Unity bosses sold stock days before development fees announcement, raising eyebrows
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Unity executives sold thousands of shares in the weeks leading up to last night's hugely controversial announcement it …

Unity bosses sold stock days before development fees announcement::Unity executives sold thousands of shares in the weeks leading up to last night’s hugely controversial announcement it …

  • sonnenzeit@feddit.deEnglish
    161·
    1 year ago

    I guess it would be best to change the rules so that they cannot trade their company stocks at all while working there and a reasonable period beyond. I think some legislations already restrict floating stock like that but I’m no expert on the matter.

    • severien@lemmy.worldEnglish
      7·
      1 year ago

      That would make stocks a form of retirement, not a work compensation.

      How about that you can sell the stocks, with an uncancellable order a year in advance?

      • sonnenzeit@feddit.deEnglish
        2·
        1 year ago

        Good point.

        I guess just having a staggered temporal restriction is fine, don’t need to wait until you retire necessarily. You would still receive a portion of your salary package in the form of classic currency and plenty for a good life too. An example could look like this and I’m obviously making up the percentages and durations here, they would need to be fine tuned:

        • 40% of salary as cash
        • 10% of salary as stocks that can’t be sold within 6 months
        • 10% of salary as stocks that can’t be sold within 12 months
        • 10% of salary as stocks that can’t be sold within 18 months
        • 10% of salary as stocks that can’t be sold within 24 months
        • 10% of salary as stocks that can’t be sold within 30 months
        • 10% of salary as stocks that can’t be sold within 36 months