4 ms·
> Letting employees trade off equity versus cash comp at their discretion via a formula seems fair to me It's an incredibly unfair way to compensate. If you'v
by buro9 6y ago
> Letting employees trade off equity versus cash comp at their discretion via a formula seems fair to me
It's an incredibly unfair way to compensate.
If you've come from a less privileged background you don't have family support, likely won't inherit anything, probably don't own a house. Your priorities will be to shore up some basics in the short term, like breaking a hand to mouth existence or possibly working towards a mortgage.
But focusing on your needs, due to the lack of wealth in your family and history, means that you must give up hope of future wealth, foregoing the same value and benefit that those who can afford through their privilege to take... Far more share options, the lottery tickets.
I find the idea so repulsive that when I was offered roles twice at Monzo I refused both purely because of this.
If it isn't already an unequal workplace that is biased towards those who started out with more then this guarantees it will become that. The only people who benefit from this are those that started with the privilege of wealth... Likely the white middle class male.
- yaacov 6y agoI don’t quite follow... rich people and poor people have different needs, sure, but why is it bad to give people options that help meet whatever their needs are? Do you have a better suggestion?
- buro9 6y ago> why is it bad to give people options that help meet whatever their needs are? Because it perpetuates and worsens inequalities. The rich are effectively paid to their value whereas as you admit the poor are paid to their needs.