this post was submitted on 15 Mar 2024
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Leaked SpaceX documents show company forbids employees to sell stock if it deems they've misbehaved (techcrunch.com)
submitted 8 months ago by ylai@lemmy.ml to c/technology@lemmy.world
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[โ€“] nman90@lemmy.world 0 points 8 months ago (1 children)

It's if SpaceX decides that the employee misbehaved, not the company that misbehaved, that allows them to ban that employee from selling private stocks. Also if you leave the company for any reason you lose out on 6 months of them or if you are fired they will buy back all of your stocks at $0, all the while you are paying taxes on your stocks. So the employees could possibly end up losing money from taxes on something they never actually got because the company said so.

[โ€“] Kinglink@lemmy.world 1 points 8 months ago* (last edited 8 months ago)

Oops I misunderstood the direction. (I think it was if the employee deems they misbehaved. (I assumed "It" was the employee, not SpaceX. More obvious in hindsight I guess, my bad.)