Google Stock Options Rub Me the Right Way
The New York Times ran a story yesterday titled Google Options Make Masseuse a Millionaire. It’s a heartwarming story of…ach, who am I kidding, she made millions upon millions by rubbing shoulders with and rubbing the shoulders of the geeks who started Google. Millions.
Ah, the choices we make. Sometimes they’re good ones. Here’s what new Googlers get:
The average options grant for a new Google employee — or “Noogler” — who started in November 2006 was 685 shares at a price of roughly $475 a share. They also would have received, on average, 230 shares of stock outright that will vest over a number of years.
The NYT calculated that new Googlers are worth over $275,000 because of GOOG’s stock appreciation. And there are over 1,000 employees of Google who are holding more than $5 million.
Um, wow. I don’t know what to make of all this except to wonder how any company can compete with that kind of stock performance. You’d better be doing something a lot more than touting your clever mission statement and casual Fridays to get the best and the brightest. Because even if you don’t like it, even the best and the brightest know how to use a calculator. (Yep, people do work for money, no matter what you heard.)




Add New Comment
Viewing 6 Comments
Thanks. Your comment is awaiting approval by a moderator.
Do you already have an account? Log in and claim this comment.
Do you already have an account? Log in and claim this comment.
Do you already have an account? Log in and claim this comment.
Do you already have an account? Log in and claim this comment.
Do you already have an account? Log in and claim this comment.
Do you already have an account? Log in and claim this comment.
Do you already have an account? Log in and claim this comment.
Add New Comment
Trackbacks