6 ms·
Reminds me of employee stock purchase plans at big (non tech, older industries) companies where you can buy your employer's stock with your pre-tax income. Ther
by hkmurakami 7y ago
Reminds me of employee stock purchase plans at big (non tech, older industries) companies where you can buy your employer's stock with your pre-tax income. There might be something to this idea.
- WaxProlix 7y agoStarbucks employees get to apply up to 10% of their (pre-tax, I believe) income to a fund that quarterly buys stock at a discounted rate (iirc, 90% of the stock price as of start or end of the quarter, whichever is lower). It's a nice benefit, and it'd be cool to see something similar in tech.
- eanzenberg 7y agoESPP is available to many (all?) public companies.
- toast0 7y agoCertainly not all. They last public company did not have a plan; and of course, some plans are better than others.
- why_only_15 7y agoApple has a program like this. It's a 15% discount by default. Last quarter it was like 50% I think because the stock plan started when AAPL was at $200 or something and ended at $320
- clintonb 7y agoTech firms have ESPPs. I first learned of them when I interned at Texas Instruments in 2005.
- rconti 7y agoThat's relatively common; I haven't had it at my past couple of tech/public employers, but have it currently.
- paxys 7y agoESPP is never using pre-tax income. You are taxed on the money you use to purchase the shares, same as everything else.