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A comment on The Open Guide to Equity Compensation. Parent comment

Re:The Open Guide to Equity Compensation by guappa on Monday April 14, 2025 @05:40AM (#43679599)
It is fraud to take advantage of the fact that your employees don't realise their stocks are not the same kind of stock that the VC and the founders have.
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Re:The Open Guide to Equity Compensation by __turbobrew__ on Monday April 14, 2025 @11:29AM (#43682391)
morally, yes

legally, no

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Re:The Open Guide to Equity Compensation by SR2Z on Monday April 14, 2025 @07:52PM (#43687558)
Different stock classes SHOULD be illegal. I have yet to hear a single good argument for it that isn't obviously self-serving.

And ownership stake in the company should be a simple thing to understand, not some byzantine mess designed to fuck over the engineers.

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Re:The Open Guide to Equity Compensation by guappa on Tuesday April 15, 2025 @02:22AM (#43689571)
I don't know where you live but in my country going to some old person and trick them into signing stuff they don't understand is illegal.

Banks aren't even allowed to suggest buying high risk stuff.

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