I'm not denying that it is risk, I argue that it doesn't allow for the subtleties and nuances (opportunity cost vs responsibility increase vs positive/negative

I'm not denying that it is risk, I argue that it doesn't allow for the subtleties and nuances (opportunity cost vs responsibility increase vs positive/negative association after exit/failure). There are a lot of different variables involved and a great many of them boil down to calculated gambles on the part of the employee and employers. Those are worthy of discussion and there are plenty of discussions to be had around those. But simply calling it "risk" and saying you need more of the upside is so simplified its nearly meaningless and impossible to have a conversation about with everyone involved having the same idea about what is being discussed.