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Hi, I received offer letter from jpmc and accepted it. Today, HR told me that my offer was not processed since i had attended an interview and got offer from Mphasis for a JPMC client one year ago( which i declined later) . Could you please let me know, will it affect my current offer from JPMorgan Chase
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Rejected from HBS 😢😔
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So who else is at Hilton Orlando this week?
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Since ACN is public they have an employee stock purchase program where employees get a 15% discount on market price.
I transfer my shares to my personal broker, so $7 commission to sell.
ESPP was a nice benefit (ACN). Doubt there's anything similar at all levels for the B4
No restriction on selling ACN shares.
Public companies put the street first. If they have a stellar quarter, they'll hide the money so that at EoY it's all smooth growth, as forecasted. If private companies have a great quarter, they'll do whatever the hell they want with the money. I've been at both, and I prefer private (despite trying to come up with a nice public story above).
Unless you are a potential equity holder (i.e. a Partner), there's not much difference. Bonuses for staff are subject to labor market supply/demand. A partnership won't necessarily give money to staff outside of an economic incentive to do so any more than a public company.
I think the biggest difference is the retirement scheme for big 4 partners. Downside is you are pretty much stuck there.
Lots more flexibility being an MD or director, but also very easy to get fired if you don't hit your numbers + no pension.
Assuming you make at least 150k then ESPP is a nice deal. You put away 15k per year. You are limited to the lesser of 10% of your salary or 15k (7500 per half year) if you sell on the day your stock grants hit then you make $2,250 with no risk. The stocks are purchased twice yearly but the money is withdrawn from each check. It is a bit of a bummer to have 10% per paycheck but the ROI is worth it.
Public companies ALWAYS put the shareholders/investors first. If there is money left over, then (and it's a maybe) management will share with the employees (aka pay bonuses).
How long are you required to hold the stock for? 6 months? And what's the brokerage costs to buy/sell?
Sorry OY1, but bonuses for staff level are not just subjects to labor supply/demand. Having come from a smaller and publicly traded consulting firm, I have first hand experience.
D1 - please explain.
M1 is the limit 10% or 10k whichever is lower?
You are limited to 15k per year. I know because I max out at 7500 each half year
Thx
ACN is different because of its scale and the long-term nature of its projects. FTI and Huron are probably better examples of what public firms have to deal with. Generally, the focus on immediate results takes away the ability to let other areas of the business mature/evolve. People or groups are more likely to be terminated much more quickly than a private company would do. The B4 can choose to invest what they want and how they want to do it. They don't need the same level of return. Partners, not shareholders, have to be kept happy.