“Private Equity Buying Your Employer? Resist These 11 Employment Negotiation Tactics”

Sklover Working Wisdom

ACTUAL “CASE HISTORIES ”: For many years I have counseled and negotiated on behalf of employees when their employers (a) are being purchased by Private Equity investors, (b) are owned by Private Equity investors, and (c) are being sold by Private Equity investors. I’ve also represented employees being recruited to work for Private Equity-owned employers, commonly referred to as Private Equity “Portfolio Companies.”.

Equity 109

“Can a severance agreement require that my husband give up vested stock and stock options?”

Sklover Working Wisdom

As is more fully explained below, your husband’s employer cannot “force” him to give up, or take, anything – even vested stock or stock options (often referred to as “equity”) – so the law is somewhat irrelevant in this respect. In fact, many downsized or laid off employees quickly accept “bad” initial severance offers. . in equity, it’s not such a bad offer. in severance, but he could lose $100,000 in equity, it is definitely a deal to look at with great worry.

2013 122
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“When laid off, can I get my unvested options vested?”

Sklover Working Wisdom

I am currently employed by a large tech company and I have received equity compensation throughout my tenure. Some of this equity has yet to vest. My experience is that a great many “equity” plans provide for continued vesting so long as the employee is terminated without cause, and the employee does not compete directly or share confidential informatio n. By “equity” I refer to stock, stock options and other securities of a company. Question: Hi, Alan.

2013 109

Confidentiality and Non-Disclosure Duties – The Four “Situational Exceptions”

Sklover Working Wisdom

Although that definition may seem overly complicated and wildly expansive, it is actually a simpler version of what we usually find in employment agreements, equity awards, employee handbooks, and company policies. Cause" for Firing Confidentiality Fired, Downsized or Laid Off Misconduct and Bad Behavior Monthly Newsletter Library Trade Secrets and Confidentiality Yours (or Allegedly Yours “Due to the highly confidential nature of my position. even I don’t know what I do all day.”.

2016 100

Sklover’s Thought for the Work Week

Sklover Working Wisdom

I think of this proverb when I read of Corporate Mergers and Downsizings, or of Private Equity purchasing family-run businesses, or of “Armchair Warriors” urging that we go to war, without remembering, first, that few CEO’s, Institutional Investors, or Generals get “shot, wounded or maimed” in the process. “When elephants fight, only the grass gets hurt.”. Swahili Proverb.

2012 132

New Feedback

Sklover Working Wisdom

Getting Fired, Downsized or Laid off can be a very lonely time. Lately we have received a lot of wonderful feedback. We hope you don’t mind our sharing one recent and heart-warming example with you. Note: Next month, Vanessa will be my “right hand” for 21 years.

2020 130

How To Finance Your Career Change: The Complete Guide (With Real-life Stories And Honest Numbers)

Career Shifters

Downsizing. I had a few thousand pounds when I left my city job and a lot of equity in the flat. Top strategies for downsizers: Be clear on your rewards. If downsizing isn't a welcome option, but you're willing to do it for the sake of your career change, set a clear time limit to stick to. Find ways to make your downsize fun! Downsizing. I had a few thousand pounds when I left my city job and a lot of equity in the flat.

2018 157

“Offered severance at the end of a Performance Improvement Plan; can I ask for more?”

Sklover Working Wisdom

These are the five things that are next-most commonly asked for – and granted – in severance: (i) an extension of time before termination, as noted above, (ii) more stock options or other “equity” to vest, (iii) freedom from future non-compete restrictions, (iv) outplacement or educational assistance, and (v) most importantly for your wife, that the company will not contest her application for unemployment benefits. .

2012 109

Start Your Own Business And Cut Your Risk!

Career Realism

The data shows that the longer you remain an employee, the higher your risk of being laid off or downsized, while the longer you remain a business owner, the lower your risk of finding yourself without a job. While it’s true that the first year of business ownership can be riskier than the first year of new employment, just like building equity in a new house, you create a future with a business of your own.

2015 79

When Leaving Your Job, How to Take Your Colleagues With You

Sklover Working Wisdom

A Powerful Way to Motivate Others to Join You is to Offer Them “Equity”: Perhaps the best way to motivate colleagues to consider transitioning either with you or after you have done so is to offer them “equity,” that is, a chance to have some sort of “stake” in the product of their future efforts, in some shape, form or fashion. There are myriad ways to offer “equity,” from partnership to stock ownership to “your name on the door.” Fired, Downsized or Laid Off U.

2010 116

12 Tips on Surviving a Job Loss | Boomers Next Step

Boomers Next Step

She was devastated when she lost her job due to corporate downsizing. Could you tap into the equity in your home, or refinance to pay off credit card debts, a car payment or other bills? My first time being “downsized&# I was in a state of shock and waited some weeks before filing – not the case for my subsequent job losses over the years.

2011 62

Frugality is a career tool | Penelope Trunk's Brazen Careerist

Penelope Trunk

In most cases, renting a house is better for you than buying one: If you buy a house, you cannot easily downsize, you cannot as easily relocate, and you end up limiting your earning power. Is this your first time here? About this blog | About my company, Brazen Careerist | Penelopes guide to starting a blog Frugality is a career tool Posted to: Money February 1st, 2010 Del.icio.us Digg Reddit StumbleUpon Tweet This Facebook I have earned a lot of money in my life.

2010 86