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	<title>Comments on: Google Employees Watch In Horror As 60 Percent Of Their Stock Options Drown</title>
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	<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/</link>
	<description>Startup and Technology News</description>
	<pubDate>Tue, 07 Jul 2009 00:06:45 +0000</pubDate>
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		<title>By: Undercover SEO &#187; &#187; 60% Drop in Employee Stock Option Value - Google’s Achilles Heel?</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-3/#comment-2688579</link>
		<dc:creator>Undercover SEO &#187; &#187; 60% Drop in Employee Stock Option Value - Google’s Achilles Heel?</dc:creator>
		<pubDate>Tue, 07 Apr 2009 22:08:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2688579</guid>
		<description>[...] Crunch recently posted an article the other day about Google stock options dropping in value by a whopping 60%! I thought this was an [...]</description>
		<content:encoded><![CDATA[<p>[...] Crunch recently posted an article the other day about Google stock options dropping in value by a whopping 60%! I thought this was an [...]</p>
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		<title>By: Mac</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-3/#comment-2676307</link>
		<dc:creator>Mac</dc:creator>
		<pubDate>Mon, 30 Mar 2009 10:12:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2676307</guid>
		<description>Is this not to be expected though even without the current economic conditions?   I remember, not so  long ago, when a Google search actually resulted in good hits that were usable.  Now when I search Google, often I have to sift through 5 to 20 pages of BS to find something I can go on.  If that where the only measure of the company, then I'd say that even their current stock price is way over the top.  They have had some other successes that temper that (Google Earth, etc) but I honestly don't see the search results giving me (Average Joe) the hits I'm looking for.  I don't think any of the search engines do actually (but that is not a mystery).  I think their current search engine/pay per link revenue generator is the search engine equivalent of a financial derivative.  The bottom line for the end user is that it doesn't really work that well but it makes people at the top wealthy.</description>
		<content:encoded><![CDATA[<p>Is this not to be expected though even without the current economic conditions?   I remember, not so  long ago, when a Google search actually resulted in good hits that were usable.  Now when I search Google, often I have to sift through 5 to 20 pages of BS to find something I can go on.  If that where the only measure of the company, then I&#8217;d say that even their current stock price is way over the top.  They have had some other successes that temper that (Google Earth, etc) but I honestly don&#8217;t see the search results giving me (Average Joe) the hits I&#8217;m looking for.  I don&#8217;t think any of the search engines do actually (but that is not a mystery).  I think their current search engine/pay per link revenue generator is the search engine equivalent of a financial derivative.  The bottom line for the end user is that it doesn&#8217;t really work that well but it makes people at the top wealthy.</p>
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		<title>By: Everything you always wanted to know about Google… &#124; American News World - News And Technology</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-3/#comment-2554329</link>
		<dc:creator>Everything you always wanted to know about Google… &#124; American News World - News And Technology</dc:creator>
		<pubDate>Wed, 03 Dec 2008 08:46:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2554329</guid>
