Post #50 by BenSolar on the Upstart Holdings board

Stocks A to Z / Stocks U / Upstart Holdings (UPST)

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Earlier this month, I estimated that their stock based compensation
would rise by about $41M in Q1. This was an astounding increase.
I was struggling to see where it could come from. The 27M awarded
is about 2/3 of that $41M, so that answers that.

Incidentally, it's also about 1/3 of the stock they repurchased in
2022.

Yuck. This kind of stuff does not make me a happy shareholder. :(

I can deal with a cyclical downturn in business, but the top managers getting immense riches at the same time the company is struggling to rein in expenses to scratch back toward break-even? Gross.

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