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Started By
Message
re: Resignation is Official - New Agreement is Executed, but wait... - Update in OP and Page 5
Posted on 2/1/18 at 1:11 pm to LSUtigerME
Posted on 2/1/18 at 1:11 pm to LSUtigerME
quote:
This is quickly becoming a shite show.
Neither party is being honest or reasonable anymore and it’s going to lead to a hard separation rather than an amicable one.
If your boss works hard and gets you nearly what you ask for, including sacrificing some of his own pay, you’re in a lose-lose situation.
You need to decide if you are actually willing to stay or not. At this point, I’m not sure how you could. The new job has a lot of benefits, with the major pitfall being a longer commute (30min vs 60 min). Not sure the growth potential, or current situation, but moving could help the commute.
Seems like the OP has his mind made up and in my opinion is making the right call. It would suck to stay with the company and have to fight to get everything that was promised which is definitely a possibility with a small company. I had a friend in a similar situation(except it was a prominent surveying business) and stayed, when business went unexpectedly south 9 months after agreeing to stay, he was the first one with a pink slip.
0
Posted on 2/1/18 at 1:18 pm to Wind
Just tell him you want to discuss with wife and family. Of course after he told you that you were slacking earlier, why would you even consider taking their counter? I wouldn't burn any bridges, but I'd go.
Posted on 2/1/18 at 1:24 pm to Wind
When Sean Payton hired Gregg Williams, he had to allocate a portion of his own salary (some $250K) in order to get the number high enough.
Posted on 2/1/18 at 2:11 pm to Wind
5% of $0 at a company that fails is the same as 100% of that same company.
Posted on 2/1/18 at 2:20 pm to Wind
GTFO and take new job. Hour commute isn’t shite. I’ve had that or longer most my life.
Posted on 2/1/18 at 2:21 pm to Wind
quote:
He explained the company didn't make any money
Reason #1 to get the frick out of there.
Posted on 2/1/18 at 2:33 pm to VABuckeye
Company makes no money. Exactly. Doesn’t matter how many pie in the sky promises he makes.
I’m taking other job first thing tomorrow morning if I’m OP.
I’m taking other job first thing tomorrow morning if I’m OP.
Posted on 2/1/18 at 2:42 pm to Wind
quote:
He eventually pulled "80k and 5% equity" out of me.
Personally, I would have stopped short of that and just hit the road. Especially now that it's uncomfortable, he seems to be making every effort to meet your demands, and if he does make it happen and you still don't accept it'll burn a bridge.
Just my .02 of course, but after their first counter, and your reply of lack of growth opportunity and resignation to advance, etc. would have sent the message.
This is all of course if you were willing to leave and not just looking for leverage.
Posted on 2/1/18 at 2:44 pm to Fat Bastard
I worked for small companies for about 8 years in college and a few years after. It really put me behind in terms of salary and retirement with no 401k. I have been with much larger companies for about the last 9 years and my salary has tripled and I have a nice 401k built up. Working at a smaller company was also more stressful worrying about staying in business all the time.
Posted on 2/1/18 at 3:45 pm to LSUSPARKY621
quote:
Personally, I would have stopped short of that and just hit the road. Especially now that it's uncomfortable, he seems to be making every effort to meet your demands, and if he does make it happen and you still don't accept it'll burn a bridge
This is a good point and has me really regretting I gave him any number at all.
I hope he will talk to me again before talking to anyone else about that figure so I can remove all doubt once and for all.
I don't think I'd even accept if they offered 80k and 5%. Maybe I'm a fool.
Posted on 2/1/18 at 3:50 pm to Wind
(no message)
This post was edited on 2/13/25 at 6:40 am
Posted on 2/1/18 at 3:52 pm to Wind
OP was doing fine until he pulled the 80k and equity stuff. NEVER throw out numbers if you're not prepared to do so. Unless you are ready and know your number, just say thank you for the offer, let me think it over so you don't get pressured into doing something like this.
At this point just thank them for everything and go.
At this point just thank them for everything and go.
Posted on 2/1/18 at 5:55 pm to Wind
Take the F500 job and be done. If they truly cannot operate without you then offer to do contract work on the side at a rate that is commensurate with your value to the company.
Posted on 2/1/18 at 6:28 pm to Wind
quote:
I don't think I'd even accept if they offered 80k and 5%. Maybe I'm a fool.
Pennies on the dollar--maybe make "less" money at the F500 but 5% on 0 net income is still $0...
Posted on 2/1/18 at 7:15 pm to LSUSPARKY621
Run. To help make it amicable, don’t let him go try and get you that second offer. If he gets it and you turn it down he’s gonna look real bad and be pissed. Sounds like you escaped before the place fell apart.
Posted on 2/1/18 at 7:45 pm to Wind
quote:
They aren't quite *that* valuable.
On the open market, health benefits would cost me about $450 a month. I will pay about $150 out of pocket for benefits at this company. The $300 savings each month comes out to about $3600 in savings per year.
bullshite! You should rethink that. On health, the out of pocket is WAY lower thru a groups with many more valuable benefits..hearing, yes, etc
401k, matching $...etc
What do y'all sell? How much is 5% of sales?
Did anyone ever explain why your manager gave you a bad grade on your work?
Careful, maybe they are just trying to stall to make you miss out on other opportunity.
I bet your boss and CEO are getting benefits, you just don't know about it.
Do the two offers compete against each other in the marketplace?
Posted on 2/1/18 at 8:15 pm to Wind
Leave now.
Posted on 2/1/18 at 8:36 pm to Wind
I would take the new job after all that.
But I would also say that a 5% increase in today's America is not that bad. A lot of people aren't getting that.
But I would also say that a 5% increase in today's America is not that bad. A lot of people aren't getting that.
Posted on 2/1/18 at 8:52 pm to Wind
This is a no brainer. Seriously. Stop messing around with this guy and go take the benefits. Make sure you download Hardcore History , you'll need something to listen to.
Posted on 2/1/18 at 9:44 pm to Wind
If the company makes no money what is 5% equity gonna do?
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