03-11-2007, 02:16 PM | #1 | |
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New VP of Marketing
It seems like Segway is looking for a new VP of Marketing.
http://jobview.monster.com/getjob.asp?JobID=54642584 The part I find interesting is that the salary is listed as "base plus stock." As I understand it, unless there is an IPO that stock isn't going to be worth much. Is this a hint of things to come? I know this topic has been hashed to death and I don't know what is coming but consider the description. Quote:
Thoughts?
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03-11-2007, 02:45 PM | #2 |
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Interesting. Wonder what's happening with Klee. Great to see that this is being addressed.
Pam |
03-11-2007, 06:57 PM | #3 |
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Never underestimate the potential value of ESOP stock... it can work out to give you a very nice chunk of money when you leave the company, or the company goes public or is sold to a non-ESOP company. A good number of people who have become millionaires from those things, and they were not in top level executive jobs.
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03-11-2007, 07:37 PM | #4 | |
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SEG America lured him to run the Enthusiast Group
Quote:
(guys this is totally in jest) Because as we all know he is more a Segway HT Polo Fan, so he is going to be marketing the WOZ Cup this year... ;-)
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Will W Hopper DCSEG Washington, DC, U.S.A. Last edited by wwhopper; 03-11-2007 at 08:20 PM.. |
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03-11-2007, 07:59 PM | #5 |
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Very interesting, assuming the last person in this position held stock, could they still have that stock or would they be forced to sell it back? Next, do you know how the price of any stock is set if there be no IPO? I also assume they stayed long enough to become vested and if there was no specific provision to sell it back then they would be able to keep it indefinately. Sorry for all the questions but this is all new to me.
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03-12-2007, 12:01 AM | #6 | |
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Quote:
Once an IPO happens the value of the shares then increases but the vesting schedule remains the same. If somebody leaves the organization, than any non-vested shares revert back to the company and the payout of the vested portions is based on the applied nominal value. I'm not saying this is the case with Inc, just explaining the process. Of course, the job description doesn't say what kind of stock. It could be a stock of i2s that he then gets to sell . Watch out e-Bay, here comes Klee! Steven |
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