stock-based compensation

also referred to as: stock based compensation

7 statements across 6 episodes · 0 bullish · 5 bearish · 3 people on the record · first statement May 27, 2022 by Brad Gerstner · across every show →

Everything said about stock-based compensation, oldest first

May 27, 2022 negative
Assertion Not checkable as stated
Gerstner: Stock compensation requests dominate Silicon Valley boardroom discussions
“And so what's, I think the single biggest conversation going on in boardrooms in Silicon Valley today is, hey, can we have a little bit more stock this year, whether it's options or whether it's outright RSUs, to give to employees, because if we don't give it …”
Brad Gerstner May 27, 2022 ▶ 42:16 E83: Market slide continues, and how to address Uvalde
Jun 30, 2022 neutral
Assertion Supported
Friedberg: Zendesk generates cash but dilutes shareholders 2.5% yearly via stock comp
“So this company's been making money every quarter. They generate cash. But in the last quarter, they issued sixty million dollars in stock to employees to compensate them for the work that they do. So that's two hundred and fifty million roughly of dollars per…”
David Friedberg Jun 30, 2022 ▶ 45:40 E85: SBF's crypto bailout, Zendesk sells for ~$10B, buyout targets, US diplomacy, AlphaFold & more
Mar 3, 2023 bearish
Opinion
Gerstner: Stock-based compensation is the greatest grift in Silicon Valley history
“100%. This has been the greatest grift in the history of Silicon Valley for sure.”
Brad Gerstner Mar 3, 2023 ▶ 1:02:37 E118: AI FOMO frenzy, macro update, Fox vs Dominion, US vs China & more with Brad Gerstner
Mar 3, 2023 negative
Assertion Supported
Gerstner: Coinbase reported stock-based compensation equal to 70% of revenue
“Coinbase, I think just reported SBC, which Hold your hat, Saks, was 70% of revenue. Not 70% of their earnings. 70% of their revenue.”
Brad Gerstner Mar 3, 2023 ▶ 1:08:34 E118: AI FOMO frenzy, macro update, Fox vs Dominion, US vs China & more with Brad Gerstner
Feb 9, 2024 negative
Assertion Partly supported
Friedberg: Snap paid employees 40x its 2023 free cash flow in stock comp
“They paid employees 40 times the free cash flow that was generated for shareholders during the year, which is also equivalent to 10% of the enterprise market value of this company.”
David Friedberg Feb 9, 2024 ▶ 28:06 E165: Vision Pro: use or lose? Meta vs Snap, SaaS recovery, AI investing, rolling real estate crisis
Feb 17, 2024 neutral
Insight
Chamath: Replacing human software engineers with AI bots will reduce SBC to zero
“If you replace humans with bots, which is what this is, you're going to crush those things. SBC at the limit goes to zero because you don't have to give stock to a bot, right?”
Chamath Palihapitiya Feb 17, 2024 ▶ 36:02 E166: Mind-blowing AI Video: OpenAI launches Sora + Is Biden too old? Tucker/Putin interview & more
Feb 28, 2026 negative
Assertion Not checkable as stated
Chamath: Tech companies burn free cash flow fighting stock-based comp dilution
“And so I kind of think like at some point the next shoe will drop and all of these tech companies have to really look at stock based comp because they literally incinerate most, if not all of their free cash flow fighting the dilution from stock based compensa…”
Chamath Palihapitiya Feb 28, 2026 ▶ 27:43 Software Stocks Implode, Claude's Hit List, State of the Union Reactions, Trump's Tariff Pivot
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