Re:Stripe Faces $3.5B Tax Bill as Employees' Shares Expire
by sverhagen on Thursday March 09, 2023 @06:02AM
(#35080117)
Doesn't that mean these the decision makers also don't have liquidity? If so, wouldn't the lack of liquidity not be for them still believing that there's a bigger payday behind the horizon? Still sucks if you want/need the cash now, of course.
[ Parent
| on HN ]
Re:Stripe Faces $3.5B Tax Bill as Employees' Shares Expire
by ethbr0 on Thursday March 09, 2023 @07:46AM
(#35080636)
Without employee power on the board, there's nothing to prevent leadership from issuing themselves a different class of stock.
Especially for pre-IPO companies that are beholden to fewer financial regulations.
Either you have power, or you have a promise.
... And promises depend on how much you trust your counterparty.