Musk: X stock options will be granted based on proof of value submitted by employees
2024-08-26 11:44
Odaily News In an email to X employees, Musk said the company plans to grant stock options based on employees' expected impact. This means that employees must submit a one-page summary to tell leadership about their contributions to the company in order to receive stock. A source at X said the company still owes employees annual equity updates, which were supposed to be paid in April. According to two employees, Musk had previously assured employees that they could cash out their stocks regularly, just like SpaceX employees. However, he has not yet fulfilled that promise. (Theverge)
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