Google Engineer Offered $3.5 Million Not To Join Facebook

Google has reportedly offered $3.5 million in restricted stock to an engineer in a move to dissuade him from joining Facebook.

According to Techcrunch's Michael Arrington, Google has been showing extra generosity to its engineers in order to prevent them from joining emerging tech giants like Facebook or Twitter, having recently announced a 10 per cent pay hike for all its employees.

Arrington reports that an engineer was offered a 15 per cent pay rise on his $150,000 salary and stocks worth $500,000 for not joining Facebook.

The engineer reportedly decided to stay at Google.

According to Arrington, 80 per cent of Google employees stay when Google makes a counter offer to prevent them from defecting to Facebook. He suggests that some only consider Facebook's offer simply to get a raise from Google.

“While we don't typically comment on internal matters, we do believe that competitive compensation plans are important to the future of the company,” Tech Eye reports a Google spokesperson as saying.