Re: Moog Music sold
Posted: Mon Jun 15, 2015 9:31 pm
It's a pretty cool thing, to be sure... but it's not quite the thing that people perceive it to be.
It essentially means that if you work at Moog Music for a period of years, you are eligible to enter the "employee ownership" and become "vested." The longer you work there, the more of a payout you'll get when you stop working there or retire.
But it essentially means that Moog Music will be your career for your life. And while I know that sounds attractive to many, you have to weigh the amount you'd make working there plus payout against working somewhere where you'd likely make a lot more in wages. And I don't mean that to sound cynical, but realistic. No one's getting anything for free in this deal... you're investing in the company by working there for a very long time, and then getting a return on your investment. It's essentially a pension plan.
You might notice that the employees own less than 50%. That means they don't actually own the company, and they will not participate in its governance (according to my understanding).
It essentially means that if you work at Moog Music for a period of years, you are eligible to enter the "employee ownership" and become "vested." The longer you work there, the more of a payout you'll get when you stop working there or retire.
But it essentially means that Moog Music will be your career for your life. And while I know that sounds attractive to many, you have to weigh the amount you'd make working there plus payout against working somewhere where you'd likely make a lot more in wages. And I don't mean that to sound cynical, but realistic. No one's getting anything for free in this deal... you're investing in the company by working there for a very long time, and then getting a return on your investment. It's essentially a pension plan.
You might notice that the employees own less than 50%. That means they don't actually own the company, and they will not participate in its governance (according to my understanding).