3 ms·
I agree capitalism and incentives produce loopholes, but a lot of those can be closed pretty easily with good governance. For example, many of us are tech worke
by TuringNYC 6y ago
I agree capitalism and incentives produce loopholes, but a lot of those can be closed pretty easily with good governance. For example, many of us are tech workers and paid with stock/options/equity. This is a great system to align incentives -- we're all in the same boat to win or lose.
..except when we're not. You often see in-group worker game the system by taking ever increasing cash comp ("i win either way") or special incentive bonuses for managers who ensure delivery. Meanwhile, VCs are on first-out preference shares. Worse, you often dont know this is happening so you continue to think the real game is cashing out your equity.
This is poor governance IMHO. And many workers end up sniffing it out. The ultimate capitalist system would have absolutely guaranteed comp by equity w/o special side incentives.