Unity bosses sold stock days before development fees announcement

Technology@lemmy.world – 747 points – 10 months ago

Unity bosses sold stock days before development fees announcement, raising eyebrows

Unity bosses sold stock days before development fees announcement::Unity executives sold thousands of shares in the weeks leading up to last night's hugely controversial announcement it …

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I guess it would be best to change the rules so that they cannot trade their company stocks at all while working there and a reasonable period beyond. I think some legislations already restrict floating stock like that but I'm no expert on the matter.

That would make stocks a form of retirement, not a work compensation.

How about that you can sell the stocks, with an uncancellable order a year in advance?

Good point.

I guess just having a staggered temporal restriction is fine, don't need to wait until you retire necessarily. You would still receive a portion of your salary package in the form of classic currency and plenty for a good life too. An example could look like this and I'm obviously making up the percentages and durations here, they would need to be fine tuned:

40% of salary as cash
10% of salary as stocks that can't be sold within 6 months
10% of salary as stocks that can't be sold within 12 months
10% of salary as stocks that can't be sold within 18 months
10% of salary as stocks that can't be sold within 24 months
10% of salary as stocks that can't be sold within 30 months
10% of salary as stocks that can't be sold within 36 months

When the homies fix corporate compensation by inventing RSUs 😎💰