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Hi, need to submit a 750 words essay on the topic Nano.Tompkins has been titled the CEO because his background closely fits the position. He is likely to be doing more work than the other founders. Si
Hi, need to submit a 750 words essay on the topic Nano.
Tompkins has been titled the CEO because his background closely fits the position. He is likely to be doing more work than the other founders. Since he is doing more work he deserves a different salary and equity level. The other founders are fair with the equity but not fair about the salary that Tompkins receives. The decisions made regarding split equity and compensation is unfair and leaves no room to share equity amongst other employees. Without being able to share equity amongst other employees, the new employees may not be as driven to get the company where it needs to be.
The founders are the creators of the company and share in ownership. All though they may share in ownership it does not mean that they should share equity and compensation if there job duties are not the same. A change is equity and compensation needs to be made to create a real fairness and ability to offer equity to other employees.
The size of the founding team is five men that are all from the same company. Don Rupert is the head of AMSL. He is a co founder of NanoGene. Will Tompkins is a bio chemist and founder along with three other scientist and biologist. Mark Masterson and Ravi Rhoota were former AMSL scientist and an important asset to NanoGene. Gary Garfield who was also important to NanoGene is a doctor in biology. Each founder is vital to NanoGene in a way that the type of development for NanoGene requires each founder to make it work.
Having five founders starting up a company can cause problems early as well as later on in the company life. Having five founders requires the need to receive acceptance from each of the five founders each time an issue arises. It is unlikely that all five founders will agree on each issue. When issues come up of importance it is likely that a vote will need to take place.
Being a founder of a company is an important role. Founders are the
