The Human Landmild
After a slience of 7 days. S. called to arrange a short session on Friday noon. he said the offering is completed and they are ready to talk to me. well, it's like the first Response for so many months, I am a little bit excited.On Friday noon, met with director of the board and a new comer - Stantly, who response for handling all the liability and debt from Helix, until the end of the conversation, I didn't really " See " the employment contract. I subtly asked, they did in vobuarly, I win a lunch when obtin the answer, 150,000 NT for monthly salary and the stock option of 5 % when the so called : New Business generate profit. I am OK with the arrangement, but a slight uncomfortable when overheard the debt recollication plan, the strategy they hold is to postpone the debe payback and extend to a 7 years loan, by convince Bank that there a New Executive and New business for turn around. up unitl the moment, I am OK still.
But it getting worst when the legal manager called by 7 pm and asked me to Sign Off the employment contract and to prepare a New Business Proposal by Monday to convince the Banks--- this is not what I know in the first place, I hesitate to anwer his request and set an appointment with Ray of Sat. morning. there is a bad feeling growing, the more I think, the more I aware that I will be used as a " Figure Head " to solve the debt issue coming to their face. they pay a very low price - probably less then the interest they willing to pay to the bank, and bail themslef out of the unlist scenario. I don't have a histsory with these guys. if anyone have to sacrifice for saving the company, why me? the lowest possible innocienct person.
I asked Ray to fax me the contract and take a few minutes to review it. this is a very rough and simply contract, from a listing company, I don't see a quality of it. it stated all the responibility and incentive - well reasonable, but I am doubt about the liability I am going to swallow:
1. the singing party, between me and current president of Helix, as I am introduct by S. to Mr. Chen, a Mr. Chen's co-sign is a must.
2. as I am responsible for developing New Biz. all the existing bis's profit and lost have nothing to do with me, and all the liability / debt should have nothing to do with me also, this have to be written on the contract.
3. the payback debt plan have to be done within a certain period of time ( say 6 months ) if the house keeping didn't go as plan, then the new GM will deal with Bank all the time. there's no point to do this.
4. Dumpint my resource to the new biz to help solve the debt of the company sound strange to me, if I launch any new business on my own, with my resource, I will have no bad credit or repution, this is so wierd.
Ray called to set up meeting at the office at Wuku late last night, I was taking a nap and say OK, but the more I think, the danger I am, so I return with a no in 20 minutes and asked the amendance of the contact must done with the witness of S.
I will call it an end and rescure myself out of this pit, a very terrible experience.
It answers my question before. Why me?
posted by Roger @ 10/28/2006 09:40:00 上午
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