Flying Squid to Technology@lemmy.worldEnglish • 2 years agoUnity Bosses Sold Stock Ahead Of Scummy Dev Fees Announcementkotaku.comexternal-linkmessage-square44fedilinkarrow-up1606arrow-down153
arrow-up1553arrow-down1external-linkUnity Bosses Sold Stock Ahead Of Scummy Dev Fees Announcementkotaku.comFlying Squid to Technology@lemmy.worldEnglish • 2 years agomessage-square44fedilink
minus-square@kibiz0r@midwest.sociallinkfedilinkEnglish3•2 years agoWhy do we let execs sell stock received as compensation at all?
minus-squareAlwaysNowNeverNotMelinkfedilink4•2 years agoThey literally take out tax free loans with the stocks as collateral. Dodging the entire capital gains system.
minus-square@wmassingham@lemmy.worldlinkfedilinkEnglish2•2 years agoBecause stock you can’t sell is worthless.
minus-square@kibiz0r@midwest.sociallinkfedilinkEnglish3•2 years agoIt’s worth whatever it sells for when you resign. Which, if you did a good job, is way more than what it would’ve sold for the day you got it.
minus-square@wmassingham@lemmy.worldlinkfedilinkEnglish-1•2 years agoIf you’re doing a good job, though, why would you want to resign? And if, for reasons beyond their control, the stock price is going to fall (e.g. new international tariffs or something), why should they be handcuffed to that decrease in value?
Why do we let execs sell stock received as compensation at all?
They literally take out tax free loans with the stocks as collateral. Dodging the entire capital gains system.
Because stock you can’t sell is worthless.
It’s worth whatever it sells for when you resign. Which, if you did a good job, is way more than what it would’ve sold for the day you got it.
If you’re doing a good job, though, why would you want to resign?
And if, for reasons beyond their control, the stock price is going to fall (e.g. new international tariffs or something), why should they be handcuffed to that decrease in value?