4 ms·

He was legally hurt. You're talking about morals.

• kolbe 4y ago
  I don't think the phrase "I'm sorry you were hurt" is appropriate for people who weren't morally hurt. "I'm sorry you were hurt" is appropriate for the retail investors who were bilked out of their saving by his company.
  • ianbutler 4y ago
    That’s your opinion though. I think employees who are sold on the dream and who are largely compensated by RSUs are hurt morally by their management and investors who push a garbage stock. People are getting mortgages in places like Seattle calculated on RSUs because of how common a compensation scheme it is. You can have your opinion but I don’t think it’s well considered. Both the retail investors and employees are hurt by garbage spacs. Edit: You're -> Your
    • kolbe 4y ago
      Your timeframe on this is way off. He was not compensated at SPAC IPO price levels. The typical employee has been getting RSUs for years and years at valuations several times lower than their IPO level. No one took out a mortgage against stock that was valuable for less than two weeks. The only part that I think makes him a victim is the idea that management pulled a scheme against his will and he got nothing for it while still having to incur the stigma of being a part of it.
    • yoav 4y ago
      If you take out a loan on illiquid asset like RSU then your bank is the one taking advantage of you. Like the housing crises where banks gave out mortgages to people that couldn’t afford it and everything collapsed. Gambling your house on the success of a single company is wildly irresponsible.
      • ianbutler 4y ago
        I'm not sure how to respond to this. I don't have or do any of these things and I'm not the person who would need to hear this. I do agree with your thoughts, I just still feel bad for the people who have done this, and I know about from reading about it.