> Stock options had long been a major part of the Sierra compensation package, so most employees and former employees were affected by the overnight collapse in Cendant’s share price, and its continued fall.
Stories like this one and my own experience are the reason why I refuse to accept contracts where stock options are part of compensation package. The agents/hiring managers are quite surprised when I tell them that stock options are just a way to make people work harder for less money. It is a sweet deal for the company and a crap deal for the employee.
Refusing seems like a weird thing, why not value them at $0 (i.e. pretend they aren't part of the comp). That's wise for anything not already public anyway.
That's generally my approach... I'd rather max out base salary, and if there are stock options, grants, etc.. it could be gravy, but I've never had that aspect work out personally.
> Stories like this one and my own experience are the reason why I refuse to accept contracts where stock options are part of compensation package.
I agree, except I don't refuse them. I just consider them to be without value when I'm totaling up the compensation offer. If the job isn't worth it without the stock/options, it's not worth it with them.
Stories like this one and my own experience are the reason why I refuse to accept contracts where stock options are part of compensation package. The agents/hiring managers are quite surprised when I tell them that stock options are just a way to make people work harder for less money. It is a sweet deal for the company and a crap deal for the employee.