Blackstone4
Joined 9 years ago
Joined 9 years ago
- You get back 10x on your initial investment ($1.5m) before anyone else gets paid when you sell the company. In the form of preferred shares.
- After that equity split 60/40 (i.e. you have 50% more equity)
Corporates have been squeezing employee who give a damn…with little in the way of pay rises. Corporate profits and stock prices have been off the charts while people struggle to look after their families if they can even afford to start one altogether!
Companies need to adapt and start actually rewarding hard work…and I don’t just mean giving out employee of the month awards..I mean cash money…
I received a job offer in finance and for almost double my salary….told my employer I was leaving. They asked what can we do to keep you and I said you can double my salary…and the project manager said yes..to be honest I didn’t believe them.
Since then I’ve gone on to work at different companies for good pay but little upside since the companies were not growing (often shrinking!). This makes it difficult to get promoted as quickly since the organisations are not growing so senior management ranks stagnant and no one leaves and new roles are not created. Right now there’s no incentive to me working hard…it won’t make a meaningful difference.
The article feel like it is trying to lay out facts relating to tradition while withholding opinion.
Seems to me there is a recurring problem where people overlay women’s rights on to everything… the world is multi dimensional and doesn’t singularly revolve around gender… this kind of thinking shuts down debate and ostracises potential participants. The formerly oppressed are becoming the oppressor..