>Actually, I think profit sharing (properly structured) is a lot better than equity. Towards the end of last year, I spent quite a few hours thinking about a c

>Actually, I think profit sharing (properly structured) is a lot better than equity. Towards the end of last year, I spent quite a few hours thinking about a compensation structure that wouldn't completely screw over non-founders in a start-up -> small size company setting. A "profit sharing" style set up is exactly what I came up with after several days of considering the subject, with departing employees selling their "shares" back to the company at some pre-arranged multiple of earnings or book value.