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by carlosdp
2169 days ago
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This seems... spurious. Granting IPO stocks on IPO day is beneficial if the stock goes up, and "detrimental" if the stock goes down from the initial price instead, which is what happened with Uber. The article makes it look like Uber tried to short change employees, but if the stock had rocketed up, they would have saved employees a ton of money in taxes because the gain from IPO price to the price when the lock-up expired would have been taxed as capital gains. They also make it looks like these people are all making pennies because the stock didn't do well, which we all know is obviously not the case (especially if they are engineers). Side note: when people bash ISOs because they are evil or something, I just think of tax implications like this. This wouldn't happen if they were options instead of RSUs. |
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