According to Bloomberg, some of Google’s staffers in its car unit, which was spun out was Waymo last year) were paid so well that they actually quit.
In 2010, Google introduced a unique pay structure after it revealed its first self-driving vehicle. Some staffers were not only given cash salaries, but bonuses and equity in the business.
This resulted in multi-million dollar payments after the company applied a multiplier to the value of the bonuses.
Bloomberg said the multiplier was based on periodic valuations of the division. One staffer had a multiplier of 16 applied to bonuses and equity amassed over four years.
Fast forward to 2015, and many of the staffers had so much money that they didn’t even need the job anymore.
Disclaimer: We have no position in Alphabet Inc Class A (NASDAQ: GOOGL) and have not been compensated for this article.