		<description>[...] in the slide above: how Google won&#8217;t be affected by the crisis (not so sure about that if you consider their own stock), its relation with Microsoft and its advantages on Facebook, its footprint in the infrastructure [...]</description>
		<content:encoded><![CDATA[<p>[...] in the slide above: how Google won&#8217;t be affected by the crisis (not so sure about that if you consider their own stock), its relation with Microsoft and its advantages on Facebook, its footprint in the infrastructure [...]</p>
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		<title>By: Everything you always wanted to know about Google&#8230;</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-3/#comment-2554174</link>
		<dc:creator>Everything you always wanted to know about Google&#8230;</dc:creator>
		<pubDate>Wed, 03 Dec 2008 05:58:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2554174</guid>
		<description>[...] in the slide above: how Google won&#8217;t be affected by the crisis (not so sure about that if you consider their own stock), its relation with Microsoft and its advantages on Facebook, its footprint in the infrastructure [...]</description>
		<content:encoded><![CDATA[<p>[...] in the slide above: how Google won&#8217;t be affected by the crisis (not so sure about that if you consider their own stock), its relation with Microsoft and its advantages on Facebook, its footprint in the infrastructure [...]</p>
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		<title>By: Wall Street Journal: Google To Lay Off Contractors : The Drama 2.0 Show</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-3/#comment-2545993</link>
		<dc:creator>Wall Street Journal: Google To Lay Off Contractors : The Drama 2.0 Show</dc:creator>
		<pubDate>Tue, 25 Nov 2008 08:25:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2545993</guid>
		<description>[...] significant number of Google&#8217;s employees now have stock options that are underwater and it&#8217;s even apparently cutting back on food and free [...]</description>
		<content:encoded><![CDATA[<p>[...] significant number of Google&#8217;s employees now have stock options that are underwater and it&#8217;s even apparently cutting back on food and free [...]</p>
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		<title>By: Dwayne from Probably Sucks Blog</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-3/#comment-2507170</link>
		<dc:creator>Dwayne from Probably Sucks Blog</dc:creator>
		<pubDate>Mon, 20 Oct 2008 03:46:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2507170</guid>
		<description>It's not just Google. But I can see why there is a lot of focus on Google being one of the most synonymous companies of the Internet and all.</description>
		<content:encoded><![CDATA[<p>It&#8217;s not just Google. But I can see why there is a lot of focus on Google being one of the most synonymous companies of the Internet and all.</p>
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		<title>By: Frank DiDonato</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-3/#comment-2506609</link>
		<dc:creator>Frank DiDonato</dc:creator>
		<pubDate>Sun, 19 Oct 2008 02:57:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2506609</guid>
		<description>In any corporate environment there will always be a category of employees whose main objective is monetary incentives, and thus, they usually hold positions in administrative, managerial, finance, legal, or other similar positions within a company, and typically in most cases have a background in a non technical field.  For those employees, perhaps the passion to create software or work on complex problems whether it being a global infrastructure problem or a simple add/subtract program may not be on their top priority list as the objectives of meeting the bottom line and getting compensated for it accordingly! 

