I recently left GF after 2 decades including its previous entity. I usually just read the postings but I just wanted to express my feeling anonymously over the recent IPO event.
I knew the senior management had no plan to offer the shares with their employees judging from the multiple all hands with CEO, where CEO deliberately avoid answering the questions about IPO until people get to know and stopped asking the questions.
I was thinking that I didn't get hurt with that as I had very low expectation but when it actually happened and saw all the "celebrations" in linkedin mentioning it's great achievement of the great team, I felt agony and rage.
So, they decided to NOT reward their employees who worked there for 10 years and 20 years, yet they reward level 10 and above regardless of the service length.
They gave the notice of IPO stock purchase at the open price just couple weeks ago, I guess lots of people missed the opportunity as they do not have 10K in their bank account. So, guess the left over shares would also flow to the senior management's pocket.
They offer 50 shares to the employees IF ONLY they participate ESPP. What if one is not paid enough to save for ESPP? Why they're putting the condition to offering shares?
I don't understand what is the logic or morale behind these decisions and I guess I would never know except the greed of the senior management.
I am so so glad that I could escape GF before the IPO as I would've found psychiatrics or therapist for my mental health if I was in GF. I even feel some pain and anger for this events even after I left, as I was and am still a bit attached to the GF emotionally after 2 decades of service.
Well, GFS price is going up, so happy for my fellow ex-colleagues, please sell before senior management lockup is released early next year.