I'm not the OP, but agree with their assessment and stayed 3.5 years despite that. For me, the reason was the vesting schedule: 4 years with a 1 year cliff.
You join and are granted 400000 options at $10 strike and stock is worth $10
2 years in and the stock price is now $110
You think the company is terribly run and the stock with crash at this point. However if you quit, you lose the 200000 unvested options worth $2M on paper
Even if the stock crashes to $20 they are worth $200k
Hard to find a better paying job in that situation until the options are fully vested
I mean, you can take it quarter by quarter. If you get your vest and (even if you sell them immediately) the value is worth it to you, you'll probably stick around for another quarter to get the next one.
You don't just say on day 1, "I don't think the company is going anywhere, but I'm committing to staying another 4 years".
I was in a similar situation. A year into a job with a large company, I realized the company had issues and that I didn't like most of the people I worked with.
I stayed for ~1 year after I realized I needed to get out: At the time I was getting paid very well, had very low expenses, and was saving to quit my job and start my own company.
My original plan was to stay a few months longer to build up some more savings, but "things happened" inside the company. I was re-assigned to a horrible manager; I hunted around for another assignment (on the advice of my boss's boss,) but that was going to be Flex-based. (And I bet correctly that Flex was going to fail in the marketplace.) I decided that I was better off quitting and self-teaching myself HTML + Javascript instead of getting paid to learn Flex. However, I could have stayed for a 2-3 more years, worked in Flex, made a boatload of money, and selectively applied for jobs elsewhere.
> One year into it you knew the company was going to fail yet you stayed on for 3 more years?
There's a lot of risk in changing jobs: If you "have a good thing going," it's best to bide your time until a better thing comes along. Interviewing is quite time consuming too, so don't assume that someone can just casually make a few phone calls and walk away with a "better" job. (This is especially the case if you have kids, a house, a mortgage, and a significant other who has their own career.)
Job mobility declines significantly with marriage, kids, and mortgage. I've toughed it out before, mostly to keep the good healthcare benefits. (This was prior to ACA eliminating the preexisting conditions BS. We didn't want the hassle, uncertainty of changing insurance during a pregnancy.)
Also, it's hard to job hunt when you're already over worked, both at home and the office.
Also, the devil you know. Every new job is a gamble. After a while, all the jobs kinda smell the same. So what's the point in playing frogger?
I wanted to check their respective median household incomes and am shocked to discover that they are about the same. NYC at $70k and Paris at $72k. I had no idea parisians were making yankee money.
Meh. That whole issue is way overblown by the twitter researcher types trying to build buzz and make a name. It's a serious issue don't get me wrong but security incidents are a question of when not if and the dialog surrounding the issue doesn't come across as charitably capturing the scope and impact. Microsoft's response, which has been to handle the issue responsibly is far from the "radio silence coverup" and "the attackers are still in the network" and "you can't trust anything Microsoft signs anymore" reality you'd be inclined to believe if you only read the hype angle and believe the alarmist comments from other "any chance to bash on M$ is a heyday" types.
I hadn't seen the article you linked though and will say it seems to be in good taste.
They are not… nice. I’ve never had to deal with them, but the way some of them treat people makes you wonder how little power it takes to turn some people into mini-dictators.
I’m not taking sides in this matter. We should all pay for the services we use, etc.
I have no doubt this is the case for some of these ticket controllers. The problem however was with the "Turkish and Arabic punks" part, not the "some ticket controllers are assholes and BVG collection practices are terrible".
I agree with you, but many (most?) of the controllers are indeed from that demographic. Of course the language wasn’t the best; unless you like punk >.<
Please don't pretend that North African and Middle Eastern criminal clans do not exist in Germany and in Berlin in particular. Yes they exist and they infiltrate and corrupt various institutions.
Back in early 2000s my wife and I were big into scuba diving and I wanted to be a dive master so I thought becoming an EMT-Basic would help. I signed up for a 4 month class and enjoyed it. Right after I finished I wasn't enjoying my job I had at the time. I called up a friend I met in EMT class to see how Paramedic class was going. He said it hadn't started yet and it starts in 2 weeks. I called the school and signed up. At the time of signing up I had no inclination to become a PM as a full time job. I had zero clue what I was going to do with it.
PM class was 13 months. Really, really enjoyed the ambulance clinicals. But to become a PM on an ambulance that responded to 911 calls required you to be a fire fighter. I had NO desire to go into a burning building. But...the last month of PM class the county fire depart was hiring PM-only with the stipulation that you become a fire fighter. I was over working in engineering jobs so I knew if I didn't do it right then I wouldn't do it so I applied. Oh, and in the middle of paramedic school my wife had our first child!
So February 6, 2006 (hence the name FM2606 for firemedic and 2/6/06) was my first day with the county FD. I became a fire fighter, which is a huge adrenaline rush but our department didn't fight many fires but a metric shit ton of 911 medical calls, the majority of which are pretty benign.
It didn't take long to see many FM get hurt mainly due to lifting patients (no powered stretchers at the time). I also have a chronic illness so with these 2 things in mind I figured if I got hurt or sick I needed something of a backup plan and engineering was not it so I started my Master's in CS online through DePaul University and finished in 2015.
I started working part time remote jobs, working a bunch of OT at the department and just enjoying the fact I had 2 jobs I really enjoyed. But then a switch flipped and the stupid bullshit medical calls weren't rolling off my back as easy. My colleagues in the department were irritating me, blah, blah blah. My mind set had changed and I just wanted to hang on until I was 55 y/o. I was around 48 / 49 when this happened.
Then Covid hit and due to my chronic illness I was taken out of the field and went "upstairs" to the office. Thinking I could use my computer programming skills I'd eventually pivot to something different in the FD. Well, long story short that didn't work out and I started applying left and right to remote jobs on Indeed. One job was really interested with a salary that was more than a district chief position in the department (2 promotions from a fire medic) so I took it and here I am. 2 1/2 years later. I still think FF/PM is the best job ever but it was time to go.
