Thursday, April 05, 2012

Stock Options are "Creeping Socialism"

Listened to an interesting show on NPR
about the beginnings of Silicon Valley:

When Fairchild's investors back east took the option to buy the company, its executives didn't understand things like giving stock options to employees. "Their attitude was much like everyone else on the East Coast," Rock says. "Companies could give out a few options, but only to top executives. They were all very staid and white-shoe."
Rock says one executive called the idea of stock options creeping socialism. "They did things the way their fathers did them," Rock says.


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