Thank ALL of you for your responses.
I started out with a good company but after two acquisitions, I've lost quite a bit. The first company I was with started the cable modem move here to the Midwest back in the mid '90s. The pay, benefits and stock GRANTS were great.
After the first acquisition, we lost benefits and our stock GRANTS became stock OPTIONS. Us, the employees, could not sell our OPTIONS because we were told it would drive the price of the stocks down because so many of us wanted to sell.
After the second acquisition, we were told most of our OPTIONS no longer existed. The NEW company didn't want to buy the OLD company's OPTIONS above a certain exercise price. For me that meant over 5,000 OPTIONS are now worthless.
That plus the constant diminishes of benefits over the seven year period has left me with LESS than what I started out with. I want to have more control over my finances.
Being a in-house employee of a company that is being bought is NOT fun.
Re: New to cable contracting
Member #: 37956
Registered: 5/7/2005
Posted:
4
Company:
Comcast
Occupation:
service tech. (VOIP, DTS, HSD)
Location:
midwest
There is 1 reply to this message