Nonetheless, there are also tech employees who may have a similar mind set to prioritize monetary incentives in order for them to do their job properly without worrying about life issues such as bills etc.  However, employees at Google for the most part are compensated a salary that is above average in addition to other perks such as options, stock grants, and therefore,  I don't really think that it bothers them if Google's equity stock value dropped as low as $300 or so! 
I do not work for Google, but I would conclude that would be the most likely process of thought that takes place.

There are bigger problems that have precedence over the value of options perks, such as being EMPLOYED!  So, the fact that Google is  not announcing a major lay off of employees, rather, they continue to hire qualified candidates, then, that should tell you that this is a normal economic cycle. Get used to it, that's how capitalism works, although we don't live in a 100% capitalistic society as described or theorized by Adam Smith, we the United States nonetheless are by far the most capitalistic economy in the world, and I am happy that we are going through this parabola, as it indicates a yet more vibrant and healthy economy outcome in all sectors, whether it's in the tech sector or otherwise.  So RELAX FOLKS!

Frank, Berkeley - CA</description>
		<content:encoded><![CDATA[<p>In any corporate environment there will always be a category of employees whose main objective is monetary incentives, and thus, they usually hold positions in administrative, managerial, finance, legal, or other similar positions within a company, and typically in most cases have a background in a non technical field.  For those employees, perhaps the passion to create software or work on complex problems whether it being a global infrastructure problem or a simple add/subtract program may not be on their top priority list as the objectives of meeting the bottom line and getting compensated for it accordingly! </p>
<p>Nonetheless, there are also tech employees who may have a similar mind set to prioritize monetary incentives in order for them to do their job properly without worrying about life issues such as bills etc.  However, employees at Google for the most part are compensated a salary that is above average in addition to other perks such as options, stock grants, and therefore,  I don&#8217;t really think that it bothers them if Google&#8217;s equity stock value dropped as low as $300 or so!<br />
I do not work for Google, but I would conclude that would be the most likely process of thought that takes place.</p>
<p>There are bigger problems that have precedence over the value of options perks, such as being EMPLOYED!  So, the fact that Google is  not announcing a major lay off of employees, rather, they continue to hire qualified candidates, then, that should tell you that this is a normal economic cycle. Get used to it, that&#8217;s how capitalism works, although we don&#8217;t live in a 100% capitalistic society as described or theorized by Adam Smith, we the United States nonetheless are by far the most capitalistic economy in the world, and I am happy that we are going through this parabola, as it indicates a yet more vibrant and healthy economy outcome in all sectors, whether it&#8217;s in the tech sector or otherwise.  So RELAX FOLKS!</p>
<p>Frank, Berkeley - CA</p>
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		<title>By: Proof that the developing world is screwed &#171; Aid Worker Daily</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-3/#comment-2505303</link>
		<dc:creator>Proof that the developing world is screwed &#171; Aid Worker Daily</dc:creator>
		<pubDate>Fri, 17 Oct 2008 17:30:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2505303</guid>
		<description>[...] Silicon Valley really began falling apart and the UnParty began in earnest - eBay’s 10% layoffs, Google’s stock nosedive, Yahoo’s self destruction, VC’s bunkeringdown, etc. And more than a few people thought the [...]</description>
		<content:encoded><![CDATA[<p>[...] Silicon Valley really began falling apart and the UnParty began in earnest - eBay’s 10% layoffs, Google’s stock nosedive, Yahoo’s self destruction, VC’s bunkeringdown, etc. And more than a few people thought the [...]</p>
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		<title>By: Blog Action Day 2008: la povertà</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-3/#comment-2503078</link>
		<dc:creator>Blog Action Day 2008: la povertà</dc:creator>
		<pubDate>Wed, 15 Oct 2008 22:04:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2503078</guid>
