alt Hacker NewsYup! Depends on the company and the person, of course.
Another thing: People at FAANGs usually ride the stock up and get way more than 7% per year. I'm embarrassed to say that I sold a lot of MSFT stock at $30 in 2011. Today (~15 years later) it is trading at $530.
Never be embarrassed about diversification. In 2012 Microsoft could have been found to be cooking the books and $30 would be a lot. Or they could have hit a hard patch, lost stock value and laid you off and you'd be out income and savings.