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MacNN unobjective trash talk
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Professional Poster
Join Date: Mar 2002
Location: Smallish town in Ohio
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http://www.macnn.com/news/27075
Option-for-stock grant move costs Jobs $371M
Wednesday, November 24, 2004 @ 8:30pm
Bloomberg notes that Steve Jobs decision to trade in his "under-water" stock options for an one-time stock grant cost him more than $370 million in unrealized profit: "Steve Jobs in January 2000 received the largest option grant in history: 20 million shares [along with a] second option [later] covering another 7.5 million shares, which was granted in October 2001. Jobs then took an offer in March 2003 to turn in all 27.5 million shares for five million free shares then worth about $75 million. As of the markets close on Nov. 22, those free shares had a value of $307 million. Had Jobs kept his 27.5 million option shares, they would have contained, again as of the close on Nov. 22, paper profits of $678 million. Bad move, Steve. Some people may perceive you as arrogant, but based on your decision, you really underestimated yourself."
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Mac Elite
Join Date: Jun 2004
Location: Arizona Bay
Status:
Offline
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<some witty quote that identifies my originality as a person except for the fact everyone else does the same thing>
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Clinically Insane
Join Date: Nov 1999
Location: 888500128, C3, 2nd soft.
Status:
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What a bummer.
I hope he'll be able to afford dinner...
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Dedicated MacNNer
Join Date: Nov 2003
Location: sleep
Status:
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Originally posted by Spheric Harlot:
What a bummer.
I hope he'll be able to afford dinner...
Unlikely: His power lunches with the ten members of the economic elite will now be reduced to ten members. It sucks to be poor.
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Professional Poster
Join Date: Oct 2000
Location: Toronto, ON
Status:
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What illiterate monkey writes this crap?
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The Lord said 'Peter, I can see your house from here.'
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Addicted to MacNN
Join Date: Aug 2004
Location: Outfield - #24
Status:
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Originally posted by ReggieX:
What illiterate monkey writes this crap?
Ballmer?
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Addicted to MacNN
Join Date: Aug 2000
Location: Retired
Status:
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Nice writing all around. Good thing we don't pay for this 
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Power Macintosh Dual G4
SGI Indigo2 6.5.21f
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Mac Elite
Join Date: Aug 2004
Status:
Offline
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Originally posted by MacGorilla:
Nice writing all around. Good thing we don't pay for this
Too bad they do
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Professional Poster
Join Date: Jul 2001
Location: In bits and pieces on Cloud City
Status:
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You think he cares about how much money he makes anymore, he got his own free jet, he gave his house away for free, has a second job and makes $1 a year at Apple.
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"Curse my metal body, I wasn't fast enough!"
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Addicted to MacNN
Join Date: Oct 2002
Location: Boston, MA
Status:
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I just gives them something to write about. 
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"Never give in, never give in, never, never, never, never - in nothing, great or small, large or petty - never give in except to convictions of honor and good sense." Winston Churchill
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Addicted to MacNN
Join Date: Oct 2002
Location: Boston, MA
Status:
Offline
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There seems to be technical difficulties today. 
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"Never give in, never give in, never, never, never, never - in nothing, great or small, large or petty - never give in except to convictions of honor and good sense." Winston Churchill
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Professional Poster
Join Date: Jul 2003
Location: Canada
Status:
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you can say that again
edit: aww you ruined my joke wdlove...
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Addicted to MacNN
Join Date: Mar 2001
Location: The Rockies
Status:
Offline
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That wasn't MacNN trash talk, it was a columnist who writes for Bloomberg that MacNN quoted.
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