The tender offer limitations still are, last I heard.
Sure, maybe OA can no longer cancel your vested equity for $0... but how valuable is (non-dividend-paying) equity you can't sell? (How do you even borrow against it, say?)
The tender offer limitations still are, last I heard.
Sure, maybe OA can no longer cancel your vested equity for $0... but how valuable is (non-dividend-paying) equity you can't sell? (How do you even borrow against it, say?)
(It would be a pretty fake solution if equity cancellation was halted, but equity could still be frozen. Cancelled and frozen are de facto identical until the first dividend payment, which could take decades.)
Again, who said anything about a 'specific loophole'? Needing permission to participate in a tender (which is the only way to sell) is not a 'loophole', and the threat is always there on the table. So again: how was that 'fixed'? Should I interpret your comment as implying that the tender threat of being frozen out is not fixed?
Certainly your fellow OA employee in the other comment doesn't seem to think that it's not on the table, because he is arguing that the threat is fine and harmless because it's never been exercised, which would seem to imply that it's still there...