How was your experience working with an employee owned engineering firm? I hear that you get handcuffed with equity until you retire? is that true?

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I work for an employee owned firm. They definitely place timelines on when you get vested and when you have to pay back certain bonuses. And then by that time you’re a shareholder and the money is too good to leave

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Is it true that because people cannot leave due to these golden handcuffs, the natural career progression at the company stalls except for a select few?
I ask because I'm currently with a publicly funded consulting firm but have received an offer from an employee-owned firm. While the base offer seems mediocre, the addition of "bonuses" and "shares" makes it incredibly compelling.

Not sure I understand what you mean, can you clarify what an employee owned engineering firm is?

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