The Amazing son in law Chapter 6841
To put it simply, if he aims to increase his earnings over the next decade, he needs to maximize Ellis’ salary base— the bigger, the better.
This is why he openly mentioned his intention to continue working for Ellis for ten years. Regardless of his situation, he is bound to go to China for a decade. Legally, he was dispatched by Ellis, and his salary comes from Ellis as well, which confirms that he will maintain an employment relationship with Ellis for the next ten years. Therefore, he sees this as a chance to leverage the situation for a better deal.
During his trip to China, he recognized that society operates like a vast food chain. Even someone as prominent as Steve Rothschild is seen as prey by Charlie Wade, let alone someone of his lower status.
As a result, Charlie Wade views himself as part of this food chain, while he sees Knight Ellis in the same light.
Knight listened to Jimmy’s remarks and felt a swirl of emotions.
The silver lining is that retaining Jimmy shouldn’t be an issue. After all, Jimmy is open to signing a ten-year contract with the company, which means he won’t be crossing Steve Rothschild.
However, Knight was concerned that Jimmy might not be satisfied with the annual dividends of five or six million yuan, indicating that he would need to provide more financial incentives.
After pondering for a moment, Knight proposed, “Jimmy, how about this: if you agree to a ten-year contract with the group, I can increase your options to 150,000 shares.”
Jimmy quickly responded, “If we’re talking about doubling from five to ten years, then you need to at least provide me with 200,000 options and double the base salary. If you can agree to that, I’m ready to sign the contract right here. If not, then we can end the discussion, and I’ll resign!”
Knight felt a wave of frustration upon hearing this.
Doubling the options would mean providing Jimmy with at least 10 million US dollars each year. If the base salary also doubled, that would require an additional 2 million. This would lead to a total annual compensation for Jimmy exceeding 20 million!
Meanwhile, Jimmy was also calculating his future earnings in his mind. He thought, “If we base it on an annual dividend of 200 million US dollars, those 200,000 stock options should yield around 12 million, and with the base salary doubled to 4 million US dollars, plus my previous option dividends as a senior partner, I’d be left with approximately 18 million US dollars after performance commissions.”
“Of that 18 million, Charlie Wade would take 70%, leaving me with 30%, which still amounts to over 5 million US dollars—more than enough for my family’s daily needs.”
However, this realization struck him: “Wait! If I take ten senior partners away from Ellis, the core strength of Ellis would be severely weakened. It’s uncertain whether the company could even make a profit next year. Where would the funds for dividends come from? In that case, I would only receive a base salary of 4 million dollars, translating to just 1.2 million dollars a year for myself!”