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The unvested shares portion is absolute bullshit.
"Yeah. That was one of your benefits. We’re just going to take that back now.
We need a law that says if you’re laid off. Your shares vest immediately.
ETA: and a proportional amount of shares removed from each c level executive.
I’m tried to stock options being flashed as a big bonus turn they screw people out of them. It’s happened to me several times.
Fuckin oath, that’s just completely fucked up.
Let me give you an example. I was given 100k of stock options when I started my company. They vest in three years. We just got notified of layoffs and recently our stock doubled. I’m my opinion we don’t need layoffs. Just let attrition takes its course and we’d right size in under a year.
As such, people will lose a lot of money by being laid off since they’ll lose all their options. They should vest automatically. It’s almost like they do layoffs to avoid paying th options.
Anything not legally required by law is always something they’re willing to take away.
