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This seems weird to me that their model seems to retrieve "money left on the table" from unexercised options. If the company is doing well and employees have th
by mnutt 10y ago
This seems weird to me that their model seems to retrieve "money left on the table" from unexercised options. If the company is doing well and employees have the cash, the probably _will_ exercise their options. The cash the company gets from the exercise is likely negligible. So unless I'm misunderstanding, the 10-year liabilities are probably employees that would have wanted to exercise but haven't been able to yet.
I don't get how this is any different from advocating for clawing back already-exercised options from former employees in order to issue them to new employees. It would be a convenient thing to do, but who in their right mind would want to work for a company like that?