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It also just occurred to me that _he was on the board signing off on the equity grants_. So it is insane that he says he has no idea how this happened and later

It also just occurred to me that _he was on the board signing off on the equity grants_. So it is insane that he says he has no idea how this happened and later backtracks and says they were aligned on a growth plan that didn’t pan out. The rule that company CEO tweets a ton == poorly managed company never ceases to fail.

temp_praneshp 3y ago
How does equity grants at flexport work? In all my jobs, there is a number on the offer letter, but the actual sign off happens only at the first board meeting post starting date/
- molsongolden 3y ago
  This is what I've seen as well. It's possible he really hadn't seen the 75 offers before SHTF.
- manquer 3y ago
  This is true, even somewhat well run management will share the projected plan with the board and get their buy in. The board resolution approving it formally is typically on first board meeting after the employee joins. It is possible for management with poor relationship with the board and ex-CEO/Founder and issued offer letters without board consent or awareness. Approval may not be necessary depending on how the options are structured, for example phantom stock plans wouldn't need board approval per se since no actual stock ( or option for it) is issued.
ojr 3y ago
Elon Musk tweets a lot and Tesla has the best electric car batteries in terms of mile range, and the reusuable rockets at SpaceX are managed pretty well
- jedberg 3y ago
  > Elon Musk tweets a lot and Tesla has the best electric car batteries in terms of mile range Actually, that would be the Lucid: https://www.forbes.com/wheels/best/electric-vehicles-for-range/ https://www.forbes.com/wheels/best/electric-vehicles-for-ran... > and the reusuable rockets at SpaceX are managed pretty well My understanding from talking to multiple people at SpaceX is that Elon isn't really involved there. He shows up and says "do stuff" and they say "yes Elon" and then just do what they were doing anyway. Besides, it seems like most of his focus is on Twitter these days, which is clearly circling the drain.

temp_praneshp 3y ago

How does equity grants at flexport work? In all my jobs, there is a number on the offer letter, but the actual sign off happens only at the first board meeting post starting date/

molsongolden 3y ago
This is what I've seen as well. It's possible he really hadn't seen the 75 offers before SHTF.
manquer 3y ago
This is true, even somewhat well run management will share the projected plan with the board and get their buy in. The board resolution approving it formally is typically on first board meeting after the employee joins. It is possible for management with poor relationship with the board and ex-CEO/Founder and issued offer letters without board consent or awareness. Approval may not be necessary depending on how the options are structured, for example phantom stock plans wouldn't need board approval per se since no actual stock ( or option for it) is issued.

ojr 3y ago

Elon Musk tweets a lot and Tesla has the best electric car batteries in terms of mile range, and the reusuable rockets at SpaceX are managed pretty well

jedberg 3y ago
> Elon Musk tweets a lot and Tesla has the best electric car batteries in terms of mile range Actually, that would be the Lucid: https://www.forbes.com/wheels/best/electric-vehicles-for-range/ https://www.forbes.com/wheels/best/electric-vehicles-for-ran... > and the reusuable rockets at SpaceX are managed pretty well My understanding from talking to multiple people at SpaceX is that Elon isn't really involved there. He shows up and says "do stuff" and they say "yes Elon" and then just do what they were doing anyway. Besides, it seems like most of his focus is on Twitter these days, which is clearly circling the drain.