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"Maybe an employee believes in the company and wants to take part, deeming the risk is worth it for them? Clearly that's what's happening." And that belief is
by s73ver_ 9y ago
"Maybe an employee believes in the company and wants to take part, deeming the risk is worth it for them? Clearly that's what's happening."
And that belief is abused, and the employees get fucked over when it comes time for an acquisition, as their shares get dilluted to hell and back.
- icebraining 9y agoYes, that often happens and it's clearly unethical. What's your point?
- pascalxus 9y agoHis point is, that you have to assume that will happen quite often. We're simply not equipped to forsee all the legal and financial risks of having stock options. We've seen too many ways that employees have been taken advantage of. You can't simply "trust" that if the company does well, you'll do well.
- icebraining 9y agoSure, but who said we should simply "trust" that?
- s73ver_ 9y agoThat's the implicit suggestion behind the entire options thing. Especially given that almost no individual developer has a bargaining position strong enough to demand the safeguards that would avoid those problems.
- icebraining 9y agoLook, people still gets big payouts, even if many get stiffed. One can still rationally take the leap even knowing that the game is rigged.