Steve HermanMar 15, 2024
At SpaceX if an employee is fired “for cause,” the company can repurchase their stock for a price of $0 per share, according to documents viewed by TechCrunch. https://techcrunch.com/2024/03/15/spacex-employee-stock-sales-forbidden/
Leaked SpaceX documents show company forbids employees to sell stock if it deems they've misbehaved | TechCrunch

SpaceX requires employees to agree to some unusual terms related to their stock awards, which have a chilling effect on staff, according to sources and internal documents viewed by TechCrunch.

TechCrunch
Show threadToni Aittoniemi

@w7voa No surprise that there’s an element of autocratic rule and soft fascism in these arrangements.

Thanks for reposting!

Mar 16, 2024 at 9:30amWeb