They say they aren't giving anymore rsu's to perimeters...have they mentioned if they are giving annual increases?
They are really trying to motivate folks with big thank you's but no $. No wonder folks seemed to so tuned out nowadays.
They also pushed out the next big announcement a week...was supposed to be July 30th...now in August...
Where's the nomad nowadays? How's that working out?
Why do they care? schadenfreude. They're ugly people who find joy in the pain of others. Petty little nasty people w black hearts and empty souls. shame.
You know what soon to be EQT and Zayo folks? Do your best, treat everyone with common decency, stay out of drama, drop the crown baggage and you will be fine. You're on a bit of a roller coaster now but it will work out. Whether or not you're in a job a year after the sale or not, mgrs. will likely not be, you need a reference and experience. Keep on trucking. Don't let the fools on this site, inexplicably predicting your downfall, get in your head. What do they know and why should they care? Ignore the crown drama. You'll be better for it.
@1h9 both companies are going to layoff so many people. You are safe for about 3 months till they figure you don’t do anything and they let everyone go.
LOL. Those expecting anything from ZAYO after the transition is complete are living in a fantasy world. Layoffs are part of who they are. Crown is bloated in that 3 or 4 people do the work of ONE ZAYO employee. ZAYO uses an outsourcing model. WHY would ZAYO offer any package to anyone?
Tell me you don’t know what RSU’s are without telling me you don’t know what RSU’s are. Lmao
Your shares vest 100% at close you are not waiting 3 years.. EQT Small Cell Co & Zayo will and are private companies so their compensation package will defer.. Hopefully those who move over get some form of equity as a long term incentive.
It’s retention bc they could say you shares will vest the same. So you go to the new company and have to wait 3 years for them all to vest. I am looking forward to be free to them. You know with the new company you have at least 6 months of job security. First bc they need you and second they probably don’t have the hr resources to fire you that quick.
Clearly a lot of people on here don’t understand what RSUs are for LOL
Depending on the terms of the deal, the acquiring company can transfer the RSUs to stock units in the new company, accelerate vesting (like cc is doing), or cancel/forfeit them. So no, they don’t have to, but the last option is very rare and wouldn’t match the RIF plan. It’s very unlikely to do the last thing because it would be more lucrative for people to get laid off than transferred..that would look really bad on CC and the market would take notice.
Just give me the RIF deal..I’d get paid out a lot longer, and all RSUs would vest. And I’d be off and have the time to job hunt. Especially in this market. I know people that are highly skilled and great at interviewing that have been searching for 2 years and nothing.
@fm you are right, honestly they don't have to give us sh-t. It is why I have a couple of handful of interviews while the market is still good. It may be a nice lump sum of money but it isn't long term stability, and given what I know and the continued dependency on me to answer SME questions, the faster I am looking to get away and leave Crown holding the bag. Even given the amount of RSUs I have, it is definitely not incentive to stay given the state Crown has put its employees in and the See You Next Thursday's that I found out are in charge of coming up with the perimeter. I think that is the gist of what @dx is saying. We already earned that but it isn't so much, especially given Crown's stock price, to make the juice worth the squeeze. If they were back up to $200 a share from a few years ago, then it might be.
To be clear they don't have to give you the 2/3rds or the 1/3rd of your RSUs or your bonus denpending on when the deal actually closes. So yes it is incentive to stay.
You're looking at this the wrong way. It's not about why Crown wouldn't give RSUs to employees transitioning to EQT or Zayo; it's about what a "retention incentive" actually means.
Calling the remaining 2/3 of already earned RSUs a "retention incentive" is misleading. These employees performed work this year with the expectation of receiving a certain amount of their compensation in RSUs. Now, instead of getting those RSUs as planned, the company is simply changing the label on money they've already earned.
A true retention incentive would be new, additional compensation offered specifically to encourage employees to stay through the sale. What Crown is doing is just fulfilling a prior compensation promise, albeit under a new, deceptive name for part of it. The 100% vesting at close is a baseline expectation, not a generous incentive, especially when it's for compensation already earned.
RSUs are a long term incentive. Why would Crown give them to an employee who is going to transition to EQT or Zayo ? The fact the RSUs you do have will vest at 100% at close is a pretty good incentive to stay