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My grand grand parents were the dumbest p ever. They sold an estate that has been today found to contain worlds greatest reserve of gold/diamonds/whatever.
They had to be the lamest grand grand parents ever
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If anything this has to be the dumbest commentary ever. Please, please delete this from HN.
Faced with a serious employee morale problem and options under water, Steve took action to get his employees motivated.
I can't say that said action was essential, but it's hard to see Apple being where they are now if they'd hemorrhaged key staff during bad times.
And in personal terms, there is no difference between having $2Bn and $13Bn in your back pocket. Unless you're convinced you need a third personal Airbus A380 super-jumbo VIP transport, or a dozen extra castles, or something on a similar batshit scale, the diminishing marginal utility of money makes it all moot after the first billion.
I don't see what that has to do Job's decision. The board offered this to every employee individually. Steve could take it or leave it without affecting anybody else.
I can see the value for a corporation in keeping more than a billion dollars in capital and assets, but not for a single person. I imagine this is why Bill Gates started giving tons of money to charities. At that level (billions, plural), what use could it possibly serve other than to pile it all in cash and gaze balefully down from your cash-throne at the peasants beneath you?
To the OP: Why is this a dumb trade? He should have somehow known his options would be worth more in 7 years' time? Had he been able to assuredly predict the future of AAPL (or any stock, for that matter), he'd be a hell of a lot richer than $13 billion.
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[ 4.2 ms ] story [ 66.8 ms ] threadThis is similar to insider's selling in bulk when they themselves are not sure of the future of the company.
Does he really feel a difference between 2.5B and 13B?
They had to be the lamest grand grand parents ever </reddit>
If anything this has to be the dumbest commentary ever. Please, please delete this from HN.
("Think of the money you'd save if you didn't need money" - Lorraine Bowen.)
Faced with a serious employee morale problem and options under water, Steve took action to get his employees motivated.
I can't say that said action was essential, but it's hard to see Apple being where they are now if they'd hemorrhaged key staff during bad times.
And in personal terms, there is no difference between having $2Bn and $13Bn in your back pocket. Unless you're convinced you need a third personal Airbus A380 super-jumbo VIP transport, or a dozen extra castles, or something on a similar batshit scale, the diminishing marginal utility of money makes it all moot after the first billion.
To the OP: Why is this a dumb trade? He should have somehow known his options would be worth more in 7 years' time? Had he been able to assuredly predict the future of AAPL (or any stock, for that matter), he'd be a hell of a lot richer than $13 billion.