this post was submitted on 14 Sep 2023
755 points (95.5% liked)

Technology

58137 readers
4485 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

Unity bosses sold stock days before development fees announcement::Unity executives sold thousands of shares in the weeks leading up to last night's hugely controversial announcement it …

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 15 points 1 year ago (3 children)

I guess it would be best to change the rules so that they cannot trade their company stocks at all while working there and a reasonable period beyond. I think some legislations already restrict floating stock like that but I'm no expert on the matter.

[–] [email protected] 7 points 1 year ago (2 children)

That would make stocks a form of retirement, not a work compensation.

How about that you can sell the stocks, with an uncancellable order a year in advance?

[–] [email protected] 2 points 1 year ago (1 children)

Good point.

I guess just having a staggered temporal restriction is fine, don't need to wait until you retire necessarily. You would still receive a portion of your salary package in the form of classic currency and plenty for a good life too. An example could look like this and I'm obviously making up the percentages and durations here, they would need to be fine tuned:

  • 40% of salary as cash
  • 10% of salary as stocks that can't be sold within 6 months
  • 10% of salary as stocks that can't be sold within 12 months
  • 10% of salary as stocks that can't be sold within 18 months
  • 10% of salary as stocks that can't be sold within 24 months
  • 10% of salary as stocks that can't be sold within 30 months
  • 10% of salary as stocks that can't be sold within 36 months
[–] [email protected] 3 points 1 year ago

When the homies fix corporate compensation by inventing RSUs 😎💰