There IS risk to the employee; they now have a real loan outstanding and 100% personal recourse, so if the common stock becomes less than exercise price, their personal assets are on the hook [1]
This seems insane. All they're doing is giving employees the means to take on a very large amount of debt/risk.
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This seems insane. All they're doing is giving employees the means to take on a very large amount of debt/risk.
[1] https://twitter.com/theryanking/status/1493390184897032201