Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (72469)	1/17/2000 7:52:00 PM
From: Ish	Respond to of 108807

<<Ish, by these standards then a whole bunch of start-up company workers could get welfare. When you are compensated in stock options for a pre-IPO company those options are worth less than $1. each - in other words they are worthless - you are working for the promise of future $$. Come on, I'm sure you would be unwilling to make some sort of welfare payments to these people.>> No, as long as they don't turn down paying jobs. If they do hit it rich as you have done I believe they owe their fair share as you do.

To: Lizzie Tudor who wrote (72469)	1/17/2000 8:46:00 PM
From: Constant Reader	Read Replies (1) \| Respond to of 108807

Perhaps they could get welfare, but I doubt it (although they may qualify for food stamps with zero current income). They are exchanging current compensation for deferred compensation but it is still compensation and they are thus gainfully employed. That compensation may prove negligible if the company goes bust, but that is the risk the individual takes when making the contract. Those who want a guaranteed amount may be better compensated at the moment, but not as generously compensated in the future. If you are still signing employment contracts that result in no current compensation, I suggest you consult a qualified tax adviser. Your deferral of all income that one year (mentioned earlier) caused an increase in your taxes on your total compensation. Poor planning on your part - a qualified adviser may have saved you thousands.