Boom. Done deal… Written offer came through, and I accepted.Barring something that comes up unexpectedly in my background check, it should be good to go.
Everything ended being as expected, except maybe the health insurance part, which my out of pocket maximum each year ends up being $3000 instead of currently $750. Darn it. Then again, I’m pretty sure the new acquirer will strip our health plan too. It seems to be the common theme these days, even at Qualcomm where the executive health plan has been cut and talk about a new HSA based plan moving forward as well as nickeling and diming employees by starting to charge things like a 401k account maintenance fee. Still, given the current environment, Q still has the best benefits I think, maybe a close second would be Intuit.
Anyway, I also hedged against the possibility of a catastrophic stock price loss on my stock grants, by buying cheap out-of-the-money put options at the new company. That way, if something catastrophic happens to my new company’s stock price, my put options should go up significantly, insuring me mostly from a catastrophic loss. And if the company’s stock stays or goes up, my put options will expire worthless but the value of my stock will be still high(er) to offset this cheap insurance. Trying to minimize my financial risks from a volatile stock market going into an environment were the Fed is going to raise rates…
