> Many employees get more than 50% of their salaries in equity — SVB stock — every year. My equity in the few years I've been here used to be worth more than $1

> Many employees get more than 50% of their salaries in equity — SVB stock — every year. My equity in the few years I've been here used to be worth more than $1 million. Now it's gone to zero. I understand the appeal of holding onto stock so that you can get LTCG, but it seems pretty risky to hold quite so much stock in one company. It's possible that $1M is not very much of this person's net worth, but even still it seems unwise to have so much stock in the company that employs you (because of the correlation and possibility of getting doubly wiped out). The complete erasure of SVB's equity was obviously not very foreseeable, but there's always a substantial chance that a sector (like banking) could get whacked, which would cause job instability and stock losses.