Re:Robinhood lays off 23% of staff
by sianemo on Tuesday August 02, 2022 @06:35PM
(#32325147)
I'm not going to try to justify how I would act, or how anyone else should act, were I to have a compensation package putting me easily in the top 0.1% of society, but we can collectively dispense with the notion that certain types of compensation (i.e. stocks) must necessarily be prohibitively harder for a CEO to give up than just money.
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Re:Robinhood lays off 23% of staff
by selectodude on Tuesday August 02, 2022 @07:49PM
(#32325843)
The CEO of Robinhood would need to file a public form with the SEC if he wanted to sell any of his shares. People watch that and say "hmmm, why is the CEO of Robinhood wanting to sell shares? I wonder what he knows that we don't" and the stock goes down on that information.
Stock is absolutely more difficult to liquidate for a CEO.