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It seems like it's pretty normal for people to get equity from big companies.

Right, but equity at big, established companies generally isn't worth potentially $1M+. From what I've seen, it's around $20-50k/year and a calculated part of the compensation package.

Disagree with that. In recent years you are way more likely to make $1M from stock grants from companies like Google, Facebook and Amazon than even the top startups.

Wow. For a new grad, yes. For those later on it can be more than half your income. A $300k package from companies here can be 180/120 salary/stock split. $300k is not uncommon at all at big co. Some company will cap salary and then all future gains are in stock+bonus.

Not true, it's often easily worth $150k/year, on top of your $120-180k salary.

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