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In a sense yeah. The share option agreements I've seen haven't provided a way to flip the options into proper shares in the company that are under my name. So
by blindhippo 14y ago
In a sense yeah. The share option agreements I've seen haven't provided a way to flip the options into proper shares in the company that are under my name.
So the company boasts to me that I have "stock" in the company - I am a "owner" when in reality I'm not at all. I find it disingenuous.
Unless I'm completely misunderstanding this - I can never get a clear answer on any of this stuff.
- Evbn 14y agoYou seem confused. Private companies don't have any liquid stock to give. Options aren't the issue, just subtract salary minus share price and taxes to get net.
- blindhippo 14y agoHow am I confused? Get net of what? My point is that local start-ups are misrepresenting share options as "stock" in the company, telling me I have ownership when in fact I do not. And they use this notion that I am a "owner" to extract far more then the 40 hours per week I'm contracted to do (it's "start-up culture" after all). I like the work and problems that start-up's tend to focus on, but the way it gets represented here is a joke to professionals.