this post was submitted on 09 Oct 2023
1001 points (98.5% liked)
Technology
59582 readers
2808 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Employees should be automatic shareholders. Ought to be a workers right by default to receive some portion of the equity they're producing.
Edit: And to be clear, shareholders win too. More companies should voluntarily structure themselves to grant shareholder rights to employees. Dumbass company ending mistakes are usually seen a long way off by line and rank employees.
But it should also be legally mandated structure, much like 401k rules exist now. I propose that all players involved are better off with such a rule, other than the (not currently rare) asshole CEOs who only want to pump and dump their stock.
Whoa get those perverted thoughts out of here commie scum!
It's actually pretty common to provide employees with stock options. But depending on the situation, it can be a better deal for the company than the employees. For the company, equity is a relatively cheap way to "motivate" employees. For the employees, it goes against the principle of portfolio diversification: if the company does badly, not only is their regular income threatened, but so are their assets.
I’ve gotten options at the last three companies I’ve worked for and they’ve never been worth more than $5,000.
Yeah, most employees would much rather be paid the cash equivalent of whatever their stock option may have been
Unity employees are shareholders, but greatly in the minority compared to the executives. The C-suite is routinely granted thousands of shares while the lowly employees are given a few hundred RSUs every year, which vest over a period of 4 years. It's kinda bullshit how little equity employees by comparison, but definitely by design.
They receive money which can be used to buy equity, no? It’s their choice not to. At least in a publicly traded company.
That point aside, I usually do receive stock in the company at jobs I’ve worked. Financial firms.