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Excellent post. It should be read in conjunction with "No such thing as a free lunch" which focuses on some of the less well understood impacts of stock based comp, including huge market distortions as uncovered by Deutsche Bank research. This is a link for anyone interested: https://rockandturner.substack.com/p/a-free-lunch-no-such-thing

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Awesome post!

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Love this! Do you see companies reverting to stock options instead of resorting to RIFs or stopping SBC altogether?

Obviously, these companies have FMVs too high for employees to afford to exercise, but perhaps Stock Appreciation Rights or Phantom Stock could offer a more predictable alternative. This way, companies could still foster a sense of ownership while enhancing recruitment and retention.

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Great to see all this data in one place. Thanks

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