Re:We need to rethink employee compensation
by stephengillie on Wednesday June 24, 2015 @02:58PM
(#9773709)
It's like being paid in IOU: "1% of this lottery ticket's winnings".
There's multiple layers of risk and trust, too many dependencies. The transaction is too complicated and takes too long to complete. So the probability for exceptions to occur is great, and handling for those exceptions will likely fail due to the complicated nature of the transaction.
Re:We need to rethink employee compensation
by MCRed on Wednesday June 24, 2015 @03:07PM
(#9773768)
%0.01 Because even if it's %1 at the time you join, by the time the lottery ticket can be cashed in it will be diluted, plus liquidations preferences, etc.
There's multiple layers of risk and trust, too many dependencies. The transaction is too complicated and takes too long to complete. So the probability for exceptions to occur is great, and handling for those exceptions will likely fail due to the complicated nature of the transaction.