[giantg2]

"I'm just not sure why you think junior level employee #20 deserves more than what he agreed to when he got hired."

I'm not saying that.

"However clearly he didn't want to take that risk at the time, so why should he get the reward?"

This assumes that was an option. Some places hold onto equity very tightly.

[hemantv]

So go join a company that gives more equity. There are thousands of companies to choose from