		<description>[...] mazzate (perlomeno &#8220;a parole&#8221;): da qualche giorno girano infatti titoli del tipo &#8220;i dipendenti di Google guardano inorriditi il calo delle loro stock option&#8220;, mentre un notissimo VC (Sequoia Capital) si è affrettato ad annunciare pubblicamente che [...]</description>
		<content:encoded><![CDATA[<p>[...] mazzate (perlomeno &#8220;a parole&#8221;): da qualche giorno girano infatti titoli del tipo &#8220;i dipendenti di Google guardano inorriditi il calo delle loro stock option&#8220;, mentre un notissimo VC (Sequoia Capital) si è affrettato ad annunciare pubblicamente che [...]</p>
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		<title>By: MattMaroon.com &#187; Blog Archive &#187; But Seriously</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-3/#comment-2502433</link>
		<dc:creator>MattMaroon.com &#187; Blog Archive &#187; But Seriously</dc:creator>
		<pubDate>Wed, 15 Oct 2008 08:48:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2502433</guid>
		<description>[...] employees who got in earlier and have considerable stock vesting over time. A lot of them have lost a lot of money as the stock price has cratered. Hopefully many of them hedged by buying puts back when the share [...]</description>
		<content:encoded><![CDATA[<p>[...] employees who got in earlier and have considerable stock vesting over time. A lot of them have lost a lot of money as the stock price has cratered. Hopefully many of them hedged by buying puts back when the share [...]</p>
]]></content:encoded>
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		<title>By: VidsPimp &#187; Blog Archive &#187; The Last Horror Movie Reviewed</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-3/#comment-2501332</link>
		<dc:creator>VidsPimp &#187; Blog Archive &#187; The Last Horror Movie Reviewed</dc:creator>
		<pubDate>Tue, 14 Oct 2008 12:11:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2501332</guid>
		<description>[...] - Bad Taste - An Extraordinary MovieDo You Suffer With Chronic Bad Breath? (dental surgeon memphis)Comment on Google Employees Watch In Horror As 60 Percent Of Their ...New Info On Kilmer’s Eco-Horror Flick ‘The Thaw’31 Days of Horror: Day 13 - Picnic at Hanging [...]</description>
		<content:encoded><![CDATA[<p>[...] - Bad Taste - An Extraordinary MovieDo You Suffer With Chronic Bad Breath? (dental surgeon memphis)Comment on Google Employees Watch In Horror As 60 Percent Of Their &#8230;New Info On Kilmer’s Eco-Horror Flick ‘The Thaw’31 Days of Horror: Day 13 - Picnic at Hanging [...]</p>
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		<title>By: VidsPimp &#187; Blog Archive &#187; Wolf Creek DVD</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-3/#comment-2501310</link>
		<dc:creator>VidsPimp &#187; Blog Archive &#187; Wolf Creek DVD</dc:creator>
		<pubDate>Tue, 14 Oct 2008 11:11:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2501310</guid>
		<description>[...] ‘The Thaw’The Line 2007 DVDRip XviD-aAF31 Horror Movies in 31 Days: RING AROUND THE ROSIE (2006)Comment on Google Employees Watch In Horror As 60 Percent Of Their ...31 Days of Horror: Day 13 - Picnic at Hanging Rock   Tags:Andy McPhee, Catherine Magrath, Greg [...]</description>
		<content:encoded><![CDATA[<p>[...] ‘The Thaw’The Line 2007 DVDRip XviD-aAF31 Horror Movies in 31 Days: RING AROUND THE ROSIE (2006)Comment on Google Employees Watch In Horror As 60 Percent Of Their &#8230;31 Days of Horror: Day 13 - Picnic at Hanging Rock   Tags:Andy McPhee, Catherine Magrath, Greg [...]</p>
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		<title>By: Venkat from India</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-1/#comment-2501226</link>
		<dc:creator>Venkat from India</dc:creator>
		<pubDate>Tue, 14 Oct 2008 08:54:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2501226</guid>
		<description>"Where else are they gonna go? Facebook? haha…"  Pleaasee... I mean facebook has 0 innovation.</description>
		<content:encoded><![CDATA[<p>&#8220;Where else are they gonna go? Facebook? haha…&#8221;  Pleaasee&#8230; I mean facebook has 0 innovation.</p>
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		<title>By: Venkat from India</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-1/#comment-2501204</link>
		<dc:creator>Venkat from India</dc:creator>
		<pubDate>Tue, 14 Oct 2008 08:14:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2501204</guid>
		<description>Yeah ! I mean seriously. How difficult is it to create Google docs? One socket program that has been used for years forms the complete push/synch functionality and they call it a HUGE innovation.

