Career advice

[Coronita]

Negotiate, my friend…if the company is growing as rapidly as you say, they should be interested in negotiating, particularly if you play the sob story about how your fiance is in college, you can't afford a house yet, and your fiance desperately wants to get pregnant. With a little luck you can equalize the salary plus get some options.

The whole scenario seems a bit odd to me. I can see a sales manager being bonus dependent based on performance, but for the manager to take that kind of a cut purely on the option opportunity seems to be a bit much.

Stan

Speaking from experience. The sob stories that people use to tell me at companies didn't really do it. The ones that came to me and told me what they brought to the table and what it would be like if they weren't there did work though, provided those people really did walk the talk so to speak. You do have to be tactful in saying this. But companies aren't usually sympathetic with people that just ask for a raise for because of some sob story. Just my opinion. 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Portlock]

If I had a new baby at home, I wouldn’t want to be working OT…or ANY extra hours….

On the other hand I have no daddy experience (yet!)…with that in mind, let’s ask the newer fathers out there – do you look forward to getting home ASAP??

[Portlock]

If I had a new baby at home, I wouldn’t want to be working OT…or ANY extra hours….

On the other hand I have no daddy experience (yet!)…with that in mind, let’s ask the newer fathers out there – do you look forward to getting home ASAP??

[Portlock]

If I had a new baby at home, I wouldn’t want to be working OT…or ANY extra hours….

On the other hand I have no daddy experience (yet!)…with that in mind, let’s ask the newer fathers out there – do you look forward to getting home ASAP??

[Portlock]

If I had a new baby at home, I wouldn’t want to be working OT…or ANY extra hours….

On the other hand I have no daddy experience (yet!)…with that in mind, let’s ask the newer fathers out there – do you look forward to getting home ASAP??

[Portlock]

If I had a new baby at home, I wouldn’t want to be working OT…or ANY extra hours….

On the other hand I have no daddy experience (yet!)…with that in mind, let’s ask the newer fathers out there – do you look forward to getting home ASAP??

[Aecetia]

Retirement planning:

“If you had purchased $1,000.00 of Nortel stock one year ago, it would now be worth $49.00.

With Enron, you would have had $16.50 left of the original $1,000.00.

With WorldCom, you would have had less than $5.00 left.

If you had purchased $1,000.00 worth of Delta Air Lines stock you would have had $49.00 left

But, if you had purchased $1,000.00 worth of beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling refund, You would have had $214.00 left.

Based on the above, the best current investment advice is to drink heavily and recycle.

It’s called the 401-Keg Plan”

[Aecetia]

Retirement planning:

“If you had purchased $1,000.00 of Nortel stock one year ago, it would now be worth $49.00.

With Enron, you would have had $16.50 left of the original $1,000.00.

With WorldCom, you would have had less than $5.00 left.

If you had purchased $1,000.00 worth of Delta Air Lines stock you would have had $49.00 left

But, if you had purchased $1,000.00 worth of beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling refund, You would have had $214.00 left.

Based on the above, the best current investment advice is to drink heavily and recycle.

It’s called the 401-Keg Plan”

[Aecetia]

Retirement planning:

“If you had purchased $1,000.00 of Nortel stock one year ago, it would now be worth $49.00.

With Enron, you would have had $16.50 left of the original $1,000.00.

With WorldCom, you would have had less than $5.00 left.

If you had purchased $1,000.00 worth of Delta Air Lines stock you would have had $49.00 left

But, if you had purchased $1,000.00 worth of beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling refund, You would have had $214.00 left.

Based on the above, the best current investment advice is to drink heavily and recycle.

It’s called the 401-Keg Plan”

[Aecetia]

Retirement planning:

“If you had purchased $1,000.00 of Nortel stock one year ago, it would now be worth $49.00.

With Enron, you would have had $16.50 left of the original $1,000.00.

With WorldCom, you would have had less than $5.00 left.

If you had purchased $1,000.00 worth of Delta Air Lines stock you would have had $49.00 left

But, if you had purchased $1,000.00 worth of beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling refund, You would have had $214.00 left.

Based on the above, the best current investment advice is to drink heavily and recycle.

