I have to admit that Dale hit the nail on the head with this last reply. I
worked a VC board held Prosvcs firm and had options, lots of them....where
my buying price was .71 cents a share....the organization had some extremely
bad things happening in upper management and finicially and they ended up
cutting 25% of their consulting staff. As a result our options were not
worth squat and most of us ended up leaving before the lay offs occurred.
Lesson learned, options are simply a carrot which is dangled in front of the
ass.
> -----Original Message-----
> From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of
> Dale Holmes
> Sent: Thursday, September 14, 2000 9:07 AM
> To: [EMAIL PROTECTED]; [EMAIL PROTECTED]
> Cc: [EMAIL PROTECTED]
> Subject: RE: Would you back-burner your CCIE training for...
>
>
> >I work for an SBC affilliate, so I can only hope that the upper
> >management from SBC have finally taken the red pill.
> >
> The arrival of the spaceships has been delayed, do not eat the pudding.
> REPEAT - DO NOT EAT THE PUDDING!
> >
> >
> >My question to all is, would you back burner your CCIE training for a
> > >while for a chance of the options which you'll know the value of in a
> > >short amount of time, or would you rather pass because CCIE is a must,
> > >ASAP?
> >
>
> What are you, nuts?!?! Options are TOTALLY WORTHLESS, unless you
> can vest in
> them fully within the first year. Internet startup??? I don't
> care who the
> management is or who the VC is, they are going under before you vest. If
> they are not totally gone, the stock price will certainly
> plummet, and there
> goes the value of your options... The stock will most likely
> climb rapidly
> in the first year, and that is where you will earn your money. By
> the time
> you vest (usually 4 or 5 years), those options won't be worth the
> paper that
> the offer was printed on.
>
> Don't think so? Look at Netscape, ToySmart, and countless others...
>
> F**k options. You want to motivate me? Pay for my CCIE cert - books,
> classes, practice labs, exams... When I pass, kick my salary in
> the ass...
> that's something I can count on.
>
> Dale
> [=`)
>
>
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