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Multiple contracts have been signed and the one that brought the public company in as a minor partner stated there no further agreements between the parties, even though there were agreements internally in regard to future earnings, etc. Basically, a few people got golden parachutes, it seems. However, we all had the same level stock. We are now being asked to sign off on the top guy's retirement package and it looks like when he is gone, all bets will be off. What choices do I have now? When we started this 15 years ago (we now have annual sales over 50 million) we were told we could retire in 5 years with a million dollars. I am wondering if the stock I currently have will be worth anything. Please guide me!
Started with the company as an original stockholder. Believe that the corporate officers have negotiated golden parachutes for themselves and we few others are going to be left as employees for someone else. They now have multiple homes, millions, etc. Ours has yet to emerge and the retirement has just been announced. The public company installed a "vp"into ours a year ago. We distribute their product.
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