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Avantair Stock Options

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Jolimon

Well-known member
Joined
Nov 17, 2002
Posts
72
I just received an email from the Company announcing that all employees have received stock options. We all are going to recieve a letter over the next few days. Love this job

It just gets better.
 
So instead of giving you a competitive pay wage (real money and real cost), we are going to dangle 10k of options that you buy and then you cash in in a later date, proably not next pay check for some amount, and the whole time you hope the stock price goes above your strike price to cash in. And did they tell you management writes their own options, and I can assure you, their's will be better then yours. Carrots on a stick as we pull the cart.
 
So instead of giving you a competitive pay wage (real money and real cost), we are going to dangle 10k of options that you buy and then you cash in in a later date, proably not next pay check for some amount, and the whole time you hope the stock price goes above your strike price to cash in. And did they tell you management writes their own options, and I can assure you, their's will be better then yours. Carrots on a stick as we pull the cart.

Gosh, now that you put it that way I think it's just horrible that the company did such a dirty low down trick like that. Maybe I'll call Mr Santo right now and make sure he knows I hate carrots! Just like an FO we used to have here that complained when the management gave them a raise simply because the FO's were not consulted prior to giving them a raise. Sflax, believe it or not there really are silver linings, you only have to adjust your attitude to be able to see them.
 
Stock options could be a nice long-term benefit to Avantair employees. However, I suggest you all acquaint yourselves with various ESOP plans. Depending on how yours is structured, it may not be the great benefit it appears to be at first glance. If you're being give an opportunity to "buy in to" the stock options, the company may actually be using those proceeds as a form of financing and to prop up their books.

TINSTAAFL.
 
So if they give you a bonus in stock, you pay a the taxes, get limitations on when you can sell it and then maybe when you can sell it, it is worth more then your strike price, they pay nothing, but the price of the paper. So again, when are wages going to be competitive?
 
Sflax= jealous. Sorry my man maybe your employer will do the same for you. Sorry to make you angry at your situation. In your opinion it would be better if we didn't benefit from the upside of the company. Ask the southwest guys they may say something different
 
Jealous, hardly. I know that my pay check is based on money that I can spend today. FYI - I get both at my company, a real pay check that pays me what I work and a piece of the action. But I would never say my options are part of my income. Just like per diem is part of income.
 
Jealous, hardly. I know that my pay check is based on money that I can spend today. FYI - I get both at my company, a real pay check that pays me what I work and a piece of the action. But I would never say my options are part of my income. Just like per diem is part of income.

Only on FI do we take a gift horse and look it in the mouth. Sheesh :rolleyes:
 
I offer one word when it comes to "INVESTING" in the company you work for, which is is exactly what OPTIONS are. ENRON

It's especially dangerous when you really have no idea what is going on behind the scenes. I would never purchase a stock that I didn't have access to detailed financial information in that company.
 
I mean, they are giving it to us. But yeah, if you really stretch, I guess you could interpret that as some diabolical scheme to steal from us. You're right! Maybe I should refuse free money! Sure! That's the way!
 
I remember when people were blasting us because the company wasn't giving the employees any stock. Now people are blasting us because we are getting stock. It amazes me that no matter what we do it's a horrible thing.

And, is that guy implying that there's some kind of commonality between us and Enron? If so, please step away from the crack pipe.
 
There is no free lunch, no one gives you anything for free. Or at least that is how Uncle Sam see's it. Watch out, the current options laws, depending on your state and even the feds, require you to pay the tax in the quarter you receive the options, even though the options are not executable. I am all for money, better pay and QOL, but look at everything closely. Learn from the past, United ESOP, Enron ( a little different) and money in the bank is real money, money on some piece of paper is just a promise. Which can be broken.
 
sflax dont forget Southwest. Stock Options really sucked for them. Ticket agents retired with 500k. It really sucked that the company wanted everyone to participate in the upside.
 
Not saying I am not wanting anyone from doing well. Never said that, never will. Just that companies, especially in this industry seem to dangle a lot of carrots to keep the cart moving. I would hate to get 100k in options, owe 40k in taxes and make 50k in actual salary.
 

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