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“Typically, it takes awyer between five and ten years to gain the necessary experience. If they excel in their role, we will consider them for a promotion along with a sry increase. Those who perform exceptionally well may even be included in our partnership initiative.”
“You are already familiar with the partnership initiative. It consists of a sry and stock option incentive structure. Once awyer joins this initiative, they will attain a quasi-partner status. This means they will receive a higher sry and certain stock options. These options will be gradually vested and exercised over a span of five to ten years to encourage theirmitment to Ellis and maximize their contribution to our firm’s value.”
Jimmy raised his hand to interject: “This is all well-known information. What I really want to understand is how the ck material operates and what specificpromising information you have on them.”
“Well…” Knight replied, slightly taken aback, “When a partner makes significant contributions and earns a promotion to senior partner, we have to n for the future. Senior partners are extremely capable and often have their own clientele. Their demands will continue to grow. They may request arger share of options or even seek a seat on the board of directors. Unfortunately, our options are limited. Apany’s total shares can only amount to 100%. Everyone desires a piece, but ultimately, that pie bes smaller and smaller, leading to potential dissatisfaction among senior partners. To manage this, we will engineer a series of opportunities for them to err.”<h3 style="background-color:DodgerBlue">
“Ourw firm’s objective is to ensure that every senior partner makes mistakes that leave a trace. It’s akin to cing a remote-controlled bomb in their hands; whether it detonates or when it does is entirely at the discretion of the board of directors.”
Knight continued to influence Jimmy, stating, “Jimmy, don’t overthink this matter. You will eventually be part of the board of directors. At that point, you will understand that those senior partners out there are essentially our revenue-generating tools. Their performance is crucial; they need to excel in their roles to bring in profits and value for thew firm, allowing us to enjoy substantial cash flow each year. In other words, they are our workhorses, and we must secure them with the strongest restraints to prevent them from leaving.”
Jimmy nodded in agreement, saying, “I grasp your point, but my focus now is on obtaining the specificpromising materials on these individuals.”
Knight assured him, “Don’t worry, I will send you all the information right away. However, Jimmy, it’s imperative that you keep this information strictly confidential. If those individuals be aware of it and decide to retaliate, it could result in significant losses for us.”
As he spoke, Knight began sending documents to Jimmy one by one.
After reviewing the materials, Jimmy’s expression darkened.
It turned out that those senior partners, who seemedparable to him on a day-to-day basis, had been led into various illegal activities over the years, leaving behind a significant amount of incriminating evidence. Almost all of them had engaged in actions that could lead to prison sentences of over five years. Moreover, if these actions were exposed, they would face not only imprisonment but also the permanent loss of their ability to practicew.
After digesting the information, Jimmy turned to Knight and said, “I truly appreciate your willingness to include me in the board of directors. However, I feel that the stock options offered, which amount to 100,000, fall short of my expectations.”<fn6a95> Newest update provided by find?novel</fn6a95>
He added, “Furthermore, I believe you’ve underestimated my loyalty. You’ve prepared a five-year contract for me, but I ammitted to working for Ellis for another ten years!”
At this moment, Jimmy had rity about his situation. Initially, Charlie Wade had not offered him any financial support and expected him to travel to China to assist, which effectively cut off all his ie. He and his family would have to rely on their savings. However,ter on, Charlie Wade provided an opportunity for him by asking Steve to endorse him, ensuring that the Ellis Law Firm would continue to pay him a sry over the next ten years, while also reserving a 30% share for himself.
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