On equity as compensation: SoftBank is paying @wework about twice as much per share for stock than they’re paying employees for WeWork stock. Sorry employees! https://www.google.com/amp/s/amp.ft.com/content/940ed57e-1356-11e9-a581-4ff78404524e …
Via @matt_levine
*possibly employees might own a different class of shares. Who knows?
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One of these days I’ll have to write a massive list of all the oddities, pitfalls, and corner cases I’ve seen in non-public equity. This is the first time I’ve noticed this one. Also: I’m curious if the executive team gets the same share price as the employees.
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I don’t disagree. And I’d advise any WeWork employee to consider selling a fraction of their shares now, if they have a significant amount. OTOH, this is exactly the sort of detail that won’t get disclosed when recruiters talk to prospects. “Maybe another round in Winter!”
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Reflecting more on
@patio11’s comment, this is good. I wish I could have sold stock at past places, even at a
discount. Kudos to @weWork. Thoughts: - Some options might have 0 value - Talk to an accountant - Investigate liquidity at better terms via a loan (eg@esofund)https://twitter.com/patio11/status/1082861719540518914 …Thanks. Twitter will use this to make your timeline better. UndoUndo
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