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My employer has a system for employees to invest in it. They explicitly tell everyone “we don’t recommend you do this because if we go bust you’ll lose both you
by centimeter 6y ago
My employer has a system for employees to invest in it. They explicitly tell everyone “we don’t recommend you do this because if we go bust you’ll lose both your job and your investment”, and limit the total investment to a reasonable fraction of compensation.
- tptacek 6y agoIt's interesting to consider that most tech companies implicitly allow their employees to invest their own cash, because the cash/equity split is a negotiated term in comp packages.
- loeg 6y agoAlso explicitly. I recently interviewed for a new job. Recruiters at both Amazon and Google encouraged me to invest my 401(k) contributions in the company stock. The Google recruiter even had the audacity to (falsely — 2008, 2014) claim that Google had "never had a down year."
- tptacek 6y agoThose are public companies; you can do basically whatever you want with their stock, as can anyone in the investing public, because they're subject to stringent audited disclosure rules. What's interesting are the private companies that allow employees to allocate capital to company equity.
- loeg 6y agoOh, sure.
- sbeller 6y agoHaving worked at Google until 2019, I do not recall their stock being available in the 401k, nor any direct stocks there. All things available were the boring broad Vanguard funds.
- loeg 6y agoMight have been Amazon with the 401k, and the Googler told me to never sell my RSUs.