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the question I ask myself is, "did the CEO walk away from this with enough amazon stock/equity to buy a great house, live a very comfortable lifestyle and never
by walrus01 4y ago
the question I ask myself is, "did the CEO walk away from this with enough amazon stock/equity to buy a great house, live a very comfortable lifestyle and never have to work another day in his life unless he wants to for fun, even if he lives to age 95?" and the answer is almost certainly yes.
- gnicholas 4y agoAs a practical matter, that makes sense. But what about the employees who have 1% or .1% of the equity that the CEO has? Getting 20% more could lead to meaningful changes for them, even if it wouldn't materially affect the CEO's lifestyle.
- conductr 4y agoIt's easy to justify any decision you want to make. In this case - IPO is further away, difficult, risky, etc.
- Rastonbury 4y agoIf I were a long term employee with a lot locked into private stock I'd want an exit ASAP. I see employees upset about companies who stay private 'too long'. Secondly, I don't expect a VC funded company to prioritize their employees over the CEO or investors, I'm sure some companies are like that but joining a company thinking that would be very naïve.