Comment by siskiyou

20 hours ago

I worked for Advanced Network and Services, which operated the NSFNET and was later acquired by America Online. Then one day the company was acquired by WorldCom. A few years later the CEO was sentenced to 25 years in prison for a ~$10 billion fraud. As a systems administrator I knew nothing about any of that, but I could tell that the new management included a lot of players and empire builders. That's the signal that told me to quit a few months after the acquisition. Employees were invited to invest their retirement savings in a mutual fund that contained only WorldCom stock. Many of them lost everything. Pay attention to those signals.

> Employees were invited to invest their retirement savings in a mutual fund that contained only WorldCom stock.

Investing in your own employer is an idiotic risk..... If the company goes titsup, then you lose your job and your savings. This happened to many people during the dotcom crash.

  • For decades after my WorldCom experience, I cashed out all equity grants immediately and invested the money elsewhere. Even if the company appears solid and is not run by criminals, it's still sound risk management. Bad things can happen to good companies as well.

One more example to know if Company is about to go under is when the finance folks who have access to accounting books are leaving the company.