3 ms·
> If a company has an IPO, there are no "employee retention payments", so it's better than that :) The reverse split of common before preferred share conversio
by jpdoctor 15y ago
> If a company has an IPO, there are no "employee retention payments", so it's better than that :)
The reverse split of common before preferred share conversions for IPO are often a big screw to the employees. Many are also unaware of it, as they don't dig through the S-1. (Atheros was the largest one I saw in this camp.)
- paul 15y agoReverse split doesn't screw employees, it just changes the math (10000 shares at $1/share is no better than 1000 shares at $10/share).