stock options

“It's almost like we've taken stock options and we've hyped them up more than we should have, because then you do have this trust problem where if you do have to do something for the survival of the company, Now you're telling a couple thousand people, hey, we …”

“So if you look back in, you know, early 2000, like nobody was really thinking, nobody was negotiating options for a while. No, it was like, I need to be paid cash. I don't really care about options.”

“And the then accounting laws basically said that if you gave an employee more than, you know, a very short window to exercise, you would potentially create a very large accounting charge, which would make it impossible for the company to ever go public or be a…”

“If you're rich and you have 90 days to exercise, that's fine because you can buy your stock options. But if you're not rich, then you can't. And so now we've created this class thing.”

“So they changed the law and the law, the new law kind of made it okay to have a longer exercise period, but nobody changed the practice.”

“There's really no scenario where RSUs are better than options in that model. And so from a pure upside, from a pure opportunity perspective, from a flexibility perspective, from a tax perspective, from an administrative perspective, there are lots of advantage…”