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This is also why it's very very important for early employees to have their own lawyer review employment agreements. The CEO may be your best buddy and may prom
by dcow 5y ago
This is also why it's very very important for early employees to have their own lawyer review employment agreements. The CEO may be your best buddy and may promise to never fuck your over, but at a certain point they will report to the board and no longer be in full control. You should be weary of promises that simply cannot be kept. Your only option is to make the employment agreement 100% explicit even if it costs the company an extra round trip with legal. (Similar if a company offers to have their lawyers go over the employment agreement with you to save you some $$... there's an intense conflict of interest here that I'm surprised is even allowed.)
- szundi 5y agoAs a CEO of a company, I think this is one of the most important thoughts here. I was the owner too, hired a lady as CEO, later I fired her. It was very tiresome for me to keep wtf kind of promises she made just to maintain the credibility of the company and not to alienate people. Of course it payed out and I loved all the people, but boy... it would have been much easier to just tell the people that these are new times and those promises were against the company or whatever - pretty sure lots of people would choose the easier and cheaper way in "hard times". I told to directors in multinationals several times that we have to sign this because it is not evident for their eventual successors that it is in their best interest etc. Trust, but always be careful and assertive.