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GreenCareerInfosm exists to provide a source of information and a forum for job seekers who are evaluating career choices. We feature updated, career-related situations such as the following question:
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Dear GreenCareerInfosm,
I have been offered a job as Production Manager with a publicly traded green industry employer and part of the total package included stock options that they said offset a higher base salary. I do not know a lot about stock options, but I do know eventually I will have to come up with some money to pay for them. What should I do?
Clueless on Comp. - Baton Rouge
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Dear Clueless,
It’s only money - - and in the business of hiring and retaining the best employees, many times it’s just not enough. The trend in the last 5-10 years has clearly
been for publicly traded employers to extend stock option eligibility to several levels below the top executives. A great example is Home Depot, who has from its inception provided a significant amount of stock option opportunity to most all levels of its work force. Unfortunately, with the volatility of the stock market during the last year, not everyone, as you know, has been able to retire early.
My best suggestion would be to become knowledgeable and versed as to how these options work, when you are eligible to exercise, the tax consequences upon selling and how viable the company is and the history of its share performance before settling for less base salary for stock options. You may also consider obtaining counsel from your attorney and/or CPA who may at least provide you the right questions to ask this prospective employer before you accept the offer.
May your options stay above water
Best regards,
GreenCareerInfosm
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