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As of yesterday at 5 pm eastern company I officially work for CIMA Labs, a subsidiary of Cephalon, Inc. The acquisition by Cephalon that has been in the works for over a year is finally done. My stock options vested last week, and they will all be paid out sometime in the next 2 weeks. To celebrate, I ordered an iPod, since I'd been contemplating getting one almost as long as it's taken for this acquisition to go through.
The big pro in this is the money. The cons: what is probably a somewhat less secure job, a stressful transition period, and a whole mess of office politics. I'm probably making it sound more dire than it actually is. For the time being, nothing will change. But at this point, we're pretty much in the dark about how much will change once the transition commences in earnest.
The money will not make me rich. But, it will be the biggest lump sum check I will have ever received. I might allow myself one more fun purchase before I put it into the bank to serve as a cushion for when I need it more, or a down payment on a house if it turns out in a few years that the cushion really was just precautionary. I've thought about taking about 5-10% of it, and trying to invest it in other ways. Those of you with more investment experience are welcome to recommend good books for those without it. Also, if you have any idea whether this is likely to make the month of April be brought to me by the letters A, M and T, let me know what I can do to avoid it. I'm thinking about doing a consultation with an accountant once I've got the check.
The big pro in this is the money. The cons: what is probably a somewhat less secure job, a stressful transition period, and a whole mess of office politics. I'm probably making it sound more dire than it actually is. For the time being, nothing will change. But at this point, we're pretty much in the dark about how much will change once the transition commences in earnest.
The money will not make me rich. But, it will be the biggest lump sum check I will have ever received. I might allow myself one more fun purchase before I put it into the bank to serve as a cushion for when I need it more, or a down payment on a house if it turns out in a few years that the cushion really was just precautionary. I've thought about taking about 5-10% of it, and trying to invest it in other ways. Those of you with more investment experience are welcome to recommend good books for those without it. Also, if you have any idea whether this is likely to make the month of April be brought to me by the letters A, M and T, let me know what I can do to avoid it. I'm thinking about doing a consultation with an accountant once I've got the check.
