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Executives who own a business cannot be surprised when employees with no equity don't treat company money as their own, because it isn't. It's a different relat
by dukeyukey 3y ago
Executives who own a business cannot be surprised when employees with no equity don't treat company money as their own, because it isn't. It's a different relationship. If they want people to care, give them a real stake in things. Not a no-vote, no liquidation preference exit-only share class either - real, genuine equity. Pay dividends too, even if they're small. Show employees the value of working at a financially responsible business.
- criley2 3y agoThat sounds like how you build a really strong business, not how you become a really rich executive. I imagine society would be nearing utopia if your average upper management cared about building good businesses instead of getting unreasonably wealthy.
- dukeyukey 3y agoThing is, doing exactly that has built strong businesses with rich execs! Silicon Valley's penchant for giving employees equity (even if not quite the terms I described) has created the most dominant businesses the planet has, over the course of a mere 50 years, _and_ minted hundreds of thousands of new millionaires while it did it.
- westhanover 3y ago[dead]
- dukeyukey 3y agoIf someone is hiring idiots that's on them. But giving equity doesn't even mean paying them more; it does mean aligning the incentives of the employee with the business. And it means the goals of the executives becomes the goals of the employees. Less politics, less bickering, more making stuff and selling it for profit.
- AniseAbyss 3y ago[dead]
- deleted 3y ago[deleted]