Little did Knight know at this time that Jimmy already had other plans.
Although he was reluctant to give up the option of 200,000 shares, but when he thought about the behemoth Rothschild family standing behind Jimmy, he could only grit his teeth and agree, saying: “Okay! 200,000 shares is 200,000 shares.” ! For two hundred thousand stock options, it is relatively safe to receive US$12 million per year. As our business not only improves, the annual dividend amount will definitely increase further. Jimmy, you are at Ellis Law Firm. The future is limitless!”
Although Knight made this decision with the conviction of a strong man cutting off his wrist, Jimmy frowned again at this time.
Because after a simple calculation, Jimmy came to the conclusion that he now needs cash rather than options.
Options are more like a bet on whether the company will develop rapidly in the future.
If the company develops rapidly, an option worth one million today may be worth tens of millions or more next year.
However, if the company starts to decline, an option worth one million today may only be worth 100,000 or even more next year.
Exercise at a lower price.
All the board members sitting here felt that Ellis Law Firm would develop by leaps and bounds in the future, not only because they have the best team and the greatest reputation in the United States, but also because one of their biggest competitors, Smith The law firm has moved its focus to China.
Although they have not given up their business in the United States, because their main focus has been transferred, the total volume of business in the United States has naturally declined to a certain extent.
These are all Ellis Law Firms growth point.
But Jimmy knew very well that when he left here with ten key members, Ellis Law Firm would inevitably enter a period of rapid decline.
In this case, what options were needed? Of course cash is the safest option.
So he said: “I am relatively short-sighted. When my eldest brother and my sister-in-law founded Smith Law Firm, they offered me 30% of the shares to join and start a business with them. I think the failure rate of starting a business is “Gao, I don’t have a job where I can get paid monthly, so I didn’t agree. Now that you’re giving me options, I still think it’s safer than cash.”
After that, he added: “Let’s do this. We will still sign an agreement for ten years, but I don’t want one share of the options. I will also return all the options that were given to me before. Didn’t Knight just say that these two hundred thousand options are for one year?” Can you divide at least 12 million, and will you divide more and more in the future? Okay, I will return the 200,000 options to you. In the next ten years, you only need to give me 10 million in cash every year. US dollars, even if the company’s performance gets better and better in the future, and the 200,000 options can be divided into 20 million or more every year, I will not regret coming to you to change the agreement. In the next ten years, I only want cash. ”
When Knight heard this, his expression was a little surprised at first, but soon returned to normal.
He knew Jimmy’s character, which was cautious at best and reckless at worst.
In Chinese mythology, you can find an almost identical prototype, that is, Pixiu.
In other words, when it comes to money, this person can never get in or out.
Although he was already a senior partner of the law firm before, he was still unwilling to spend money to subscribe for even one option.