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I recall in the days after the web-bust that there were numerous employees that were stuck owing huge tax bills because of the price their stock vetted at and w
by pixelgeek 5y ago
I recall in the days after the web-bust that there were numerous employees that were stuck owing huge tax bills because of the price their stock vetted at and were unable to do so because the prices had tanked.
I am really unable to recall any instance in which average employees were able to benefit from an IPO.
Also, I think that Class B stocks are like getting an associate producer credit on am movie. It looks nice but has no inherent value.
- AlbertCory 5y agoNow you can: me.
- toast0 5y agoI had some Class B stock for a while, so I got 10x the useless votes. Actually, one of my coworkers was the only one with class A stocks, and Deleware corporation rules require some elections to win in each class, so his votes weren't useless; as opposed to everyone outside of the founders and investors.