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Housing.com CEO gives his entire stake to employees
41–49 of 49 posts
Re: Housing.com CEO gives his entire stake to employees
#42As generous as that may be, is it a wise move for a CEO to essentially divest all of their shares in the company?
It has been done effectively converting a privately owned company to a worker coop. But this normaly happens towards the end of ones life eg John Lewis and Baxi in the UK.
Re: Housing.com CEO gives his entire stake to employees
#43> Rahul Yadav has decided to allot all his personal shares[...] So I'm not very well versed in options but does this literally mean all of his shares or is there a difference between personal shares and some sort of other shares? Did he really give away every share he owned / is entitled to ? Edit: erm, thought questions were okay. Why the downvotes? I just wanted to know if there is some sort of legal distinction wi…
This is all his shares.
Re: Housing.com CEO gives his entire stake to employees
#44> Yadav had reportedly written a resignation letter on April 30 to the board and investors and questioning their "intellectual capability" and giving them a one-week deadline to "help in the transition". However, on May 5, he withdrew the resignation and apologised for his outbursts. I call unstable. This CEO isn't maverick, world-changing bastard. He is simply unstable. Moreover, there are huge questions about quali…
Their UX is quite good. I was quite impressed when I saw their UX and even had an offer to join. But i was not impressed with interviwers and somehow felt arrogance whenever they talk. Now I understand why they grew that way.
Re: Housing.com CEO gives his entire stake to employees
#45That's incredibly awesome.
Many CEO's get paid so ridiculously much that the stock just pushes it into absurdity.
It's great to see folks realize the work input of all employees at a company is about the same and to share the wealth more equally.
The Gravity payments CEO was another great example - clearly he already pulled in a lot and had a lot of stock, but this is setting things right - http://www.nytimes.com/2015/04/14/business/owner-of-gravity-... (I'd also argue his original salary was massively more than needed).
Re: Housing.com CEO gives his entire stake to employees
#46> Yadav had reportedly written a resignation letter on April 30 to the board and investors and questioning their "intellectual capability" and giving them a one-week deadline to "help in the transition". However, on May 5, he withdrew the resignation and apologised for his outbursts. I call unstable. This CEO isn't maverick, world-changing bastard. He is simply unstable. Moreover, there are huge questions about quali…
That's what I was thinking. Albeit incredibly altruistic, the CEO's job is to steer and control the direction of the company. Most of the time that it done due to his position, but sometimes that power is wielded due shares owned in the company.
This man does not sound like he should be the CEO.
Re: Housing.com CEO gives his entire stake to employees
#47A founder CEO puts(should put) in more than anyone while getting paid industry standard salary or less in best cases. The only upside/motivation for them is the equity which can make him/her a millionaire. With that out one would look for the nearest exit because it's a thankless job and people don't care how you feel or how many sleeping nights have you had.
Re: Housing.com CEO gives his entire stake to employees
#48> Rahul Yadav has decided to allot all his personal shares[...] So I'm not very well versed in options but does this literally mean all of his shares or is there a difference between personal shares and some sort of other shares? Did he really give away every share he owned / is entitled to ? Edit: erm, thought questions were okay. Why the downvotes? I just wanted to know if there is some sort of legal distinction wi…
This is all his shares.
Thanks!
Re: Housing.com CEO gives his entire stake to employees
#49And HackerNews calls the man unstable, deranged, insane. Nothing is valued here but greed to some folks. Edit: The downvotes don't really prove me wrong, guys.
Or it could be that HN values stability, rationality, and sanity. If you read beyond the headline you will find plenty of crazy.
Or more likely, if someone is trying to convince you of their pure altruism - especially the CEO of a huge corporation - they're trying to scam you in some way. This guy is playing with large quantities of other people's money. If I were an investor I would be terrified.