Blue Origin's new stock option plan comes with a catch
Blue Origin has introduced a new stock option plan to address employee dissatisfaction, but it includes a controversial non-compete clause. The clause mandates that employees forfeit their equity if they join a competitor within 18 months of leaving the company.
Why it matters
This highlights the aggressive retention tactics used by private space companies to prevent talent poaching in a highly competitive industry.
Blue Origin has lagged behind Elon Musk's SpaceX in the race to dominate the space industry. Paul Hennesy/Anadolu via Getty Images Blue Origin has a new stock option plan, after a previous version left employees with worthless equity. BI got a look at the previously unreported non-compete clause, an unusual move that could cost workers if they join a rival. Employees at Jeff Bezos' rocket company have watched SpaceX workers make millions off their own stock options. Blue Origin employees finally have a route to match SpaceX's new millionaires — but there's a catch. Jeff Bezos' rocket company has sought to address internal backlash over its stock option plan, which left employees holding worthless options while their counterparts at SpaceX made huge fortunes, by introducing a new, more generous equity scheme. However, the plan also includes an unusual non-compete clause, which has not previously been reported.
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