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Zuckerberg, Brin, WeWork Guy etc all first 50 employees of unicorns ... you saying that their 100's of billions are actually zero value because they are 100's o
by blitzar 4y ago
Zuckerberg, Brin, WeWork Guy etc all first 50 employees of unicorns ... you saying that their 100's of billions are actually zero value because they are 100's of billions of funky employee-only stock that’s only saleable back to the company at nominal value?
Also why pay $3.5bn of tax on $0 of value? Given how sharp tech is about tax minimization you would think they would have better tax people.
- pjc50 4y agoThey're not usually employees, they're owners. Adam Neumann even managed an extraordinary scam whereby he had the shares with voting power and the investors didn't. https://www.washingtonpost.com/business/2019/10/24/adam-neumanns-billion-dollar-exit-package-wework-is-lesson-giving-founders-too-much-control/ https://www.washingtonpost.com/business/2019/10/24/adam-neum...
- blitzar 4y agoAhh ok, so Marissa Mayer then ... didn't make anything more than salary from being #20 employee at google? Adam Neumann even managed an extraordinary scam of being currently worth 2x the company that made him all his money ...