BRUSSELS: Entrepreneurs and executives at some of Europe’s most successful technology startups are urging local governments to change laws to make employee stock options more attractive, in order to better compete with Silicon Valley.
In an open letter published yesterday and signed by about 30 chief executives of companies including iZettle AB, Funding Circle Ltd, Supercell Oy, TransferWise Ltd, Blablacar and US-based Stripe Inc, the tech companies said a patchwork of different rules in various European countries makes it complicated and costly for employers to dole out stock options.
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