Differences between silicon valley stock and city pensions are
1) stock options are a known volatile thing rather than a government backed guarantee.
2) Missed Stock options are much easier to compensate for financially than a pension. If you miss stock options, you are still part of the wage pool. If you miss a pension that is much harder. After all, the point of a pension is to take care of people who are 'worn out'. Hence, there is much less of a fall-back system for missed pensions.
1) stock options are a known volatile thing rather than a government backed guarantee.
2) Missed Stock options are much easier to compensate for financially than a pension. If you miss stock options, you are still part of the wage pool. If you miss a pension that is much harder. After all, the point of a pension is to take care of people who are 'worn out'. Hence, there is much less of a fall-back system for missed pensions.