Well in the past employees got ISO's. Now employees are getting RSU's.
And in our lawsuit-happy culture (with a perverse incentive for companies to always settle lawsuits even when they can win), even the most employee-friendly place probably needs such an agreement for CYA reasons.
I do agree ecompanies can do a much better job of treating employees like partners instead of "resources" to optimize. Even on HN, we have fellow engineers talking of the importance of (soul-crushing) processes that ensure no one is essential. As if it's undesirable to let anyone be special or important...
RSUs happened IMO because Warren Buffett didn't understand tech. But they're fine, really, the same competitive pressures that led to compelling ISOs now lead to compelling RSUs. Not sure what problem that solved though but give me a couple beers and I'll probably come up with one.
I'm saying it's a step in the right direction. No more starting at zero or even being "under water" like with ISO's. With RSU's they just grant you the stock like they used to only do for execs (with nonqualified options or whatever). As long as the company doesn't get delisted or something you're a stakeholder.
And in our lawsuit-happy culture (with a perverse incentive for companies to always settle lawsuits even when they can win), even the most employee-friendly place probably needs such an agreement for CYA reasons.
I do agree ecompanies can do a much better job of treating employees like partners instead of "resources" to optimize. Even on HN, we have fellow engineers talking of the importance of (soul-crushing) processes that ensure no one is essential. As if it's undesirable to let anyone be special or important...