corn18
Thinks s/he gets paid by the post
- Joined
- Aug 30, 2015
- Messages
- 1,994
I retired in 2021 @ age 55. I was a business development executive in a defense megacorp. I had no intention of doing anything in that area and stuck to that for the last 4 years. I have done nothing, although I have maintained my network with just my friends. Got a call two days ago from a long time friend and mentor of mine. He is a principal in a PE firm and their current target is in my field of expertise and I can help them. A LOT. This isn't my first opportunity that has come up, but I have turned everything else down. This one intrigues me and I want to participate. Money isn't the primary objective, I want to help change the world.
My friend asked me what my expectations are for compensation. I said I don't have a clue, but I know you will take care of me. Being a sales guy at heart, I want to structure the pay so I get nothing except actual expenses and when I win, they pay me a boatload of money. My wife told me to get paid as I go and ALSO get a a boatload of money when I win. She is always bringing good sense and logic into arguments. Very frustrating.
My total comp when I retired was $750k/year. If I actually pull off what they want me to do (and I will), the principals in the PE firm will make millions, each. I'm thinking $500/hr (below market for someone like me) plus expenses and then some amount when they have an equity event.
Appreciate your thoughts.
My friend asked me what my expectations are for compensation. I said I don't have a clue, but I know you will take care of me. Being a sales guy at heart, I want to structure the pay so I get nothing except actual expenses and when I win, they pay me a boatload of money. My wife told me to get paid as I go and ALSO get a a boatload of money when I win. She is always bringing good sense and logic into arguments. Very frustrating.
My total comp when I retired was $750k/year. If I actually pull off what they want me to do (and I will), the principals in the PE firm will make millions, each. I'm thinking $500/hr (below market for someone like me) plus expenses and then some amount when they have an equity event.
Appreciate your thoughts.
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