Google earth - They brought a company that was doing it already
Google Street View - Panaromia remodelled.
Google Maps - Yeah Original.
Google Search - yeah original (Original enhancements and ideas)
. Agreed.



But microsoft isnt too good either.. They might build gud products for a company of that size(Its hard to move when you are fat) but the kind of lock ins they create is too much for any sensible computer user...</description>
		<content:encoded><![CDATA[<p>Yeah ! I mean seriously. How difficult is it to create Google docs? One socket program that has been used for years forms the complete push/synch functionality and they call it a HUGE innovation.</p>
<p>Google earth - They brought a company that was doing it already<br />
Google Street View - Panaromia remodelled.<br />
Google Maps - Yeah Original.<br />
Google Search - yeah original (Original enhancements and ideas)<br />
. Agreed.</p>
<p>But microsoft isnt too good either.. They might build gud products for a company of that size(Its hard to move when you are fat) but the kind of lock ins they create is too much for any sensible computer user&#8230;</p>
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		<title>By: The Prickly Prince From Microsoft Strikes Again &#124; Holly Swanson</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-3/#comment-2501171</link>
		<dc:creator>The Prickly Prince From Microsoft Strikes Again &#124; Holly Swanson</dc:creator>
		<pubDate>Tue, 14 Oct 2008 07:28:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2501171</guid>
		<description>[...] to three examples (out of over 100 posts last week) where we chronicle the fall of Yahoo and Google stock, and the Seesmic layoffs. A number of other blogs jumped on the bandwagon, calling for the [...]</description>
		<content:encoded><![CDATA[<p>[...] to three examples (out of over 100 posts last week) where we chronicle the fall of Yahoo and Google stock, and the Seesmic layoffs. A number of other blogs jumped on the bandwagon, calling for the [...]</p>
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		<title>By: Bob12</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-1/#comment-2500396</link>
		<dc:creator>Bob12</dc:creator>
		<pubDate>Mon, 13 Oct 2008 17:10:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2500396</guid>
		<description>Lol - well, im not saying one system is better over another, both have their advantages and disadvantages. However, what you're saying is absolutely not true. France in particular has one of the best health care systems in the world. If i recall, Sweden and Norway are first followed by France and Germany in terms of Quality and Access. I mean, all you have to do is think about it logically. If what you are saying was true, then it would already be a well known fact that at least 50% of Europeans would be walking around toothless, and in a state of utter physical wreckage, just like in the middle-ages. this is obviously not true, hence what you are saying is obviously totally wrong. :-) However, it is true that getting investement and starting a business is more difficult in Europe. As i said, there are good sides and bad.</description>
		<content:encoded><![CDATA[<p>Lol - well, im not saying one system is better over another, both have their advantages and disadvantages. However, what you&#8217;re saying is absolutely not true. France in particular has one of the best health care systems in the world. If i recall, Sweden and Norway are first followed by France and Germany in terms of Quality and Access. I mean, all you have to do is think about it logically. If what you are saying was true, then it would already be a well known fact that at least 50% of Europeans would be walking around toothless, and in a state of utter physical wreckage, just like in the middle-ages. this is obviously not true, hence what you are saying is obviously totally wrong. <img src='http://www.techcrunch.com/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /> However, it is true that getting investement and starting a business is more difficult in Europe. As i said, there are good sides and bad.</p>
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		<title>By: tc</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-3/#comment-2500268</link>
		<dc:creator>tc</dc:creator>
		<pubDate>Mon, 13 Oct 2008 15:12:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2500268</guid>
		<description>Do your homework. Google uses *tradeable* stock options so they have significant value when below their strike price.</description>
		<content:encoded><![CDATA[<p>Do your homework. Google uses *tradeable* stock options so they have significant value when below their strike price.</p>
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		<title>By: Google Va&#353;ingtone ir kitos naujienos : nežinau.lt</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-3/#comment-2500228</link>
		<dc:creator>Google Va&#353;ingtone ir kitos naujienos : nežinau.lt</dc:creator>
		<pubDate>Mon, 13 Oct 2008 14:14:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2500228</guid>
		<description>[...] nežinia, ar tai atsveria prarastus daugybės Google darbuotojų pinigus. Google, kaip ir daugelis kitų kompanijų, skatina savo darbuotojus akcijomis. Akcijų kursui [...]</description>
		<content:encoded><![CDATA[<p>[...] nežinia, ar tai atsveria prarastus daugybės Google darbuotojų pinigus. Google, kaip ir daugelis kitų kompanijų, skatina savo darbuotojus akcijomis. Akcijų kursui [...]</p>
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		<title>By: BillG</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-1/#comment-2500113</link>
		<dc:creator>BillG</dc:creator>
		<pubDate>Mon, 13 Oct 2008 10:57:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2500113</guid>
		<description>Access http://finance.yahoo.com/q/bc?s=GOOG&amp;t=3m&amp;l=on&amp;z=m&amp;q=l&amp;c=AAPL&amp;c=DELL&amp;c=EBAY&amp;c=IBM&amp;c=JAVA&amp;c=MSFT&amp;c=ORCL&amp;c=YHOO&amp;c=^IXIC

Over the last three months, the Dow Jones is outperforming NASDAQ which is outperforming IBM, Google, EBay, Dell, Apple and Sun, in that order. EBay announced a reduction of employees and contractors and a hiring freeze, reducing staff from its current level from 15,000 to less than 14,000. (I've no idea why it takes 15,000 people to run EBay.)

Google is only very slightly outperforming EBay but Google is meeting earnings expectations based on booked revenue from penis pills, Florida real estate and SUVs but this revenue is never going to be collected. It is just bad debt which hasn't been written off. Google's also had a bozo explosion of do-nothing project managers. Which means there's a glut of middle management in charge of go-nowhere "strategic" projects which could be cancelled at very short notice.

