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Coming from industries where RSU and stock options are unheard of (read: most industries outside tech) "employees get nothing" seems really foreign. It's nothin
by Kiro 6y ago
Coming from industries where RSU and stock options are unheard of (read: most industries outside tech) "employees get nothing" seems really foreign. It's nothing I would ever expect regardless of price.
- amscanne 6y agoMany of these employees were likely working for below market salaries after being sold on the high potential value of their options. I'm not arguing anything about whether this is right or wrong (particularly in this case), but I believe this is also uncommon outside of tech. There are probably more analogous situations in e.g. law or sales, where you still have a clear employee relationship with the company but compensation is may not be a vanilla salary.
- dbish 6y agoIf you're working at a startup you have (usually) taken on risk + a lower salary in exchange for ownership, so it is expected and disappointing when a sale gets nothing for employees. If they are paid market rates with stock/options not part of their compensation that would be different