10 ms·
This article is terrible: the title’s postscript seems to explicitly say this is about granted options, the article then _implies_ it’s about granted options, a
by olliej 2y ago
This article is terrible: the title’s postscript seems to explicitly say this is about granted options, the article then _implies_ it’s about granted options, and finally the actual message seems to be about granting new options in comp packages.
Except of course twitter is private so they can only sell stock they have (or exercise options) with consent of twitter, which seemingly has not been done. Nor have compensation changes due in April been done - again per the article - but I don’t know if “due” means contractual or stated compensation changes have not been made, or if twitter historically did per review/comp adjustment in April. Those are very different things.
9f course given musk’s track record of labor code violations, wage theft, illegal firing, and fraudulently claiming employees resigned, it’s entirely possible he’s trying overt wage theft.
Again as always: stock based compensation is worthless if you cannot freely exchange it for money, or if it can be retroactively seized.