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The truth behind the oft-misunderstood equity compensation plan

July 28, 2026 Robert Harrington

George Gershwin’s It Ain’t Necessarily So, with lyrics by Ira Gershwin, debuted in Porgy and Bess in 1935. The song playfully questioned whether accepted truths were, in fact, true at all.

Regular column readers know that we often say the same thing about employment contracts. What appears to be clear on paper frequently turns out to be legally unenforceable. READ MORE

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