3 ms·
There's a lot of hope that goes into this. I have never had a stock option that was worth anything in the course of my career.¹ I stopped counting that as a fac
by dhosek 5y ago
There's a lot of hope that goes into this. I have never had a stock option that was worth anything in the course of my career.¹ I stopped counting that as a factor long ago.
1. I can actually go one better on that. I worked at one company that had a "can't lost" stock purchase program. You put aside money with each paycheck and you would get stock purchased at the lower of the price at the beginning of the year and the end of the year with a 10% discount. Of course in the time between when the shares were purchased at the beginning of January and when they were delivered at the end of January, the stock fell 50%. They never recovered their value and I ended up getting cashed out when the company that bought them went private at around 10 cents on the dollar.
- dap 5y agoThis happened to me too! Only it was a large public company. Employee stock purchase plan was 10-15% discount. Between Thursday afternoon purchase and Friday delivery of shares, company announced earnings and shares dropped like 20%.
- azhenley 5y agoEmployee stock purchase plans are different than stock options.
- dhosek 5y agoI am well aware of that. My point is that these non-cash compensation plans have inherent risks.