• 4 Posts
  • 8 Comments
Joined 1 year ago
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Cake day: June 12th, 2023

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  • “Works-for-hire” is exactly the key point here.

    This is about who holds the IP. Sometimes, depending on the employer and contract, an engineer will get to share in a patent created in the course of the job. Or might have incentives such as Employee Stock Ownership Plans (ESOPs) or options.

    So it’s not true that the IT folks are exclusively paid salary. Many share in the risk as well as the returns of their firms.

    Let’s unpack that.

    Yes, there are ‘writers for hire’ in licenced tie-in fiction and comics. These authors get a flat advance BUT they still get royalties based on the number of books or comics sold. That is - base payment and then returns based on success if the product.

    Film and television writers are compensated by residuals in addition to salary. The studio owns the IP but the creators have a stake. It’s a risk and return sharing relationship with the studio. That’s the standard arrangement.

    How is this different from an ESOP or options as an incentive remuneration?

    How would an IT employee feel if a firm licenced the IP and then excluded its value from the calculation of ESOPs and options due, or the dividends on the nonvoting shares issued to employees?



  • Great that you were able to find a CSA that is a fit for your family.

    We really wanted to do this several years ago, but found that most of the local ones balanced out their production with either canning or smoking themselves or dry goods. Unfortunately we have some food intolerances in our family and none of the CSAs could accommodate.

    Instead we found a local delivery service with a focus on getting food from local and regional small farmers and producers as much as possible. They do their best to provide a clean label products and it’s been working for us since before the pandemic.