Re:CEOs’ pay climbed before layoffs at tech giants like Alph...
by jvmfjvfjvf on Saturday August 05, 2023 @07:53PM
(#37017448)
The stock would be worth less than his options price. Why would he still get $175M?
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Re:CEOs’ pay climbed before layoffs at tech giants like Alph...
by djcapelis on Saturday August 05, 2023 @08:31PM
(#37017688)
They’re not options, they’re grants of stock units which vest over time. A unit of stock is a share granted and vesting at its full price, not an option to buy stock at some price later.
While startups use options, most large public tech companies typically do not.