Main | Monday, November 12, 2007

Crock Options

From the New York Times:
Bonnie Brown was fresh from a nasty divorce in 1999, living with her sister and uncertain of her future. On a lark, she answered an ad for an in-house masseuse at Google, then a Silicon Valley start-up with 40 employees. She was offered the part-time job, which started out at $450 a week but included a pile of Google stock options that she figured might never be worth a penny.

After five years of kneading engineers’ backs, Ms. Brown retired, cashing in most of her stock options, which were worth millions of dollars. To her delight, the shares she held onto have continued to balloon in value.
Sigh. Right about the time Ms. Brown joined Google, my employers in California also went public. By the time the creditors came to padlock the corporate headquarters near Sacramento, my thousand-or-so stock options were worth six cents each.

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