4 ms·

Thanks for the pointer to global investment performance standards - that's a good analogue. We already agree about 10 year exercise windows (https://blog.samal

Thanks for the pointer to global investment performance standards - that's a good analogue. We already agree about 10 year exercise windows (https://blog.samaltman.com/employee-equity https://blog.samaltman.com/employee-equity) but we need to do more to make it a standard.

flybrand 8y ago
Per your other comment on CEO ethics - the CFA Institute - GIPS creator, while focused on public equities, has great materials for illiquid alternatives as well.
wtvanhest 8y ago
The brilliance of the GIPS is that firms cannot be partially compliant and it is 100% optional. The reason a 10 year excersize window is meaningless on its own is that you cannnot control or know how your share class will be treated after you leave. You need a set of standards which clearly allows employees to capture value. Otherwise it is all marketing. Smart people will see through that. As they already are.