It happened in 2008 and it's happening again this year. To the tune of 4-to-1. They're marketing it as a good thing but if I understand it correctly, it means that the new shares are worth much less when given to us as employees as a part of the esop program. We still have all the ones we had but the new ones vested will be worth a quarter of what they were. Un-fucking-believable
It happened in 2008 and it's happening again this year. To the tune of 4-to-1. They're marketing it as a good thing but if I understand it correctly, it means that the new shares are worth much less when given to us as employees as a part of the esop program. We still have all the ones we had but the new ones vested will be worth a quarter of what they were. Un-fucking-believable