Counter offer and stock options fiasco

New
geekygu

New

geekygu
Apr 12 6 Comments

I had an offer from a public company that was offering significantly more TC compared to my current one. My manager somehow convinced me to stay with a good counter offer. With an immediate base jump and a big chunk of stock options(almost similar to what I received at the time of hiring). This made me stay back. 6 months after this, just this week I got to know that stock options weren't approved from the board. But I never got any email or confirmation for the same. What to do. When I reminded my manager he didn't even remember this. I am not sure what to do now. Please help me how to move forward. I stayed back due to my current role, industry and of course the comp.

EM
TC 195k + 40k(stock options value)

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TOP 6 Comments
  • New
    Platypus1

    New

    Platypus1
    You get ready to leave and learn that next time keep these kinds of promises in writing.
    Apr 12 0
  • Adobe
    BGDs07

    Go to company page Adobe

    BGDs07
    If your manager is acting like he doesn't remember then it was all part of the plan. They knew you wanted more money and took advantage of your naivety. You fell for it. Don't say your manager somehow convinced you.
    Your staying took care of their short term requirement and they probably got knowledge transfer from you over 6 months. Now you are dispensable so they don't need to give you anything.
    I think there is only one solution: Leave.
    I have a policy of not taking counter offers for the same reason.
    Apr 12 0
  • Prepare to leave. The company is clearly signaling what it thinks of you.
    Apr 12 0
  • Dropbox
    cbell@

    Go to company page Dropbox

    cbell@
    Did you get it in writing? If yes, go to lawyer maybe but leave. If no, leave anyway having learned a valuable lesson.
    Apr 12 0
  • New
    ondsg83vg8

    New

    ondsg83vg8
    Wow. Which company?
    Apr 12 0