FinTech Magazine - March 2023 | Page 41

MORGAN STANLEY AT WORK company , when your equity vests , you can immediately sell it on the public markets . You have access to a liquid market .”
At a private company , the options are more limited . Swan establishes that this is where Morgan Stanley at Work comes in , following a growing number of private companies that have started becoming more proactive in providing liquidity to compete with public companies . Just over the past three years , it ' s a much more commonplace approach for large companies to take .
Offering access to value through private equity programmes Current financial instability is another reason for employees to demand greater value and security from their companies , says Adams , highlighting that the need for better equity packages has probably never been greater .
“ In terms of what ' s happening economically , I think liquidity is even more important because people don ' t have access to as much capital . Credit is far more expensive ; inflation means that your money doesn ' t go nearly as far as it did a couple of years ago .”
“ But people still have real needs to manage their lifestyles , and that can look like buying a home or paying for education for children . Your day-to-day life in this environment now means that it ' s harder to meet those same financial obligations . And so , if you have equity and you have all this value sitting on the side lines , people want
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