Box is a firm offering online file sharing. Jeff Sutton is in charge of its IT group. Its employees increased from 50 to 1,000 within 4 years.

Jeff Sutton once worked for IBM. His annual salary was $95,000. He was supposed to earn more with his 10 years’ working experience in system management. He quit as he took the share option, amounting to 21,000 shares.

Box became a listed company in the early of 2015. Sutton’s option seemed brightness. Its share price increased by 66% in the first day in the New York Stock Exchange. It increased from $14 to $23.33.

According to the employees lock-up agreement, Sutton could not sell his shares within 180 days. The stock value decreased by 20% in comparison to its ceiling price. Its current share price is $13 which is under the issue price.

Sutton said:” I assumed the share will be more valuable. Obviously, its development doesn’t seem as positive as I thought.”
He might earn $350,000 before taxes. However, this was not the unexperted fortune he wished to change his life. He spent four years in Box that he supposed to be in Silicon Valley.

Square became a listed comapny in November. Its share was at $9. A former Sqaure exployee said the internal share price was $16 when she got the stock option. Her supervisor told her each share would be increased to $50 when it came to season. In fact, the Sqaure share valued at $12 on December 16.

Sutton left Box and worked for BrightRoll. He became a manager for Instacart when BrightRoll was acquired by Yaoo.