SD-[Inc said:;n11059193]Unfortunately the shares I leave with may never be worth anything if things go too far south. But, I’ve sort of wrote those off anyway. Kinda sad in many ways. When I started there 4 years ago the company was 180 degrees the opposite of this and wildly successful. The new private investors decided that being wildly successful isn’t enough and changed everything. Not sure it’s going to work out for them.
What are your options for selling those shares? Sounds private? If you truly believe that the company is going to spiral, probably best to offload them.
SD-[Inc said:;n11059205]
They are private and worthless unless the private investors sell the company. I have to wait until then. Probably 2 years or so. Most likely the big reason to move me out is because they want to make the company look better on paper and then sell it. I think the CEO, who is about my age, is probably going to retire after this next transaction so he doesn’t give a crap about how screwed up the company gets either. My morals cost me 60% of that payout. But I am too old to whore myself out that way.
SD-[Inc said:;n11059215]No. They have the option to buy me out but I doubt they will. They are “class C’” shares given with these exact conditions. So this is nothing new. It’s fine to maybe have a payout in a few years. It’d be a nice surprise if it is anything decent at all.
Today I went into the office for probably the last time. It was super emotional. My teams are all energized and pumped up for 2023. I don’t have courage to face them leading up to and after the big announcement coming on Feb 1. I am a big baby and cried in the parking lot today before heading home
I am still bummed out on how it all went down with you. The politics at top level is why I don't want to move to US in my company. I can probably do way more than in my current role and also earn slightly better but the politics with incompetent Indians that plague all tech in my company will kill me.
I value happiness and have left my fate to God rather than take such a risk with my career. My boss sees value in what I bring to his team and that is what matters. Also we already had the conversation about if he will let me go just because I am in Dubai and not Amsterdam (mega regional HQ). He said absolutely not. At the end of the day it might not be his decision but I know that he has my back. Now if he were to leave then I will be left naked (again). Let's see how that turns out.
SD-[Inc said:;n11059720]Finally the CTO today made it public at my company that I am moving on. It’s actually a relief. It was interesting how he tailored the messages. There were 3 meetings, one with my peers on his staff, one with my staff, and one with the entire org. To my peers he sort of leaned into I didn’t have what it takes to move the company to the next level, to my staff he had nothing but praise for my accomplishments, and to the entire org all he talked about was how great his long term plans are and oh, BTW, John is leaving at the very end. At the peer meeting he literally lied right in front of me about what occurred in 2019. I just did a virtual eye roll and moved on. This is definitely the best thing right now. Afterwards I had people on my team reaching out to me and some were crying. It was very emotional. I got quite a few personal notes that I may print out and frame. They were that heartfelt and gratifying. CTO will probably hire a new SVP and off-shore the entire dev org anyway. He is not built for running teams and building good products. Sorry to pick on you Bay Area people. But, I find most leaders coming out of there have this same short term mentality. This whole pump up my stock value and bail attitude is just so pervasive today. It’s not in my DNA which is why I am not rich and also getting fired. I leave without realizing fortune, but at least I have my integrity.
SD-[Inc said:;n11059753]I do feel and sound pretty bitter in that last post. But am glad this thing are moving forward. Me and the wife booked a big trip to Europe in September, I can now freely work with contacts on a new opportunity. My first day of doing that already had some promising. I’ll probably hang low and play a bunch of Witcher 3 today instead of working. So things are looking up. Thanks R3D for being my rant outlet. It helps!!
SD-[Inc said:;n11059752]I never mentioned that my boss was Indian.
SD-[Inc said:;n11059193]He is Indian and frequently opted for low cost labor in the past.
ummm...