That's how a lot of the executives budget too though. You'd be surprised how unsophisticated even high level software engineering VPs are when it comes to finance. Their expertise is in software, not finance.
As a case in point, we had to spend a lot of time educating people at Netflix how stock compensation worked, including a lot of VPs. They just didn't care, it was of no interest to them.
Money goes into bank, money comes out. ETrade account has a big number, yay! That was about it.
Of course some of them were much better than that, but just because they are engineering executives doesn't make them good with money.
As a case in point, we had to spend a lot of time educating people at Netflix how stock compensation worked, including a lot of VPs. They just didn't care, it was of no interest to them.
Money goes into bank, money comes out. ETrade account has a big number, yay! That was about it.
Of course some of them were much better than that, but just because they are engineering executives doesn't make them good with money.