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Kudos for trying to think outside the box here. I couldn't see any explanation on how this idea compares to one of the biggest issue with options, namely leavi
by chollida1 10y ago
Kudos for trying to think outside the box here.
I couldn't see any explanation on how this idea compares to one of the biggest issue with options, namely leaving the company before it gets sold.
So say I work at basecamp for 5 years, and then leave to work somewhere else. What happens to my 5 units?
- Animats 10y agoLooks like you lose them. "It should reward current employees. This was about who was at the company at the time of a sale/IPO, not people who worked here years ago."
- dshuang 10y agoThis plan seems more similar to a profit sharing plan, but the profit in this case is 0 until a sale of the business occurs.
- iansane 10y agoThe system aims to reward current employees not past ones, so it looks like they get nothing.