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> Dalla worked at Philz for nine years until last year, when he was laid off. He said that many longtime employees left around the same time as the company’s cu
by koolba 1y ago
> Dalla worked at Philz for nine years until last year, when he was laid off. He said that many longtime employees left around the same time as the company’s culture shifted to a more profit-driven, corporate culture.
> On his way out, he said that CEO Sadarangani urged him against exercising his stock options — options that will now, barring changes to the current deal, be worth nothing. “I always assumed they would do the right thing,” Dalla said.
Wouldn't the options also be worth nothing now? So by not exercising them at least the exercise money was spared?
- rconti 1y agocorrect, not exercising them would have been better.
- williamscales 1y agoThe tax hit, too, depending on the type and amount of options
- Analemma_ 1y agoThere is a bunch of shady and unfair behavior by the acquirers here, but yeah, that line doesn’t make sense. If the options are worthless, then exercising them would have been a waste of money - the CEO was helping this person out! I think this article was written by someone with lots of outrage and little actual understanding.
- deleted 1y ago[deleted]