this post was submitted on 09 Feb 2024
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That's like say giving good employees a bonus is stealing some stockholder's hard-earned retirement. Employee compensation is just a standard expense. Similarly, potential shares of licensing revenue are a common incentive companies dangle to get more employees working on patentable ideas. Maybe only a couple percent, but for significant stuff like this it works out well for everyone involved.
You should give good employees a bonus. But you can't give away hundreds of millions just to be good to your employees because it's not your money
Nobody is talking about giving him all proceeds. Maybe 1%, and not trying to sue the shit out of him, would've left everyone happy. In the end they undoubtedly wasted more money on lawyers acting like pricks. That's investor money too. And they almost lost hundreds of millions in a countersuit due to their egregious behavior. Poorly handled, even from an investor perspective.
In another reply I said they should have given him like 8 million to start and avoided the whole issue.
Agreed