Flying Squid@lemmy.world to Technology@lemmy.worldEnglish · 10 months agoUnity Bosses Sold Stock Ahead Of Scummy Dev Fees Announcementkotaku.comexternal-linkmessage-square42fedilinkarrow-up1605arrow-down153cross-posted to: [email protected]
arrow-up1552arrow-down1external-linkUnity Bosses Sold Stock Ahead Of Scummy Dev Fees Announcementkotaku.comFlying Squid@lemmy.world to Technology@lemmy.worldEnglish · 10 months agomessage-square42fedilinkcross-posted to: [email protected]
minus-squarekibiz0r@midwest.sociallinkfedilinkEnglisharrow-up4arrow-down1·10 months agoWhy do we let execs sell stock received as compensation at all?
minus-squareAlwaysNowNeverNotMe@kbin.sociallinkfedilinkarrow-up4·10 months agoThey literally take out tax free loans with the stocks as collateral. Dodging the entire capital gains system.
minus-squarewmassingham@lemmy.worldlinkfedilinkEnglisharrow-up4arrow-down2·10 months agoBecause stock you can’t sell is worthless.
minus-squarekibiz0r@midwest.sociallinkfedilinkEnglisharrow-up3·10 months 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-squarewmassingham@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down3·10 months 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?