Mindy Z. Xiaolan
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![Illustration of an employee working with their boss sitting next to them](https://anderson-review.ucla.edu/wp-content/uploads/2022/01/AR-human-capitalists-thumb-760x570.jpg)
Employee or Capitalist? Equity Compensation Merges the Two
Labor’s losses to capital, much studied, aren’t quite as grim when stock and options are tabulated
![Earnings statement](https://anderson-review.ucla.edu/wp-content/uploads/2020/01/AR-income-shares-banner-FW-760x570.jpg)
Largest Firms’ Stock Gains Skew Big Picture on Worker-Owner Income Division
Wage earners get larger (relative) share at smaller companies, not at giants like Apple, Alphabet and Amazon