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Unity bosses sold stock days before development fees announcement (www.eurogamer.net)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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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[-] sonnenzeit@feddit.de 15 points 9 months ago

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.

[-] severien@lemmy.world 7 points 9 months ago

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?

[-] sonnenzeit@feddit.de 2 points 9 months ago

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

[-] SugarSnack@lemm.ee 3 points 9 months ago

When the homies fix corporate compensation by inventing RSUs 😎💰

this post was submitted on 14 Sep 2023

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