Shares are often a much more tax efficient way of rewarding employees and having an actual share has numerous advantage's in term of morale retention and so on.
Also shares keep on producing income after you have left a company.
Also shares keep on producing income after you have left a company.
If I was making $120k per year working at MailChimp the last thing I would want is 30% or more of my net worth tied up in private shares. What employee wants that much exposure? It’s a private tech company with no plans for liquidity potentially ever.