Except those employees have already earned those options.
So it's a direct wealth transfer from people who have earned something, to institutional shareholders, most of whom are investors.
It's odd because Ben seems like a nice guy.
This reminds me of a kind of Thiel/Musk/Bezos ego thing, where otherwise rational and reasonable people do these couple of things where they delude themselves into the rationality of their decisions. But that 'character flaw' is actually a competitive advantage for an otherwise reasonable person.
So it's a direct wealth transfer from people who have earned something, to institutional shareholders, most of whom are investors.
It's odd because Ben seems like a nice guy.
This reminds me of a kind of Thiel/Musk/Bezos ego thing, where otherwise rational and reasonable people do these couple of things where they delude themselves into the rationality of their decisions. But that 'character flaw' is actually a competitive advantage for an otherwise reasonable person.