6 ms·
What are the ways they get paid at exit with worthless stock?
by no_flags 7y ago
What are the ways they get paid at exit with worthless stock?
- NeverFade 7y agoOne example: if you're the one who approves the sale, you can arrange for a cushy job with a golden parachute at the acquiring entity. Say, $1m/yr comp with $30m mandatory severance whenever you leave for any reason. Congrats, you just got paid $30m+ as an exec for an exit that paid nothing to all other shareholders.