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> So my take is that SpaceX stock as compensation can have zero value and should be treated as such.. Correct. I remain astounded by people who consider stock
by olliej 3y ago
> So my take is that SpaceX stock as compensation can have zero value and should be treated as such..
Correct.
I remain astounded by people who consider stock based compensation on non-public companies (and in this case a company who's CEO has explicitly railed against companies being publicly traded), especially given these terms seem to actively prevent employees alone from selling shares during funding rounds and similar (from the article it sounds like the only groups who can profit from share sales are spacex itself - ideally the point of funding - musk, and presumably his selected cronies).
If a company say's "we'll give you a stock grant" but isn't willing to just pay you the equivalent value at each vesting point then their intent is to screw you over, and negotiating like there's any good faith on their side is stupid.
- deleted 3y ago[deleted]