Flying Squid@lemmy.world to Technology@lemmy.worldEnglish · 1 year agoUnity Bosses Sold Stock Ahead Of Scummy Dev Fees Announcementkotaku.comexternal-linkmessage-square41fedilinkarrow-up1599arrow-down153
arrow-up1546arrow-down1external-linkUnity Bosses Sold Stock Ahead Of Scummy Dev Fees Announcementkotaku.comFlying Squid@lemmy.world to Technology@lemmy.worldEnglish · 1 year agomessage-square41fedilink
minus-squarekibiz0r@midwest.sociallinkfedilinkEnglisharrow-up4arrow-down1·1 year agoWhy do we let execs sell stock received as compensation at all?
minus-squareAlwaysNowNeverNotMe@kbin.sociallinkfedilinkarrow-up3·1 year agoThey literally take out tax free loans with the stocks as collateral. Dodging the entire capital gains system.
minus-squarewmassingham@lemmy.worldlinkfedilinkEnglisharrow-up4arrow-down2·1 year agoBecause stock you can’t sell is worthless.
minus-squarekibiz0r@midwest.sociallinkfedilinkEnglisharrow-up3·1 year 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.
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.