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When We Were Wizards: Review of the Completed Podcast!
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<blockquote data-quote="piper909" data-source="post: 9658355" data-attributes="member: 7052169"><p>TSR offered employees a chance to buy shares of stock during my time there (1980-81) but it was incredibly expensive to us in the design (Product development) wing. We are being paid by the hour, something like three or four bucks (if that) and the stock was priced something like $600/share. I didn't have that kind of spare cash on hand. I was also concerned that we wouldn't be able to sell it back to the company as promised and get that money back, at least. A couple of my compatriots did buy a few shares and when they were cashiered in 1981, they <em>were</em> able to sell them back to TSR at got their money back, maybe a little bit more if the value had increased? Hard to recall; these shares weren't being sold on an open market so the company had total control over the price and whatever value was being added. But it worked out for those guys and they were able to use that dough to return to California and have a little cash in their pockets to get resettled. Folks like LJS and Zeb may also have gotten some stock in those days? Lawrence was paid better than the rest of the Product development staff but he was still the lowest-paid senior management head in the company.</p></blockquote><p></p>
[QUOTE="piper909, post: 9658355, member: 7052169"] TSR offered employees a chance to buy shares of stock during my time there (1980-81) but it was incredibly expensive to us in the design (Product development) wing. We are being paid by the hour, something like three or four bucks (if that) and the stock was priced something like $600/share. I didn't have that kind of spare cash on hand. I was also concerned that we wouldn't be able to sell it back to the company as promised and get that money back, at least. A couple of my compatriots did buy a few shares and when they were cashiered in 1981, they [I]were[/I] able to sell them back to TSR at got their money back, maybe a little bit more if the value had increased? Hard to recall; these shares weren't being sold on an open market so the company had total control over the price and whatever value was being added. But it worked out for those guys and they were able to use that dough to return to California and have a little cash in their pockets to get resettled. Folks like LJS and Zeb may also have gotten some stock in those days? Lawrence was paid better than the rest of the Product development staff but he was still the lowest-paid senior management head in the company. [/QUOTE]
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