An announcement by President Emmanuel Macron today should make France more attractive to potential employees because of new rules regarding stock options.
It comes after 500 European start-up founders warned of a “brain drain” of the best and brightest in Europe.
The French 2020 budget law, voted late last year and enacted on Jan. 1, has two major measures already to make stock options of startups more attractive.
Lawmakers across the Continent haven’t given startups the compensation tools they need to share profits with employees. That’s changing.
Les pépites européennes vont devoir recruter 100.000 personnes dans l’année à venir. Elles ont besoin d’outils plus simples pour partager la valeur et en appellent aux pouvoirs politiques européens pour les y aider.
Chief executives from start-ups including TransferWise and Stripe urged European lawmakers to reform rules around employ stock ownership.
Rewarding staff with stock options is a Silicon Valley favourite. Is Europe facing a talent deficit because of how stock options are regulated?