Microsoft and Oracle are outperforming this sinking market, partly because the threat of cost-cutting, open source competitors has already been factored into their share prices. However, I'd be most concerned if I was at Apple, Yahoo or Sun. A 10% cut in the workforce looks like an optimistic outcome. Acquisition and a 50% cut is becoming more likely.</description>
		<content:encoded><![CDATA[<p>Access <a href="http://finance.yahoo.com/q/bc?s=GOOG&amp;t=3m&amp;l=on&amp;z=m&amp;q=l&amp;c=AAPL&amp;c=DELL&amp;c=EBAY&amp;c=IBM&amp;c=JAVA&amp;c=MSFT&amp;c=ORCL&amp;c=YHOO&amp;c=" rel="nofollow">http://finance.yahoo.com/q/bc?.....HOO&amp;c=</a>^IXIC</p>
<p>Over the last three months, the Dow Jones is outperforming NASDAQ which is outperforming IBM, Google, EBay, Dell, Apple and Sun, in that order. EBay announced a reduction of employees and contractors and a hiring freeze, reducing staff from its current level from 15,000 to less than 14,000. (I&#8217;ve no idea why it takes 15,000 people to run EBay.)</p>
<p>Google is only very slightly outperforming EBay but Google is meeting earnings expectations based on booked revenue from penis pills, Florida real estate and SUVs but this revenue is never going to be collected. It is just bad debt which hasn&#8217;t been written off. Google&#8217;s also had a bozo explosion of do-nothing project managers. Which means there&#8217;s a glut of middle management in charge of go-nowhere &#8220;strategic&#8221; projects which could be cancelled at very short notice.</p>
<p>Microsoft and Oracle are outperforming this sinking market, partly because the threat of cost-cutting, open source competitors has already been factored into their share prices. However, I&#8217;d be most concerned if I was at Apple, Yahoo or Sun. A 10% cut in the workforce looks like an optimistic outcome. Acquisition and a 50% cut is becoming more likely.</p>
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		<title>By: Sal A. Jander</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-1/#comment-2499824</link>
		<dc:creator>Sal A. Jander</dc:creator>
		<pubDate>Mon, 13 Oct 2008 03:19:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2499824</guid>
		<description>Google's employees have a transferrable stock option plan, so their options can be sold (essentially) on the options market. Even someone with a strike price of $500 would be able to sell their options for about $35 (as of Friday).

See http://googleblog.blogspot.com/2006/12/about-transferable-stock-options.html for the official word, and see http://finance.yahoo.com/q/op?s=GOOG&amp;m=2010-01 for the prices.</description>
		<content:encoded><![CDATA[<p>Google&#8217;s employees have a transferrable stock option plan, so their options can be sold (essentially) on the options market. Even someone with a strike price of $500 would be able to sell their options for about $35 (as of Friday).</p>
<p>See <a href="http://googleblog.blogspot.com/2006/12/about-transferable-stock-options.html" rel="nofollow">http://googleblog.blogspot.com.....tions.html</a> for the official word, and see <a href="http://finance.yahoo.com/q/op?s=GOOG&amp;m=2010-01" rel="nofollow">http://finance.yahoo.com/q/op?s=GOOG&amp;m=2010-01</a> for the prices.</p>
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		<title>By: The Prickly Prince Strikes Again</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-2/#comment-2499501</link>
		<dc:creator>The Prickly Prince Strikes Again</dc:creator>
		<pubDate>Sun, 12 Oct 2008 20:40:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2499501</guid>
		<description>[...] week, pointing to three examples (out of over 100 posts last week) where we the fall of Yahoo and Google stock, and the Seesmic layoffs.  &#8220;The last thing we need is popular blogs AND the mass media [...]</description>
		<content:encoded><![CDATA[<p>[...] week, pointing to three examples (out of over 100 posts last week) where we the fall of Yahoo and Google stock, and the Seesmic layoffs.  &#8220;The last thing we need is popular blogs AND the mass media [...]</p>
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		<title>By: Seth Brundle</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-2/#comment-2499340</link>
		<dc:creator>Seth Brundle</dc:creator>
		<pubDate>Sun, 12 Oct 2008 14:56:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2499340</guid>
		<description>This is when we get to divide the Google employees into three groups based on intelligence:

1. The employees who exercised all of their vested options via risk-free same-day-sale right after the vesting period, cashing in and diversifying their windfall. (most intelligent).

