re: ZOM making a nice run

quote:

---

I know many oil field baws Ive worked with that have over 90% of their 401K in the company they work for stock and that stock alone. Upper executives of most large companies fall into that category as well.

---

you can get lucky depending on what part of the oil cycle you worked in and cash big but overall that's a poor strategy. Your salary and bonus are already depending on your company so you already have a vested interest.
The second my long term incentives vest, I sell that shite. Too many eggs in one basket. And if the company does well, that's fine too it means job security and bigger bonus. So you don't really regret selling.

Now if it's a company stock purchase program at a huge discount for employees, that's a different story and would depend on holding requirements because you get instant return on your money.