3 ms·
IANAL, but my understanding is that these contracts are usually stated in such a way that what Mr. Musk is doing is not a breach of contract. If he was literall
by gautamcgoel 4y ago
IANAL, but my understanding is that these contracts are usually stated in such a way that what Mr. Musk is doing is not a breach of contract. If he was literally withholding wages then of course that would be illegal. But if the contract simply says something like "All persons who are employed by Twitter as of Nov. 1, 2022 are entitled to a stock grant" then firing people on Oct 31 is a completely legal way to avoid giving the stock grant. It may be a dick move but that is a separate question from whether it is legal.
- rektide 4y agoYeah it just makes you an asshole. It's not illegal. There was a pretty active Ask HN a couple weeks ago about a very low quality employee in line for a vesting cliff. I think 0 people fessed up to "let them drop." Almost everyone said the only moral thing to do & the only thing that wouldnt make the rest of the company hate & distrust you (and not believe their success was tied to the success of the org) was to offer a pretty generous buy out ahead of time, at basically the current value.
- metadat 4y agoGreat example, here's TFA from 16 days ago: Ask HN: Firing an employee under a month before vest? https://news.ycombinator.com/item?id=33186789 https://news.ycombinator.com/item?id=33186789. (135 points, 295 comments)