有人把股票期权比作“无期徒刑”,实为不妥。因为“无期徒刑”意味着“手铐”永远取不下来,事实上股票期权有退出机制,且期限的主动权掌握在持有者手中。也有人把股票期权比作“无本黄金”,其实也是误解,因为世界上“没有免费的午餐”。 对于人才来说,股票期权有双重效应,即“黄金”的激励效应和“手铐”的约束效应。 Some people compare the stock option to “life imprisonment”, which is actually not proper. Because “life imprisonment” means that “handcuffs” can never be taken down. In fact, the stock option has an exit mechanism and the initiative of the deadline is held by the holder. Some people also compared the stock option to “no gold”, which is actually a misunderstanding because there is no free lunch in the world. For the talent, the stock option has a double effect, that is, the motivation effect of “gold” and the restraint effect of “handcuffs.”