Silicon Valley fortunes are built on rising stock values. But Block, the Jack Dorsey–founded fintech company, is starting off the new year by offering employees an unusual proposition: Take cash instead of stock.
A new compensation plan rolling out to U.S. staff in the coming weeks features a "pilot choice program" that lets employees choose whether they want to earn some equity in the company or to get paid entirely in cash, according to documents viewed by Fortune. "The program reflects our commitment to empowering employees by giving them greater control over their compensation, fostering a culture of trust and autonomy," the company says in the documents.
