Nytimes iconNytimesSep 12, 2026

After the I.P.O., a Billion-Dollar Bill for Employee Paydays

A compensation strategy at start-ups keeps expenses low until they go public. At that point, the companies may face billions of dollars in catch-up expenses.

After the I.P.O., a Billion-Dollar Bill for Employee Paydays

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A compensation strategy at start-ups keeps expenses low until they go public.

At that point, the companies may face billions of dollars in catch-up expenses.

A compensation strategy at start-ups keeps expenses low until they go public. At that point, the companies may face billions of dollars in catch-up expenses.

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A compensation strategy at start-ups keeps expenses low until they go public. At that point, the companies may face billions of dollars in catch-up expenses.

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