WRC awards record payment to ex-Twitter employee

Ceist Beag said:

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.

Click to expand...

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.

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.