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I knew a secretary at a big telecom equipment company that had been paid in stock back when the company was just getting started. Twenty-five years later, she
by jtbigwoo 16y ago
I knew a secretary at a big telecom equipment company that had been paid in stock back when the company was just getting started. Twenty-five years later, she was worth over $10,000,000 and still working the same job. She didn't have a career path, she had two things:
-a job that made a difference at the company
-a share of the rewards
Give your employees those two things and they'll stick around.
- shasta 16y agoI think you mean - she didn't have a career path, but she had two things: - a job that made a difference at the company - $10,000,000
- jshen 16y agoHe had it right. A share of the rewards is a gamble that there will be rewards, but the outcome is unknown when the promise of rewards are given. She only knew that if the company did well that she would also do well.
- rythie 16y agoShe obviously either took a risk or didn't need the money back then. Many people refuse to take stock instead of a salary.
- tibbon 16y agoStability means a lot though when assessing this situation. A barely funded startup with a set of rookie founders? I'm going to be hesitant to look for the super long term. A company that has a near monopoly and provides essential services? That's stock that will probably have value in 30 years or longer.
- deleted 16y ago[deleted]