The Netflix board responded by instituting a shareholder-rights plan to make any attempted takeover excessively costly. The terms of the plan stated that if anyone bought up 10% or more of the company, the board would allow its shareholders to buy newly issued shares in the company at a d...
Not many companies frequently conduct buybacks or liquidity events, which can result in employees’ shares essentially becoming “stuck.”“In addition to creation, you also have to give employees a chance to sell when the time is appropriate, so that they can make money from those ESOPs,” ...