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Many people (particularly in the lower income brackets) prefer to be paid in cash as opposed to equity[1]. Given the chance, most people prefer not to shoulder
by rukittenme 6y ago
Many people (particularly in the lower income brackets) prefer to be paid in cash as opposed to equity[1]. Given the chance, most people prefer not to shoulder the risk of an equity stake at the expense of a reduced or non-existent salary.
Is it any surprise then that a lucky few who forgo cash in favor of worthless pieces of paper become super rich after the stock rises?
1. https://www.geekwire.com/2018/amazon-criticized-ending-warehouse-worker-bonuses-stock-awards-shift-15-hour-wage/ https://www.geekwire.com/2018/amazon-criticized-ending-wareh...
- TimPC 6y agoMany investors are also opposed to giving the poor equity in the company. Richard Garfield encountered significant opposition when he gave equity to roles like cleaning staff in Wizards of the Coast.