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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.

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