| Topic Name: |
Typical Option Information |
| Message Name: |
Taking advantage |
| Date Posted: |
04/11/2000 |
| In Reply To: |
The three-year old company I work for has just given out all to its employees the much awaited stock options. However, we have not been told the total number of shares or the percentage of equity we hold.
Instead, we were told the company's (ie: management's) own value of a share, which is more than double the strike price I was given. Since the management gave us their value of the shares, they said we could not know the total number of share, because we could then derive the company's self-valuation.
Isn't it normal to know the equity percentage of your stock options? I can't value the stock options since I don't trust the company's valuation. (An IPO is not anywhere on the horizon. A buy-out is the best I could hope for)
The other employees have not questioned the stock option package. I think the management may be taking advantage of less than savvy employees.
Any opinions?
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| Message: |
My opinion is that the management is taking advantage of less than savvy employees. Why's the company's valuation such a big secret? You have an obligation to keep it confidential. At my company, all of the employees know the valuation of the company. Or, at least, they did. It changes. But you gotta be given something. Especially after waiting three years (which is much too long, incidentally).
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