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A comment on Must-Reads When Recruiting Programmers. Parent comment

Re:Must-Reads When Recruiting Programmers by blindhippo on Friday April 05, 2013 @10:11PM (#5502339)
In a sense yeah. The share option agreements I've seen haven't provided a way to flip the options into proper shares in the company that are under my name.

So the company boasts to me that I have "stock" in the company - I am a "owner" when in reality I'm not at all. I find it disingenuous.

Unless I'm completely misunderstanding this - I can never get a clear answer on any of this stuff.

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Re:Must-Reads When Recruiting Programmers by Evbn on Saturday April 06, 2013 @11:29AM (#5503856)
You seem confused. Private companies don't have any liquid stock to give. Options aren't the issue, just subtract salary minus share price and taxes to get net.
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Re:Must-Reads When Recruiting Programmers by blindhippo on Sunday April 07, 2013 @08:06AM (#5506919)
How am I confused? Get net of what?

My point is that local start-ups are misrepresenting share options as "stock" in the company, telling me I have ownership when in fact I do not.

And they use this notion that I am a "owner" to extract far more then the 40 hours per week I'm contracted to do (it's "start-up culture" after all). I like the work and problems that start-up's tend to focus on, but the way it gets represented here is a joke to professionals.

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