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> They never misled anyone Disclaimer: I don't have direct knowledge of any Stripe compensation plans. However, it is frequently noted (and this article touche
by runako 4y ago
> They never misled anyone
Disclaimer: I don't have direct knowledge of any Stripe compensation plans. However, it is frequently noted (and this article touches on) the notion that Stripe comp plans are equity-heavy, in line with other big tech companies. That equity does not (to my knowledge) pay a dividend. Equity-heavy comp without a market for that equity and no dividend, in the context of a market where comp plans are equity-heavy with liquidity, is perhaps not a direct misrepresentation.
But it is misleading, and I would bet that if they truly planned on staying private indefinitely (which: great!), they would have a mutiny on their hands if they didn't start paying a dividend or providing a market for the equity.
Otherwise, folks have just been working for below-market rates to make the executive team rich. Which reads worse for the management team; I prefer the other interpretation that the leadership just erred in not going public (or selling) sooner.
- danielmarkbruce 4y agoThey said it could happen. It was all made clear. One can't reasonably claim to be misled when they are told explicitly before they join, when they join and continuously while they are there. In spite of all that, they are still doing the right thing by employees. Spinning this to suggest the founders were/are doing anything wrong by anyone is nonsensical.