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What I find appalling about the Zynga, the Facebook and the Groupon IPO is that people at the top who actually are responsible for the mess can cash out early w
by amurmann 14y ago
What I find appalling about the Zynga, the Facebook and the Groupon IPO is that people at the top who actually are responsible for the mess can cash out early whereas people at the bottom who have to rely on people at the top who already cashed out themselves. CEOs and founders should have to wait longest to sell their stock. This would protect not only employees who get stock, but also investors who bought stock early on. There would be much higher incentive to build an actually working company instead of having a scammy IPO followed by a quick cash out.
It's one thing if a company fails and everyone loses. It's another if everyone loses, but people who are most responsible get many millions.