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by sicp-enjoyer 1243 days ago
> With stock performance, I’ve already taken a 10% wage cut

This is such a weird attitude to me. If it goes up you expect the gains, if it goes down the company is letting you down.

Stock is supposed to involve some risk. It's not cash, and you will only be disappointed if you build your lifestyle around it being a certain price.

2 comments

Its not a weird attitude if there is an implicit agreement between the employer and employees.

BigTech specifically has lured people with the promise of stock appreciation on top of already great base. When stock prices collapsed last year many companies offered “top ups”. The implicit agreement was that stocks only had upside.

They didn’t say the company was letting them down, or that it was unfair. They said they weren’t happy about it. You can understand that risk sometimes doesn’t go your way and still have human emotions about it, as well as make different choices in reaction.