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Comment on Former Parler CEO Matze Stripped of All Company Shares Upon Firing, Sources Sayparent

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The article says it's unusual. I gather this must not be a public company yet for it to even be possible.

In the US, by the way, pensions for around 97 percent of people have been replaced by 401k's, a kind of brokerage account for investing pre-tax income that your employer can contribute to also. It certainly does not get stripped if you leave, though you may need to stay a year before the company will contribute. It is a wholly separate kind of compensation from your stocks.

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