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November 25, 2020 05:25 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/vAMgTZekxxQ/sec-proposes-rules-for-giving-gig-workers-equity
SEC Proposes Rules for Giving Gig Workers Equity
The U.S. Securities and Exchange Commission has proposed rule changes that would make it possible for gig companies to give equity to their workers as part of their compensation if they meet certain requirements. From a report: This is something gig companies including Uber and Airbnb have asked the SEC to do over the years as a way to share their companies' upside with these non-employees. Instead, both Uber and Lyft gave certain long-time drivers cash and the ability to purchase IPO shares when they went public, while Airbnb is putting 9.2 million shares into an endowment it will use to finance initiatives for hosts. The five-year pilot program would allow gig companies to issue equity as long as it's no more than 15% of a worker's compensation during a 12-month period, and no more than $75,000 in value during a 36-month period (based on the share price when it's issued).Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/vAMgTZekxxQ/sec-proposes-rules-for-giving-gig-workers-equity
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