2. The employees who considered their vested shares 'the best possible investment' and sat on their options without exercising and diversifying them (lazy, uneducated).

3. The employees who PURCHASED their vested shares (sometimes with borrowed money) to avoid paying short-term capital gains on their windfall, and will not be responsible for the tax burden of the purchase price. (Fools)

4. The employees who have not vested yet but have already started to over-leverage themselves in anticipation of their windfall (pitiful fools)

There is no excuse for being in any category but 1 this time, after the lessons learned from Web 1.0.</description>
		<content:encoded><![CDATA[<p>This is when we get to divide the Google employees into three groups based on intelligence:</p>
<p>1. The employees who exercised all of their vested options via risk-free same-day-sale right after the vesting period, cashing in and diversifying their windfall. (most intelligent).</p>
<p>2. The employees who considered their vested shares &#8216;the best possible investment&#8217; and sat on their options without exercising and diversifying them (lazy, uneducated).</p>
<p>3. The employees who PURCHASED their vested shares (sometimes with borrowed money) to avoid paying short-term capital gains on their windfall, and will not be responsible for the tax burden of the purchase price. (Fools)</p>
<p>4. The employees who have not vested yet but have already started to over-leverage themselves in anticipation of their windfall (pitiful fools)</p>
<p>There is no excuse for being in any category but 1 this time, after the lessons learned from Web 1.0.</p>
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		<title>By: Johann</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-2/#comment-2499142</link>
		<dc:creator>Johann</dc:creator>
		<pubDate>Sun, 12 Oct 2008 08:02:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2499142</guid>
		<description>By your comments I'm assuming yourself or your company is making better products than Google?  Otherwise you can keep quiet about Google.</description>
		<content:encoded><![CDATA[<p>By your comments I&#8217;m assuming yourself or your company is making better products than Google?  Otherwise you can keep quiet about Google.</p>
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		<title>By: luneneuf's me2DAY</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-2/#comment-2498948</link>
		<dc:creator>luneneuf's me2DAY</dc:creator>
		<pubDate>Sun, 12 Oct 2008 00:42:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2498948</guid>
		<description>&lt;strong&gt;EsBee의 생각...&lt;/strong&gt;

Google의 스탁 옵션 대부분이 무용지물인 상태.  근데 내 생각엔 니넨 너무 돈 많이 받긴 해....</description>
		<content:encoded><![CDATA[<p><strong>EsBee의 생각&#8230;</strong></p>
<p>Google의 스탁 옵션 대부분이 무용지물인 상태.  근데 내 생각엔 니넨 너무 돈 많이 받긴 해&#8230;.</p>
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		<title>By: googlefanboy</title>
		<link>http://www.techcrunch.com/2008/10/10/google-employees-watch-in-horror-as-60-percent-of-their-stock-options-drown/comment-page-2/#comment-2498941</link>
		<dc:creator>googlefanboy</dc:creator>
		<pubDate>Sun, 12 Oct 2008 00:36:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=23191#comment-2498941</guid>
		<description>Sorry to hear that you STILL work there.  Working like a slave and no payoff?  Hope at least you are an engineer that you can still get free food.  Maybe you can save some money by having your laundry done at the big G?  Sucks to be like the rest of the world doesn't?  I hear you.</description>
		<content:encoded><![CDATA[<p>Sorry to hear that you STILL work there.  Working like a slave and no payoff?  Hope at least you are an engineer that you can still get free food.  Maybe you can save some money by having your laundry done at the big G?  Sucks to be like the rest of the world doesn&#8217;t?  I hear you.</p>
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