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Your question is stated like you would expect to get shares as a compensation. From my point of view - if someone hires CxO employee - deal is that they have t
by ozim 4y ago
Your question is stated like you would expect to get shares as a compensation.
From my point of view - if someone hires CxO employee - deal is that they have to buy into company with money and company has to sell them shares.
Vesting and compensation is for engineering employees.
If you are not founder having shares and you did not buy shares on joining - you are not CTO they are bullshitting you, full stop.
You are just engineering manager at best. As not being shareholder is equal to not having any executive power in the company.
- ahtihn 4y ago> From my point of view - if someone hires CxO employee - deal is that they have to buy into company with money and company has to sell them shares. So only wealthy people can become CxO? Or is buying $1 worth of shares enough in your opinion?
- deleted 4y ago[deleted]
- fxtentacle 4y agoGive people a signing bonus and a matching stock offer. Problem solved :)
- ozim 4y agoIt is not about being privileged. Just stop. Private companies even if you are loaded won't simply sell you shares because you "want". Read up on hostile takeovers. Having shares in a company is not some fun and games. (Unless you are really frikin loaded that you don't care about money anyway) Being senior officer like CTO has real consequences like really getting sued and going to jail. Having shares in a company is not "being rich quick fix" because companies can go bankrupt and not every company is "going to the moon".
- halkony 4y agoMaybe an alternative view is that time is money, and your time and talents in the C-suite can be "sold" for shares.