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E64: Antitrust standards & enforcement, tech repricing, lab leak obfuscation, E63 reactions & more
All-In with Chamath, Jason, Sacks & Friedberg
Stock Base Compensation
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There is very valuable human capital in technology business. A few people have, you know, discontinuous impact on these businesses. And it has been a stated strategy of all of big tec to use their balance sheets to buy small companies. That's really what's been happening for years in silican valley. You'd rather pay these people millions of dollars a year, if you're big tech, to basically work on next to nothing,. than take the risk of them going across he street to a competitor and then having the new oronsto anarotatton. The third element of that plan was, you have to change the rules on stock base compensation.
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