As the stock market values of Amazon and Facebook rose past $500bn for the first time this week, one group of people was definitely celebrating: the companies’ workers.
Employees at the leading tech groups are seeing a boom in their stock-based pay unrivalled since the stock market bubble of the late-1990s.
The numbers are jaw-dropping. Between them, the five leading tech companies by market value — Alphabet, Amazon, Apple, Facebook and Microsoft — handed out $20.4bn worth of restricted stock units and other share-based pay in 2016. That was 23 per cent more than the year before, and it capped a steady escalation that has seen the figure creep up from only around $6bn in 2011.
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