I once had a job offer from Intel with a relatively low salary, and they explained that their compensation was based largely on stock options.
That was at $90/shr (one split back.)
Scumbria
So, that's true. That stock option would have been relatively pretty worthless at $90.00 a share right now. There are a few points to consider, that you did not mention:
1. For intel Stock Options, at each split, the number of unexercised Options Doubles, and the Option Price Gets cut in half. So 1 - $90.00 Option would now be 2 - $45.00 Options. Still pretty worthless..... right now. The longer you stay, the more valuable the Options become.
2. I'm guessing they didn't mention "How Many" Options are normally granted at Focal Review to an Engineer who "Meets" or "Exceeds" on their R&R. Did They?
3. Other benefits that might have been considered along with it (which other companies may also have) might be: Full Medical (Cigna), Dental, Life Insurance, Tuition Reimbursement, 15% Off Stock Purchase Plan, 8 Week Sabbatical every 7 years, Company contributing 401K.....
For you, it doesn't seem like it was worth it. For others, it might be. I hope that you are as happy where you're working, as "others" are, where they are.
Regards,
Semi
(Trying Out A "Kinder/Gentler" Attitude) |
