3 ms·

There are alot "oh its wallstreet" comments here, but I'm not sure its warranted in this case. Investors in this case are pension funds, hedge funds and in som

There are alot "oh its wallstreet" comments here, but I'm not sure its warranted in this case. Investors in this case are pension funds, hedge funds and in some cases ETF managers like BlackRock and Vanguard who are speaking up. I can see how some tech employee's who get part of their compensation in the form of restricted shares or stock options may look at this as wall street attacking them, but in all honesty, run of hte mill employee stock rewards pale in comparison to C level executive compensation. This is targeted squarely at the Marissa Mayer's of the world not the average Google employee. This is a long running controversy. Below is a Harvard business review article from 2003 about the issue. I remember that at one point it was a contentious issue as to whether or not companies had to account for stock option/stock grants in their GAAP counting. https://hbr.org/2003/03/for-the-last-time-stock-options-are-an-expense https://hbr.org/2003/03/for-the-last-time-stock-options-are-...

simoncion 11y ago
> This is targeted squarely at the Marissa Mayer's of the world not the average Google employee. You miss the point of my "Oh, it's Wall Street scrutiny..." comment. If it were government scrutiny, we might see changes in how the current value of the stock of a company that's not publicly traded is reported to its employees. At the "startup" I used to work for, I got stonewalled every time I asked for the valuation (whether current or near-to-medium-term expected) of the stock options I had been offered. Friends at other startups report similar stories. Requiring companies to keep up-to-date information about current and expected future stock valuation, shares issued, & etc would be nice. Requiring companies to disclose that information on demand to current or potential future employees (along with where in the queue the shares that one is either being offered or are currently holding are) would be another nice step. I get that keeping this information up to date might be a hassle. On the other hand, just how the fuck do you raise money without this information? :)
- cloudjacker 11y ago
  > At the "startup" I used to work for, I got stonewalled every time I asked for the valuation (whether current or near-to-medium-term expected) of the stock options I had been offered. Friends at other startups report similar stories. OMG same here! Shit like this had me considering if any engineers would bite in joining a union-like entity. But life is all around still too decent for that.

simoncion 11y ago

> This is targeted squarely at the Marissa Mayer's of the world not the average Google employee. You miss the point of my "Oh, it's Wall Street scrutiny..." comment. If it were government scrutiny, we might see changes in how the current value of the stock of a company that's not publicly traded is reported to its employees. At the "startup" I used to work for, I got stonewalled every time I asked for the valuation (whether current or near-to-medium-term expected) of the stock options I had been offered. Friends at other startups report similar stories. Requiring companies to keep up-to-date information about current and expected future stock valuation, shares issued, & etc would be nice. Requiring companies to disclose that information on demand to current or potential future employees (along with where in the queue the shares that one is either being offered or are currently holding are) would be another nice step. I get that keeping this information up to date might be a hassle. On the other hand, just how the fuck do you raise money without this information? :)

cloudjacker 11y ago
> At the "startup" I used to work for, I got stonewalled every time I asked for the valuation (whether current or near-to-medium-term expected) of the stock options I had been offered. Friends at other startups report similar stories. OMG same here! Shit like this had me considering if any engineers would bite in joining a union-like entity. But life is all around still too decent for that.