Re:Startup Restructuring 101
by 411111111111111 on Sunday November 27, 2022 @06:12AM
(#33762142)
It is if stopping to work is equivalent with getting deported though. Great system the US created with h-1b
The problem is that the following is what is was intended for:
"The H-1B program allows companies and other employers in the United States to temporarily employ foreign workers in occupations that require the theoretical and practical application of a body of highly specialized knowledge and a bachelor’s degree or higher in the specific specialty, or its equivalent."
Note, among other things, the word "temporarily" and the phrase :highly specialized knowledge." The real problem is that H-1Bs are often used by companies in very different ways than their stated purpose.
Re:Startup Restructuring 101
by texasbigdata on Sunday November 27, 2022 @11:26AM
(#33764100)
I’ve never received RSUs in a public company but can’t you basically set the strike price at whatever value you want? It’s just a financial instrument after all. NOTE, I’m not arguing for backdating.
RSUs have a strike price of $0 kind of by definition. And they're income when the restriction lapses, and that's complex when the stock is illiquid, so that's not ideal (sometimes, there's a dual restriction with time and liquidity, but that's messy as well)
Stock options could have a strike price of whatever, but tax favored stock options need to be granted at fair market value. Granting non-favored options away from FMV needs to be treated as immediate income, which is messy.
Maybe there’s only 25% of employees left to share the pie, but the pie itself is now only worth $10B. That’s not a great incentive when asked to work nights and weekends on capricious initiatives that come and go.