[Xyik]

Let's be honest, the only reason companies aren't transparent about these things is because of investor/founder greed. Whether or not the numbers are 'fair' isn't even relevant until employees fully understand their compensation. It's basically like how landlords in SF take advantage of the housing market by unnecessarily raising rent to absurd levels just because they can - it's the same with investors. They have the money so they try and scalp those who need it under the guise of taking on risk. In reality, if an investor lost the 10M he/she invested in a company, it probably wouldn't change their life at all.