Nate didn't know at this time that Myles had already made other plans.
Although he was reluctant to give up the 200Thousandshares of options He could only grit his teeth and agree when he thought that the Butwell family A behemoth was standing behind Myles.
He said, "Alright! 200Thousandshares is 200Thousandshares!"
"200Thousandshares of options, and 12 million USD per year is relatively safe."
"As our business not only improves, "
"The annual dividend amount will definitely increase further."
"Myles, your future at Ellis Law Firm is limitless!"
Although Nate made this decision with the belief of a hero cutting off his arm Myles frowned again at this time.
Because after a simple calculation Myles came to the conclusion that he now needs more cash than options.
Options are more like a bet Betting on whether the company's future development will be vigorous.
If the company develops rapidly Options worthmillion today may be worth10sof millions or even more next year butif the company starts to go downhill The options worthmillion today may only be exercised at a price ofhundred thousand or even lower next year.
The board members present all felt that the future development of Ellis Law Firm would be rapid Not only because they had the best team and the greatest reputation in the U.S butalso becauseof their biggest competitors
Nicholas Law Firm, had already shifted its focus to Springs.
Although they did not give up their business in the U.S Their main focus had shifted, and the total amount of their business in the U.S had naturally declined to a certain extent.
These were all growth points for Ellis Law Firm.
butMyles knew very well that when he left here with10backbones Ellis Law Firm would inevitably enter a period of rapid decline.
In this case, what options would he need?
Of course, cash was the safest choice.
sohe said, "I am a short-sighted person."
"When my eldest brother and my eldest sister-in-law founded Nicholas Law Firm."
"They offered to give me 30Percent of the shares so that I could join and start a business with them."
"I felt that the failure rate of starting a business was high and it was not as safe as getting paid monthly for a job."
"soI did not agree."
"Now that you are giving me options."
"I still feel that it is not as safe as cash."
After that, he said, "How about this, we still sign a ten-year agreement."
"butI don't want any options, and I will return all the options I was given before."
"Didn't Nate just say that these 200Thousandoptions can be distributed to at least 12 million a year."
"andwill be distributed more and more in the future?"
"How about this, I will return these 200Thousandoptions to you."
"andin the nextone0years, you only need to discount to me 10 million USD every year."
"Even if the company's performance gets better and better in the future."
"andthe 200Thousandoptions can be distributed to 20 million or even more every year."
"I will not regret it and come to you to change the agreement."
"In the nextone0years, I only want cash."
When Nate heard this, his expression was a little surprised at 1st, but soon returned to normal.
He knew Myles's character. To put it nicely, he was cautious, and to put it bluntly, he was stingy.
In Springsen mythology, can find a prototype that is almost identical to him, that is Pixiu.
In other words, this person always has money in his pocket and never out.
Although he was already a senior partner in the law firm, he was always unwilling to spend money to subscribe to evenoption.
Generally speaking, in addition to board incentives Partners can also obtain options through board sales.
Most of the time, they give a part and then sell a part, which can also allow partners to participate with money.
Once they really pay, they will truly regard themselves As part of the law firm and work harder.
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