It’s called the 401-Keg Plan”

[Aecetia]

Retirement planning:

“If you had purchased $1,000.00 of Nortel stock one year ago, it would now be worth $49.00.

With Enron, you would have had $16.50 left of the original $1,000.00.

With WorldCom, you would have had less than $5.00 left.

If you had purchased $1,000.00 worth of Delta Air Lines stock you would have had $49.00 left

But, if you had purchased $1,000.00 worth of beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling refund, You would have had $214.00 left.

Based on the above, the best current investment advice is to drink heavily and recycle.

It’s called the 401-Keg Plan”

[Dukehorn]

I guess I’m confused. You’re at a start up that hasn’t given you options yet? In my mind that’s sort of strange, that should be part of the base compensation package at most of the start-ups that I’ve represented or interacted with.

As for options vesting, I do know of people that have done well (some at start-ups and some at publicly traded companies). My buddy at Cisco is house-hunting due to his options. My brother in law was looking at a $3 million dollar home due to his AMD options (which has withered from $40 down to $7)–so that got tabled. A co-worker asked me to review his option package from his old job. He got options at 23 cents and the stock is trading at $15. Not a huge number but a good $30k for his one year at the company.

I also was a tech-trans lawyer that represented a number of start-ups during the dot boom. So I saw plenty of clients hit it big (and plenty that didn’t).

If your company has products and growth, why not go into management? How is taking a pay-cut different than folks that give up 2 years of salary to go to MBA school? Just have to make calculations based on your circumstances.

[Dukehorn]

I guess I’m confused. You’re at a start up that hasn’t given you options yet? In my mind that’s sort of strange, that should be part of the base compensation package at most of the start-ups that I’ve represented or interacted with.

As for options vesting, I do know of people that have done well (some at start-ups and some at publicly traded companies). My buddy at Cisco is house-hunting due to his options. My brother in law was looking at a $3 million dollar home due to his AMD options (which has withered from $40 down to $7)–so that got tabled. A co-worker asked me to review his option package from his old job. He got options at 23 cents and the stock is trading at $15. Not a huge number but a good $30k for his one year at the company.

I also was a tech-trans lawyer that represented a number of start-ups during the dot boom. So I saw plenty of clients hit it big (and plenty that didn’t).

If your company has products and growth, why not go into management? How is taking a pay-cut different than folks that give up 2 years of salary to go to MBA school? Just have to make calculations based on your circumstances.

[Dukehorn]

I guess I’m confused. You’re at a start up that hasn’t given you options yet? In my mind that’s sort of strange, that should be part of the base compensation package at most of the start-ups that I’ve represented or interacted with.

As for options vesting, I do know of people that have done well (some at start-ups and some at publicly traded companies). My buddy at Cisco is house-hunting due to his options. My brother in law was looking at a $3 million dollar home due to his AMD options (which has withered from $40 down to $7)–so that got tabled. A co-worker asked me to review his option package from his old job. He got options at 23 cents and the stock is trading at $15. Not a huge number but a good $30k for his one year at the company.

I also was a tech-trans lawyer that represented a number of start-ups during the dot boom. So I saw plenty of clients hit it big (and plenty that didn’t).

If your company has products and growth, why not go into management? How is taking a pay-cut different than folks that give up 2 years of salary to go to MBA school? Just have to make calculations based on your circumstances.

[Dukehorn]

I guess I’m confused. You’re at a start up that hasn’t given you options yet? In my mind that’s sort of strange, that should be part of the base compensation package at most of the start-ups that I’ve represented or interacted with.

As for options vesting, I do know of people that have done well (some at start-ups and some at publicly traded companies). My buddy at Cisco is house-hunting due to his options. My brother in law was looking at a $3 million dollar home due to his AMD options (which has withered from $40 down to $7)–so that got tabled. A co-worker asked me to review his option package from his old job. He got options at 23 cents and the stock is trading at $15. Not a huge number but a good $30k for his one year at the company.

I also was a tech-trans lawyer that represented a number of start-ups during the dot boom. So I saw plenty of clients hit it big (and plenty that didn’t).

If your company has products and growth, why not go into management? How is taking a pay-cut different than folks that give up 2 years of salary to go to MBA school? Just have to make calculations based on your circumstances.

[Author]

Posts