![]() LMI is a key tool for the IT department, the only thing that gets used more being Outlook. I certainly understand and appreciate everyone's concern with the price hike, and I was just as upset each and every time its happened as well, but I'm not to the point of switching yet. I'm in the same boat as you (though not with nearly as many PCs). Almost everyone I know who joins a startup company in this day and age does it looking for the moment to cash out and I willing to bet there are a few there at Logmein. I seriously doubt that only the higher ups for that company are cashing out on this. I know plenty of people who have picked their jobs with the goal of getting stock options at a startup that they think will go big. That is your opinion and trust me not everyone sees it that way. You are basing your opinion off of your opinion on picking cash instead of stock option. I have also been given free stock as a signing bonus instead of a cash signing bonus. I have worked at a few places were they would give you an option for your bonuses (yearly and quarterly) of either some stock or some set dollar amount. We can't say one way or the other on exactly how much X employee stands to make since we don't know if we are talking about employees who started when they company was young and the option was low and we don't know what their policy was for stock options. Their CMO was only invested at 200,000 dollars maybe a little more. There is soaking and seeing what the market will bare. This is their 3rd increase of prices to their customers, some paying effective rates of double every year. I would imagine some are celebrating but if you were smart you would cash out and start looking for a job. Thus why to trash a company to increase its stock never works out for the majority of employees. But doubling for your average employee is just a couple of pay checks. Doubling is great for those that have a lot invested. Its not like the stock went from 0 to 50. Even at the low I wouldn't have taken options in lue of pay. I always ask for the cash for most companies I worked for. Its speculation but not without experience. Some even at 40,000 in dollar amount wouldn't risk a job to increase 10 points. As I said the majority of them likely have less than 2,000 in dollar amount. It may seem free but the likely hood is they give options. They give you a break on price but they don't give it to you for free. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |