Stocks at Cruise
What kind of equity do employees get? I thought that Cruise has been acquired by GM and gives public stocks as a part of TC, but apparently it's still a separate entity (please correct me if I'm wrong). If it operates more like a startup, and employees get pre-IPO stocks, when is the IPO expected? Are there any ways to cash out, and when could one do it?
Amazon amazon.com Jun 20, 2018
Post your offer here with pre-ipo stocks. Btw if you get the offer now, your offer won't have GM stocks.
Apple NukeDukem OP Jun 20, 2018
I don’t have it yet. What stocks will it have then?
Cruise Automation Pagespop Nov 11, 2018
It's complicated. 1) current stock is imaginary stock tied to the value of GM stock but paid out in cash 2) in a few years, once we meet some goals, it'll be cruise-specific stock. No idea about IPO.
Thanks! So, if an offer is, say, 100k base + 100k stocks per year, you're getting 100k + whatever the cost is of 100k GM bought a year ago. Is it correct? When it becomes cruise-specific stock, will you still be getting it in cash? What I'm a bit worried is that at some point in the example above you start to get just 100k + some paper money, instead of ~200k.
So 100k a year in cash?