The Amazing son in law Chapter 6842

At this moment, Knight was unaware that Jimmy had already devised alternative plans.

Despite his hesitance to part with the 200,000 shares of options, Knight ultimately decided to relent, especially considering the powerful Rothschild family backing Jimmy. He declared, “Alright! 200,000 shares is 200,000 shares! With 200,000 options and an annual income of 12 million US dollars, we’re on relatively solid ground. As our business continues to flourish, the annual dividends will surely increase even more. Jimmy, your potential at Ellis Law Firm knows no bounds!”

Although Knight made this decision with the resolve of a hero making a significant sacrifice, Jimmy’s expression darkened once again.

This was because, after a quick calculation, Jimmy realized he needed cash more than he needed options.

Options felt more like a gamble, relying on the assumption that the company would thrive in the future.

If the company experiences rapid growth, options valued at one million today could soar to tens of millions or more within a year. However, if the company falters, those same options might only be redeemable for a mere fraction of their value—perhaps just one hundred thousand or even less—by the following year.

All members of the board believed that Ellis Law Firm’s future was bright, not only because they boasted an exceptional team and stellar reputation across the United States, but also because one of their main competitors, Smith Law Firm, had shifted its focus to China. While they hadn’t abandoned their U.S. operations entirely, their overall business in the States had naturally declined, creating ample opportunities for Ellis Law Firm.

However, Jimmy was acutely aware that once he departed with his ten key colleagues, Ellis Law Firm would likely face a period of swift decline. In such a scenario, what value would options hold for him? Clearly, cash was the safest choice.

Thus, he stated, “I tend to be short-sighted. When my older brother and his wife launched Smith Law Firm, they offered me 30% of the shares to join them. I declined, believing that the risk of starting a business was too high and that a steady paycheck from employment was a safer bet. Now, as you offer me options, I still feel that cash is a more secure option.”

He continued, “Let’s do this: we can still sign a ten-year agreement, but I don’t want any options, and I will return all previously granted options. Knight just mentioned that these 200,000 options could yield at least 12 million annually, potentially increasing over time. Instead, I will return these 200,000 options, and for the next decade, you only need to provide me with 10 million US dollars each year. Even if the company’s performance improves and the options could yield 20 million or more annually, I won’t come back seeking to renegotiate. For the next ten years, I simply want cash.”