zlacker

"We fired the CEO for being too profit-driven" is a terrible message to send to your employees when you've lured them in with $1m comp packages that mostly consist of "Profit Participation Units" that are only worth anything when you actually make money.

>>rococo+(OP)
...unless those engineers are happy with fat salaries and understand that startup equity should be valued at zero.

>>rococo+(OP)
Maybe the executive management shouldn't have used "Profit Participation Units" to attract staff to join a non-profit organisation.

Seems like a way to put the incentives and motivations of the staff at odds with the charter of the organisation.