stock options

“You know, one of the challenges of the whole stock option thing is entrepreneurs and founders think that other people will be as motivated by owning part of the company as they are. They're not, not even close. It's a sort of a prize pool at the end of the gam…”

“These switch to a very simple system where everyone gets a number. This is what you make every year. And so everyone agrees what, like, the ground truth is of compensation. And then you can say, we want this in cache. Do you want this in store options?”

“If I saw a company that was using a lot of option stuff, I would just put my pencil down and say, I just don't like that. So it's in the too hard pile, and I'm not going to try to calculate that to the fourth decimal point. I just don't want to be part of it.”

“An option is basically an interest free loan.”

“What I have learned is that most people, you think that giving large populations options in the company's securities, that they would hold on to them. And what you find out is 80, 90%. The first moment that they, quote, vest, they cashed them.”

“You know, if you look at most buybacks, they're just covering up stock options.”

“I think stock options should be an expense. And if they're not an expense, I borrow from Buffett and even the chair of the accounting has said things like this, that, that if it's not an expense, then what is it?”