Huge Promotion

Rush Limbaugh
Rush Limbaugh Posts: 125
edited February 2024 in Clubhouse Archives
I'm getting gifted transfer of 'stock' of up $10,000\ 2 years max (not including salary increases, ect...which edge the % value greatly) up to aprox. $1,000,000+/- with assets, ect depending on appreciation or depreciation of company value with a 24.5% share of the company when it's all said and done. Anything above 24.5% will be purchased by me and I will have a split ownership control totally at 25.5% + with payments going back to the holder of the lesser ammount (49%) in the form of a gradual buyoff.

It's all very exciting/new/scary. Won't mean too much for a few years really. I know what I posted doesn't make a ton of sense the way it's written. It's all very foriegn to me, but yeah...It's good news.

This doesn't mean i'm a millionaire or something it just means i'm on my way to becoming an executive of my current company as the boss starts moving towards retirement.

:D:D:D:D
Post edited by RyanC_Masimo on
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Comments

  • Frank Z
    Frank Z Posts: 5,860
    edited February 2004
    Good news indeed! Congratulations!
    9/11 - WE WILL NEVER FORGET!! (<---<<click)
    2005-06 Club Polk Football Pool Champion!! :D
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  • amulford
    amulford Posts: 5,020
    edited February 2004
    No ****!!! Very Most Excellent. I'm sure it's well deserved. It goes to show you your tireless efforts have not gone unnoticed, the old man wants to give the the REINS, man!! BTW >>> WTF do you do???

    Hey a new thread!!!
    :D
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  • dorokusai
    dorokusai Posts: 25,577
    edited February 2004
    Congratulations :D
    CTC BBQ Amplifier, Sonic Frontiers Line3 Pre-Amplifier and Wadia 581 SACD player. Speakers? Always changing but for now, Mission Argonauts I picked up for $50 bucks, mint.
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  • warviper
    warviper Posts: 585
    edited February 2004
    Yea new speakers for every one, wait your not a millionaire yet.:(
    Congrats best wishes and when you do become a millionaire a pair of the 1.2's woould be nice.:p
    Wish I was a polkologist then I could call my self Dr.warviper.
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  • HBombToo
    HBombToo Posts: 5,256
    edited February 2004
    Just don't get trapped by the gotta see where the stocks are now bug... just forget about them and some day you will be pleasantly surpised.

    for me the options game is very distracting so I just don't even think about it.

    Congrats
    HBomb
    ***WAREMTAE***
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  • PolkThug
    PolkThug Posts: 7,532
    edited February 2004
    Originally posted by HBombToo
    Just don't get trapped by the gotta see where the stocks are now bug... just forget about them and some day you will be pleasantly surpised.

    lol. I know how that goes. I put 10% of every paycheck for 2 years into a stock option plan, and watched the quotes every day like a hawk. And the only price that really mattered was the price on the day I sold it all.

    The pleasant suprise? A brand new Bimmer at age 25. Stock didn't pay for the whole thing, but it did pay for the down payment and all taxes and tags.

    Congrats,
    PolkThug
    Never Forget
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