For reps who are on this contract, I would keep interviewing. Until they commit, i.e., rollover as Exact employees with stake in overall success like stock options, there is no trust/loyalty on both sides.
Does their go to market strategy include hiring 100's of reps to sell to private practice physicians???
Exact Sciences management and employees are making major money with stock. Until they commit to those contract reps, this is all a "get stock up" and sell company. In transactions from Oct. 16 to Oct. 20, the four officials exercised their rights to buy shares of Exact stock at prices ranging from 83 cents per share to $10.18 per share, then subsequently sold those shares at prices ranging from $22.84 to $23.93. CEO Kevin Conroy netted nearly $9.1 million, COO Maneesh Arora pocketed $5.6 million, chief science officer Graham Lidgard made about $3.1 million, and board member Sally Crawford pulled in about $1.6 million. Those ranked among the biggest recent payouts for public company executives and board members selling stock, according to Thomson Reuters data published by Barron’s.
You can't exercise stock options for multiple yrs at the least. The people who are making $ from stock were with Exact from day 1. The rest will have to sit and wait awhile before doing anything.
These facts alone show they are out for themselves and screw the rest let's go cheap and hire CSO reps .
