What’s an ESOP?
If you’ve ever founded a startup or got hired by one, you may have heard of Employee Stock Option Plan or ESOPs. What is an ESOP and why does it get people excited?🤔 An ESOP is a way of compensating employees for their efforts (usually in addition to salary). Does that mean the company is giving away valuable stock to its employees? Yes…and no.
Back to Chapter: Introduction to ESOPs