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August 18, 2006
Libraries and Our Passion
OK - you invest your heart and soul and a considerable amount of time in your library and your profession.
Does Google?
"Google's top executives have offloaded about $7.4 billion of stock, equal to about a third of the company's starting market value when it sold shares at $85 each in the August 2004 IPO," says Bloomberg columnist, Mark Gilbert. Not only that, he reports "not a single Google insider has bought a single share of the company in the 18 months since the IPO lock-ups expired."
Search Engine Watch commentary here.
Bloomberg story here.
"Google's Own Executives Rate the Shares `Sell'"
Hmmm - I'll show you my commitment if you'll show me yours. There's a world of difference between working for your community and working for yourself.
Stephen
Posted by stephen at August 18, 2006 10:02 AM
Comments
In high-tech startups, it's not unusual for people to work insanely long hours for a relatively low rate of pay in order to prove their commitment to the company. The reward for this is stock options. The Google boys are now reaping the rewards of their commitment.
Posted by: Danielle Plumer at August 18, 2006 5:55 PM