My best friend got a job offer about 5 months ago. He was extremely well-qualified for the position and they wanted him. They made a handsome offer. He took another offer due to some non-financial reasons.
I got the job he applied for. I appeared, on paper, to be marginally qualified based on the skill sets needed. His recommendation got me the first phone interview. The second round involved a fair amount of, "Tell us why you think you can succeed when you don't have X requirement and Y requirement and..." They eventually made an offer that was about 80% of what they offered him. I took it. His wife, who is a senior HR manager, said that it was a fair offer given my experience in what they needed etc etc.
So, how much was the position really worth to them? Am I wrong for having taken the job? Should I be insulted that they low-balled me?