3 ms·
(Lack of) Control and overseeing management in public (and private) companies is a whole another issue entirely, and it affects all the shareholders alike. I do
by dpc_pw 6y ago
(Lack of) Control and overseeing management in public (and private) companies is a whole another issue entirely, and it affects all the shareholders alike. I don't think unions help here - they just make everything more complicated.
But the point is - if the company granted me some equity, than I participate in the upside and even if certain decision seems not perfect for me as a employee, and they "just benefit the shareholder", I am too a shareholder, and at least I might get some dollars to wipe away my tears.
- Apocryphon 6y agoHaven't we been seeing a phenomenon where the institutional investors benefit from IPOs before actual equity-receiving employees do? https://www.cnbc.com/2019/06/07/an-ipo-could-make-these-workers-wealthy-or-leave-them-with-nothing.html https://www.cnbc.com/2019/06/07/an-ipo-could-make-these-work... https://www.barrons.com/articles/snowflake-showed-that-ipos-are-broken-heres-how-to-fix-them-51601681326 https://www.barrons.com/articles/snowflake-showed-that-ipos-... And that's assuming if the equity ever actually does become worth anything. Or if they even get equity. https://www.bizjournals.com/sanjose/news/2020/03/30/laid-off-startup-workers-face-billions-in-lost.html https://www.bizjournals.com/sanjose/news/2020/03/30/laid-off...