3 ms·
> Does anyone have a market theory justification that makes them comfortable with the idea? A large component of senior employees' salary at tech companies ten
by jcranmer 3y ago
> Does anyone have a market theory justification that makes them comfortable with the idea?
A large component of senior employees' salary at tech companies tends to be stock awards, which requires somebody to buy up the "free" stock to be usable as cash. If the company itself is doing this, then it amounts to a really roundabout way of paying employees. I'm still not comfortable with this idea, but it did change my attitude from "this is an outrageous practice" to "our tax laws are fucking broken."
- delecti 3y agoOn the other hand, it seems like companies award stock as a form of golden handcuffs (you might be "awarded" that stock, but you don't actually get it for a while). If they just paid us with plain old money, instead of adding those hoops, there would be no problem to solve.
- woopsn 3y agoEmployees benefit incidentally, buybacks are a manifestation of corporate and capital interests alone. What's "fucking broken" is innovation in the monopolized market.