Do I have a right to shares after turning them down?
January 20, 2013 12:21 PM Subscribe
I accepted a higher salary in lieu of shares. Found of first week on the job the company is in talks to be sold. Am I entitled to demand shares?
posted by DuckGirl to work & money (21 answers total) 5 users marked this as a favorite
In October, I accepted a job offer with a small family-run company. During the salary negotiation, I was told that my salary demands could be met, but only if I gave up the right to have shares in the company from the beginning. I was told we could wait a few months and see how things were going, then re-negotiate shares later.
I started the job in November and learned during the first week that the company is in talks with a vary large company about acquisition. It's looking like this will happen very soon, possibly by the end of this month. Had I known this, it would have influenced my negotiations. Do I have any recourse?