France has been ringing in the new rules on the stock options of the employees for luring the talent in and then competing with the top tech hub of United States.
Emmanuel Macron, who is the president is going to be on Monday for the announcing of the plans of the government which have looked to expand the scheme of stock options for inclusion of foreign companies with the employees in the country of France in the wake of rule changes.
The reforms package comes post the 500 start-up founders of Europe who called on the member states of European Union for updating and aligning with the rules on the stock options of employees which is giving the employees a chance for acquiring a portion of the company which they are working for.
These entrepreneurs which are including Patrick Collison CEO Stripe and the boss of TransferWise TaavetHinrikus, have warned of a happening of brain drain of the brightest and best in Europe in case the policymakers did not reform the ownership share of employees for helping the tech sector of European Union’s rival which is Silicon Valley.
A letter which had been signed by the executives of tech and coordinated by the venture capital firm known as Index Ventures which has been sent to the lawmakers all across the continent in the previous year. Index Venture is an investor in companies such as Deliveroo and Adven and has claimed that the tech workers of United States are owning twice the amount of equity in the companies which they work for rather than the counterparts of Europe. These changes have ensured that the options are priced at the value which is fair.