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0 pointsjaggederest9mo ago0 comments

Plus, nobody says you can't work in any other field you like, just not whatever you used to do.

Net present value of 50% of salary for the next 30 years is something like a million dollars for most HN commenters, I'd guess.

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bruce5119mo ago

Except it's not "for life". It's until they feel free to lift the non-compete. My guess is that most information you take from a company is irrelevant in a couple years. Maybe 5 tops?

Plus it'd almost certainly end with zero notice. You'd get a email saying "you're free to go". Suddenly. After say 26 months.

So it's not like a "pension for life" - just a gap in your employment history.

jaggederestOP9mo ago

Oh no, ah jeez, slightly more than one year of income for zero effort, darn.

Any employment gap can be easily explained by saying "I was under a non-compete and being paid garden leave while working on personal projects to keep my skills fresh". It's very common in e.g. the finance world, I believe.

ghaff9mo ago

I suspect most people with that sentiment don't have a mortgage/kids/etc. I have known youngish people who got a very nice severance package back in the day and essentially took a 6 month sabbatical. I don't really see a problem for getting future jobs so much. But it is a loss of significant income (assuming you were well-compensated even if you're still being paid something) and may not have great alternatives for income though, if you're in the position to do so, you can of course travel or whatever.

bruce5119mo ago

I've no argument with the severance cash, I'm saying that you can't just revert to a hobby because you have an "income for life."

The uncertainty means you're still out on the job market looking for a real job.

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bruce5119mo ago

Except it's not "for life". It's until they feel free to lift the non-compete. My guess is that most information you take from a company is irrelevant in a couple years. Maybe 5 tops?

Plus it'd almost certainly end with zero notice. You'd get a email saying "you're free to go". Suddenly. After say 26 months.

So it's not like a "pension for life" - just a gap in your employment history.

jaggederestOP9mo ago

Oh no, ah jeez, slightly more than one year of income for zero effort, darn.

ghaff9mo ago

bruce5119mo ago

I've no argument with the severance cash, I'm saying that you can't just revert to a hobby because you have an "income for life."

The uncertainty means you're still out on the job market looking for a real job.

1 more reply

j / k navigate · click thread line to collapse