When I worked at Intel every co-worker immidetiatly sold their ESPP for "muh 15%". How these short sighted mo--ns got hired I never knew, but it was my tell to GTFO out of this sinking ship. No employee had long term vision... just "what's best for me" mentality.
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@a8... it is good that you left... apparently you aren't to bright either. You don't need to code anything to get out of a paper bag. I guess you have never heard of diversification, people who hold on to ESPP and RSU lose everything when the company goes over a cliff like Intel did. Any body who held all of there Intel stock has lost over 55% of the value in the past year alone. They may never recover from those loses. Holding stock has nothing to do with dedication.
All of this risk management talk and nobody blinks an eye working for a company with no future, limited promotion options and a well below average TC.
It’s smart to diversify risk by selling ESPP stocks regardless of company momentum. Employees already carry plenty of risk/opportunity from RSUs.
@bw yet you still work there?
You’re tanking your career by staying at a dead company.
Counterpoint: I started selling my ESPPs immediately after purchase when it became clear the company had no long term and stock would continue to go down. Glad I got out in the 40s rather than bagholding to 20.
Most insightful post in quite some time.
OP is spot on.
He’s right. It’s a good post.
Congrats .. stupid post of day award .. lots of competition .. hard to win.
@a7 i diagnosed sh1t quite well. Leaving Intel was the smartest decision I ever made. I wasn't forced out or VSP'd. I got tired of working around losers like you who can't code their way out of a paper bag.
That's a symptom. It's not related to the cause. You can't diagnose sh1t.
Look at the mo--ns downvoting me because they know it's true. Just me me me mentality. Fu-k everyone else we have a unique opportunity but fu-k you SELL I GOT MINE. Look at my power point.