Career dilemma - put up with 9 months of torture for $3 million?
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Anonymous
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Have you tried to negotiate this someplace in the middle? It is worth something to the company to get rid of your soonest - you being there affects company morale, runs the risk that you’ll try to screw the company in the time you stay on, and they have to pay your benefits and they can’t fill your presumably important position until you leave.
As a pp said, it’s a 1.8m differential. Suggest you see if they’ll bump your severence to $2.2 and you’ll leave immediately, and I’d be willing to back down to $2m in your situation. |
Anonymous
| Just tell him $3 million in severance now will get him the resignation he wants. It's win win. |
Anonymous
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Hahahaha, I won’t make $3m in the entire length of my career.
Yes, I’d go to a contentious job for 9 months. Presumably you have decent vacation time? Put something on the books at the halfway mark, take a week at the holidays, and it’ll be over soon. I’d want it confirmed in writing though. If he fires you in 8 months… |
Anonymous
that is not an option unfortunately (to raise standard severance) |
Anonymous
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But you aren’t wanted and you are just there for the money. If this is your only concern, book yourself a lovely trip beginning the day after you vest and suck it up.
The issue is whether you go for the 9 months and risk him taking the severance package off the table and then firing you before you vest. Can you get an real agreement on this? I sort of doubt it would be enforceable. What leverage to do you have to get him to stick to the 9 months? |
Anonymous
| I can't even believe this is a real question. Woe is me, how will I ever survive in my white collar office job for 9 months for the paltry sum of $3 million? |
Anonymous
| I'd work in the salt mines for 3m for 9 months of work. Making big rocks into little rocks even. |
Anonymous
what’s your salary (plus bonus, benefits, etc)- bc under your plan to stay 9mos, the company is paying you those which they won’t have to do if you leave now. this plus the orher reasons I and PP’s have states above don’t make a ton of sense from the ceo’s standpoint. with this much money at stake I’d consult an employment atty to protect myself. |
Anonymous
| Severance taxed as income. Stocks taxed as capital gains. If you are C suite do the arithmetic. Severance is a ripoff. |
Anonymous
| I’ve been recently let go and as part of my separation agreement, my options will continue to vest on a normal schedule so for the next three years, I’ll be getting payouts. I’m also getting a severance payment equivalent to over a year of pay. Try to negotiate options payouts into your severance agreement. |
Anonymous
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Think about somebody working for $60k in a job they hate to get health insurance.
But oooh not being wanted is worth losing over a million for? Get a lawyer. You are not being rational and you need a legal agreement. |
Anonymous
| Is this a joke? Your feelings for nine months versus $3 million? This is a completely tone deaf post. Most people would jump at that opportunity in a heartbeat and many people are abused and demoralized at work for infinitely less money. Put your ego aside and get a grip on yourself. |
Anonymous
thank you for that! you are absolutely right, I have let myself get into my head, and lost perspective and good sense. I think I will stay and let this see how this plays out. Even if I leave with nothing, I have much more than most will ever dream of having. |
Anonymous
| It's about $45K a day or $225K a month. I'd probably suck it up. |
Anonymous
You would make more in 2 days than I do for a year, OP. I’ll come do your job and we can split 50/50 |