I've never been on either side of one of situations, but if the company is doing well, why doesn't the company just take care of the human? These don't really seem like opening-the-flood-gates types of decisions and companies could just choose to do if they wanted to, right?
You don't see the risk that is created when you allow unexercised options get called at a later date, when they're in the money, because the company is 'doing well'?
The options are exercised. OOP didn't do any diligence, got shorted, cared too late.
No, I guess I don't. The companies can choose to do what they want and I think they can make a different decision based on how well they are doing. I don't know. They don't have to, but I don't see why they couldn't.
If that were the case, why would anyone pay to exercise options ever again?
So that they aren't relying on a company to choose to do something out of kindness.
Correct.
The last time someone decided that an option shouldn't expire got us inflation, unemployment, inequality and a debt crisis.
Good thing that we stopped right???
Looks at the funding rate of his options in his wallet that he uses to buy things at the supermarket. Still no funding rate in sight.
One of the reasons such companies do well is they don't entertain "such things". Sad. But that's besides the point.
Not taking about $5k or even $5m. A billion dollars is a hell if a lot of money.
The shares are worth what their worth. People would have lost their minds and then everyone would have moved on. Is NVIDIA filled with more billion dollar typos? I don't think so, but I wouldn't care if it was.
This ain’t David va Goliath. It’s two billionaires fighting it out.
Unless of course the op sold the 15k shares he did get years ago.
A few do, I’ve been really lucky to work with a startup that got acquired earlier this year and took really great care of the whole team, even people whose options didn’t vest yet. After reading so many horror stories of acquisitions that was a relief to see the whole leadership and team work together to ensure people are taken care of.
I wish that was the usual situation
I appreciate you sharing your positive experience.
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Could you please stop posting unsubstantive comments and flamebait? You've unfortunately been doing it repeatedly. It's not what this site is for, and destroys what it is for.
If you wouldn't mind reviewing https://news.ycombinator.com/newsguidelines.html and taking the intended spirit of the site more to heart, we'd be grateful.
We don't need you to love capitalism (or billionaires), we just need you to stop posting low-effort flamebait comments like this one (or https://news.ycombinator.com/item?id=49840585). You may not owe capitalism or billionaires better, but you owe this community better if you're participating in it.