4 ms·
Excerpts: "Missing out on the upside of the sale was bad enough, but that wasn’t the half of it. Some Good employees actually lost money when BlackBerry bought
by mgav 11y ago
Excerpts:
"Missing out on the upside of the sale was bad enough, but that wasn’t the half of it. Some Good employees actually lost money when BlackBerry bought the company. Good was a unicorn, that is, a private company with a valuation of more than $1 billion. The high valuation increased the paper value of employee shares — and thus the income tax bills levied on their stock when they received the stock grants, or when they bought and sold shares. To pay those taxes, some employees emptied savings accounts and borrowed money."
“It’s not unusual for employees to be wiped out while venture capitalists make money”