n.
Employees who cannot be persuaded to join another company because they would lose a large portfolio of unvested stock options from their current job.
Example Citation:
"This particular second-generation Internet company has managed to recruit top people who were still handcuffed—what people in the Valley call 'the unhirables.' Naval Ravikant walked away from what at the time was $4 million worth of unvested @Home stock options."
—Po Bronson, "Instant Company," The New York Times Magazine
—Po Bronson, "Instant Company," The New York Times Magazine
Related Words:
golden handcuffs
golden hello
job lock
optionaire
put skin in the game
return on talent
stock lock
strike price
stuckholder
underwater options
golden hello
job lock
optionaire
put skin in the game
return on talent
stock lock
strike price
stuckholder
underwater options
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