In this episode, Dr. Anat Alon-Beck, Assistant Professor of Law at Case Western Reserve University School of Law, discusses her article "Unicorn Stock Options - Golden Goose or Trojan Horse?," which will be published in the Columbia Business Law Review. Alon-Beck begins by describing what a "unicorn" company is. She explains how technology startups have traditionally compensated their employees with stock options, in order to provide incentives for them to contribute to the value of the company and stay in their jobs. She observes that unicorn companies have created a problem for that model, because their abundance of cash causes them to delay their IPOs. She explains why this harms senior employees and creates undesirable incentives for junior employees. And she explains how to mitigate or solve the problem by encouraging IPOs, among other things. Alon-Beck is on Twitter at @anatalonbeck.

This episode was hosted by Brian L. Frye, Spears-Gilbert Associate Professor of Law at the University of Kentucky College of Law. Frye is on Twitter at @brianlfrye.

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