lukestein’s avatarlukestein’s Twitter Archive—№ 11,547

  1. This is a fantastic discussion from David Whitcomb, Emeritus at Rutgers. Among many other interesting points, I noted his (Beckerian) suggestion that ATD’s early success relied on hiring great programmers whom other potential employers might have discriminated against. @BabsonFinance/1354843297496395778
    1. …in reply to @lukestein
      We just hired skill, but we hired local [Charleston, SC; which host Erik Sirri notes was a hotbed neither of finance nor of tech]
      1. …in reply to @lukestein
        Notes that after Citi acquisition, employees including “secretaries were no longer allowed to get bonuses or stock options”… we lost all the feeling of a flat structure. At time of the sale, ~50–55% of ATD’s equity had gone to employees (initially stock grants, later options).