He will save millions giving away these worthless RSU’s instead of cash.
He will save millions giving away these worthless RSU’s instead of cash.
Typically, RSUs are seen as more of a bonus than part of normal compensation. It’s more likely a way to try to keep people at the company since there will be a period of time before they vest, and that doesn’t even consider the fact that it’s private so you can’t sell the shares in the open market currently.
I was at a startup a decade ago that after years of holding options hostage decided to let employees take a portion of their compensation in options (not even actual shares).
Most of us responded, “....yeah, I’ll take my cash please.”
less than 6 months later they halved the company, and a few months after that we were…
one for the older folks...
Given Muskrat couldn’t even pay rent on some of the company’s offices, this is a nakedly transparent attempt to not pay employees. And unless I missed something, getting "paid" in private company stock isn't voluntary... this sounds super illegal, but INAL.
“the company’s valuation at $19 billion”
A percentage of a turd is still a turd, no matter how polished.
What are the odds that access to the RSUs will require use of the X bank app?
What’s it called when your superior product is propped up by billions of dollars of ostensible bribe money? The Translucent Hand of the Market?
Cheaper than dollars!
Twitter isn’t a start-up, the employees didn’t get shit when Musk bought the place a year a go, working conditions have only gotten worse and this mother fucker has the balls to offer stock options* to the ones he didn’t arbitrarily fire? What, did he run out of Jelly of The Month Club subscriptions?
Don’t forget, they’re underwater even before the moment they’re granted!
He’ll offer to let employees keep their RSUs in his uninsured, non-bank bank accounts because why only have one kind of risk when you can expose yourself to several!?
Nothing like stock options in a privately held company, that you can’t sell except back to the company. Basically giving the company a loan on payroll.
The great thing about Skyrim and Fallout 4 is that every single square mile is filled with so many things to find outside of any quest lines... little caves with the remnants of drama, pipes that take you somewhere special, oho a little puzzle treasure vault! And every single one of those things is there for a reason,…
Yahtzee talked about this recently in an Extra Punctuation video: Empty space is fine so long as it’s fun to traverse the empty space. For example, look at Spider-man 2: There’s a lot of empty space in NYC at any given point between activities. However, traversing that space is a fun activity in and of itself.
The size absolutely is the problem. It’s all about resource management.
Part of the problem I have with so many open world titles (especially the Ubisoft ones) are that Devs brag about how much space is in their games, yet when you really look at it, most of the time these spaces are virtually empty, copy and pasting…
Quality is always better than quantity. I don’t really care if a game has 100 solar systems to explore if said systems are boring to explore. Starfield has so much POI recycling and the planetary traversal is so boring that BGS somehow ruined what’s historically been the best part of their games: exploration.