HR Brew: Suhas Joshi speaks to "The 3 items on a chief people officer's checklist ahead of an IPO"
Eric Franklin
Suhas Joshi, from the full article:
Many pre-IPO companies offer employees equity compensation as a promise that they’ll reap benefits from the firm’s future success. The idea behind offering these grants is to “ensure the buy-in of employees towards the company objectives,” Suhas Joshi, a financial advisor at Prospero Wealth who previously worked at tech firms including Stripe, said. “Since employees are compensated with equity, they are owners. They act as owners. They’re acting towards the interests of the company.”
As their employer prepares to IPO, employees might wonder what this equity means for their overall wealth. They’re likely to have questions about taxation, liquidity, and the risks versus the upsides of cashing on these shares once the company’s public, Joshi said.
