this post was submitted on 22 Sep 2024
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The problem is that if you're working in any of the big tech companies we're talking about, at basically any level, a substantial portion of your compensation is stock.
The dude writing the code and the CEO are sharing the same set of incentives, if not the same value ($) of incentive.
It's shockingly good at taking otherwise decent people and flipping the moral center off because now you're deeply deeply invested in value extraction via stock prices, regardless of what you have to do to get there.
I've had more than a few friends turn utterly unrecognizable and defensive over shit they absolutely would have thought was gross as fuck in the past, except now they look to make six or even seven figures from it, so whatever, it's fine. If not them, then someone else, and they might as well be the ones to cash in.
So you're not wrong, but stock options are shockingly good at getting everyone's goals and desires aligned and while I don't have enough of a supply of tinfoil to think that might actually be the point of giving everyone options, eh, I'd be shocked if it wasn't at least an understood outcome.