Balance to be very different from a job in an Irish bank.

 

[ashambles]

Twitter were well known for heavy use of equity compensation. Twitter couldn't as easily as some companies give smaller numbers of shares as they didn't have a growth history.

The main uplift towards the end would have been Musk's 54$ offer when Twitter was around 27$. So the person involved might have 100k of RSU vesting - that thanks to Musk went to 200k. I.E. the 370k total compensation mentioned includes a large increase due solely to Musk's offer.

The WRC including RSUs seems unusual - but here it sounds like they must have. However everything about this seems a special case - they're not really setting a precedent (apart from to other ex-Twitter employees) - since every other MNC is going to continue to lay people off the usual long-winded painful way with every HR checkbox ticked regardless of any underlying unfairness.