In my opinion, the incentive program is not particularly loose, and it’s important that talented people joining the company feel they have the opportunity to increase their share of the pie in the future through their own contribution. In the share savings program, this is a much more mechanical process. Do your job well enough not to get fired, save into the savings program, and enjoy the reward shares. If a person joins the program announced today, this secure safety net of the share savings program is completely missing, and the reward could be just a pat on the back if, for example, personal data leaks from the register, or someone hijacks all the data Inderes has stored on its website, and even the backups are destroyed.
Is the staff automatically committed or are they immediately ready to switch jobs when a brick-and-mortar bank offers a portfolio manager position if they see they have no concrete opportunity to partake in future returns as owners? Alternatively, what if Alma Media started wooing coders, and they wanted to go develop a competitor for Viceosync?
I share the same concerns regarding this, though even if the company’s share price were to rise by another 200% to 180€ over a six-year period, it would again be possible to distribute shares in the form of dilution to those who have contributed to that growth.