[etothepii]

I doubt this is true. I can believe that it's a good idea to give people equity at the margin. But in my experience loyal people are loyal. People who put themselves first put themselves first. I think there's very little correlation between how good people are and how good they think they are.

Take a good, valuable or loyal employee and treat them badly and you can probably lose them. Take a bad, incompetent or disloyal employee and no matter how much you compensate them I suspect you can not change them.