In addition only the Issued and Outstanding shares have a vote. What Bill and Mitch did was to promise their two initial employees 8,000 shares based on all of the Author-ized Shares. The fact of the matter is that Bill and Mitch don't know whether exactly 200,000 shares will be issued in the future. Perhaps they will do other OEM deals and not need outside investors. Per-haps the outside investors will demand more than 50,000 shares, perhaps they will settle for less.
Stock provides a longer term return.
Not all employees will value stock the same way. The Founders, didn't. However, many persons would place a higher value on 10,000 shares because it sounds like more. This is really a matter of philosophy, corporate cul-ture and market conditions. We are all victims of our past experience.