> The companies that are changing this are the ones whose stock tanked, and they are worried that employees will leave because of it. This is exactly why compa

> The companies that are changing this are the ones whose stock tanked, and they are worried that employees will leave because of it. This is exactly why companies are doing it. If you're compensated in units of stock and the stock price goes down, you are incentivized to switch to another company to restart the whole process. It's a negative feedback loop. Company struggles -> stock price declines -> employees leave -> company struggles more -> repeat. I know employees want the best of both worlds (stock appreciation when it goes up, refreshers when it goes down) but realistically I expect more companies to move toward defined cash payouts now that we're out of the unusual bull market of the past decade.