So now that I have introduced myself and my blog, what now? Well I should probably bring you up to speed. I'm about one week into a new job that I'm pretty excited about. Unfortunately, the compensation isn't one of my favorite things, but I shouldn't complain. I get paid pretty well.
However, I was a bit frustrated with the offer because it was stock focused versus salary focused. I'm not opposed to stock, but I don't think it's a good idea to have a lot of it (i.e. more than 10% of one's company stock). Nor can I take that stock share and eat it or buy some bread with it, at least not right away. I know, I know, it helps make employees owners of the company and it will grow in value (we hope) and be worth more when it is vested.
But my previous company's stock tanked and I was left with some worthless options and almost penny stocks in the ESP plan. So you can't really blame me for being leary of some more company stock or stock options.
Furthermore, it complicates my financial situation including my taxes, which I have been able to handle most of the time.
Ok, I'll stop belly-aching now and be grateful to have a job. It could be worse.
Sunday, January 13, 2008
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