Warning: Some posts on this platform may contain adult material intended for mature audiences only. Viewer discretion is advised. By clicking ‘Continue’, you confirm that you are 18 years or older and consent to viewing explicit content.
People are careful with their words on this and often act like it’s a gift. It’s an ESOP so he sold it to his employees. That said, it’s still a better model than selling to a public company and I’m sure he did take a loss on it compared to that.
From the perspective of the employee it basically is a gift (more a benefit).
Employees don’t pay for stock in an ESOP; they’re earned by being employed there (with different options for how they’re divided, but restrictions so they aren’t excessively dominated by the highest earners).
People are careful with their words on this and often act like it’s a gift. It’s an ESOP so he sold it to his employees. That said, it’s still a better model than selling to a public company and I’m sure he did take a loss on it compared to that.
From the perspective of the employee it basically is a gift (more a benefit).
Employees don’t pay for stock in an ESOP; they’re earned by being employed there (with different options for how they’re divided, but restrictions so they aren’t excessively dominated by the highest earners).