On: Mailchimp insiders react to employees getting no e...

[eru]

> [...] or just through dividends.

What if the company never pays dividends?

[id5j1ynz → eru]

Like Google?

[eru → id5j1ynz]

Or any company that prefers buybacks over dividends.

Economically, they are the same. But they are taxed differently in many jurisdictions.

(Though in the case of buybacks, the shares you got as an employee are worth something, if the buyback is done as something like an auction.)