Acquired! Day 2
Yesterday my company announced that it was being acquired by big, famous software company. I am not a senior executive, so I am worried about my job. Part of me thinks that being a subject matter expert will secure my future, but another part of me thinks the new owners will want to clean house. Here’s what happened today.
Day 2
8:20am I listen to a recording of yesterday’s investor conference call. I couldn’t dial in yesterday because I was busy working. I hear big shots from JP Morgan and the like speculating about my companies future. I am amazed that my new CEO knows so little about our product and our company. He is clearly reading from a script, and it sounds like a first year sales manager wrote it for him.
8:40am My boss calls me and tells me that he attended the 2:00am all-employee meeting. He says it was basically a repeat of the investor call, so I didn’t miss anything. He puts a very positive spin on the situation. He tells me again that we will get stock options. Of course, this is not guaranteed and it certainly isn’t in writing. I am skeptical. I believe they are making empty promises in hopes that we do not quit. If all of us experts were to quit today, they would be screwed. If we could organize, I bet we could all get raises - or at least get something. I suppose the prisoner’s dilema prevents us from doing anything like that, but I allowed my mind to entertain the thought for a brief moment.
11:00am One of our top sales reps calls me and tells me I need to contact one of our biggest customers to see how they feel about the acquisition. Of course, we do not actually care how they feel; we just want to see if they are still “positive” so that we can continue using them as a reference.
5:00pm I speak with my most senior peers. They have been with the company since before the boom. They are not worried about losing their jobs. They feel that the product experts are safe. They say it is the middle-managers who have something to worry about.
This is part of the Acquired! series.
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