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Hedging Against Getting Paid in Stock

55 点作者 barisser将近 10 年前

5 条评论

fredkbloggs将近 10 年前
Many if not most publicly-traded companies explicitly prohibit their employees from hedging out their risk in this fashion. Check the fine print of your employee handbook before doing it. And if you are a section 16 employee, you should already know that you are almost certainly prohibited from doing it.<p>What, did you think you were the first to think of this?
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gopi将近 10 年前
This is what Mark Cuban did when he sold broadcast.com to yahoo in a all stock sale - <a href="http:&#x2F;&#x2F;www.quora.com&#x2F;How-did-Mark-Cuban-save-his-wealth-from-the-dot-com-crash" rel="nofollow">http:&#x2F;&#x2F;www.quora.com&#x2F;How-did-Mark-Cuban-save-his-wealth-from...</a>
m3talridl3y将近 10 年前
Before getting into the software industry, being paid in stock seemed like a no-brainer, because I looked at tech salaries and thought that you people were all making, at a baseline, well above what it costs to live a comfortable existence, so why wouldn&#x27;t you play the odds a bit and try for a valuable payout when your stock options mature? Then I got a tech job and realized that, no, most people in tech are still just making ends meet due to the insane cost of living that descends like a dark cloud anywhere a thriving tech scene springs up.
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fishcakes将近 10 年前
I think the spirit of this is misguided and goes against the spirit of the compensation. The stock based compensation is designed to align everyone&#x27;s incentives as well as filter for individuals who believe in the prospects of the company.<p>Hedging out your stock based compensation goes directly against this, and misaligns you with the rest of your company. I think if you don&#x27;t believe in the companies prospects it is best to take another job or ask for more cash and less equity.
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lordnacho将近 10 年前
This will work if you&#x27;re paid in the stock of a big company, which will have a market in its options as well. But then why not just short the things if you don&#x27;t want to have the stock?<p>It doesn&#x27;t work for non-listed startups. Lots of idiosyncratic risk, and no liquid market in the shares.
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