Back in the late 1990s, when Silicon Valley was bubbling with high-tech startups like Google and Netflix, Michael Spector was a young CPA who watched as fledgling cash-strapped companies paid their workers with stock rather than cash. He realized that a significant segment of the Valley's workforce was likely to run afoul of tax rules related to employee stock options.
Such options are a lot like nitroglycerin. Handled right, they're a great ingredient, providing economic incentives to workers without forcing companies to part with much-needed cash.
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