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Do you know for certain that she's worth millions? Aren't her stock options tied to performance? And if she has tons of stock but it goes to zero...
by lighttower 10y ago
Do you know for certain that she's worth millions? Aren't her stock options tied to performance? And if she has tons of stock but it goes to zero...
- w1ntermute 10y agoHer stock options are tied to whatever the Theranos board decides, and she has full board control. So she can make her options tied to whatever she wants. No, I don't know her net worth for certain, but it isn't a stretch to say that she comes from wealth. It's a lot easier to get wealthy people to give you a ton of money if you're also wealthy.
- gohrt 10y agoJust about the only thing a majority shareholder cannot do is vote themselves a massive pay rise, violating their fiduciary duty to the minority shareholder's equity stakes.