Lack of Lucrative Stock Options Causes Exits at Swedish Startup
- Company moving U.S. sales operation from Columbus to New York
- Says staff turnover "normal" as several executives jump ship
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A lack of lucrative stock options at Klarna AB, one of Europe’s few technology unicorns, is causing a raft of senior exits, highlighting the tech industry’s growing dismay with Swedish tax rules.
The Stockholm-based payments company has lost at least 15 senior staff in the past year. Most recently Brian Billingsley, Klarna’s head of North America, left the company last month.