Shopify Lets Staff Decide Cash-Stock Pay Mix as Shares Dive
- Company will let staff decide mix of cash and stock on pay
- Staff who allocate more than minimum to stock will get bonus
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Shopify Inc. is changing its compensation practices to let staff decide how much of their pay will be cash versus equity, as volatility continues to buffet shares of technology companies.
The Canadian e-commerce firm, which has seen its share price fall 75% this year, will allow employees to choose a mix of cash, restricted stock units and stock options, with the ability to withdraw equity immediately.