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Firing them hiring is a long way from free. Then add in the company start up costs and legal fees etc. Maybe I’m the mug, but that seems wasted money. When yo
by lostlogin 4y ago
Firing them hiring is a long way from free. Then add in the company start up costs and legal fees etc.
Maybe I’m the mug, but that seems wasted money.
When you are burning billions, the costs listed above seem to be treated as a rounding error.
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- snovv_crash 4y agoIt means they now have 100% ownership instead of whatever legacy rights were there from their previous investment.
- xhkkffbf 4y agoIt actually could be pretty lucrative. Not only have they gotten VW out of the mix, but they can renegotiate the salaries and stock options again. The market for talent is very, very different now. And all of those old options that the Argo people took during their first n years? They're now worthless so the management doesn't have to share ownership with them either. This could have been entirely driven by business considerations.
- lostlogin 4y agoThis is all possible. There is a comment here by someone who knows one of the rehires and their contract is better for the employee. One data point etc.