Comments on: Steve Jobs On The Value Of Stock Options

By: 99cent

99cent — Mon, 04 May 2009 09:02:19 +0000

That version of history has to be reconciled with the version told by Gil Amelio and others. They’re sort of wildly different. There’s no mention of the fact Jobs sold his entire Apple portfolio up to the July 4th weekend and got the Apple board furious for deliberately causing a run on AAPL. And that’s a matter of public record. Jobs double-crossed Amelio. He beseeched Amelio for months to put in a good word for him with the board. Amelio reminded him that he still wasn’t very popular with the board. That fairy tale about roaming around and trying to help is only because Jobs of all people from NeXT was not offered a substantial position (nor cash for the acquisition – everybody else got cash but not him). Both Rubinstein and Tevanian immediately became heads of hardware and software respectively but by board decision Jobs became head of nothing. Anybody who accepts Jobs’ story at face value is an illiterate fanboy fool.

By: Five years of my life and not seeing my family very much and stuff

Five years of my life and not seeing my family very much and stuff — Thu, 30 Apr 2009 00:40:26 +0000

[...] DOCUMENTO FANTASTICO. Forbes pubblica la testimonianza resa da Steve Jobs, numero uno di Apple, lo scorso 18 marzo 2008 e ottenuta venerdì scorso dal [...]

By: Steve Jobs Explains Reason Behind His Stock Option strategy | AMJ Gadgets Magazine

Tue, 28 Apr 2009 01:27:30 +0000

[...] TechCrunch. Read also Sharp’s First Product with Optical Sensor LCD TouchpadMicrosoft Banks on New System as [...]

By: FSJ

FSJ — Mon, 27 Apr 2009 18:24:20 +0000

If you read deposition carefully, you will notice that Jobso was “playing stupid” a bit. I don’t think that anyone in the tech community would believe the claptrap about interim-ceo vs. pixar-ceo. Jobso views apple and pixar as his own property (because he built them

The key line is “That’s gratitude for you.” ))))))

By: Rick

Rick — Mon, 27 Apr 2009 17:54:37 +0000

What you really mean is that you’ve never managed to get any options that were worth anything. Certainly they are not worthless for many people.

By: Grant

Grant — Mon, 27 Apr 2009 16:19:47 +0000

It was very cool to read Mr. Jobs comments in the transcript from the SEC testimony! Thanks!

By: Eric

Eric — Mon, 27 Apr 2009 15:29:18 +0000

Yeah, Jobs was a real piece of work back then. Woz forgave him for it. Have you?

By: Eric

Eric — Mon, 27 Apr 2009 15:27:50 +0000

Unless Jobs specifically indicated he wanted something illegal done, then the assumption on Heinlein’s and Anderson’s part should have either been, “Steve, this is illegal” or “Steve, we can only go this far.” They did neither, and the Apple haters blame Jobs.

The SEC, which is lazy about prosecuting anyone has prosecuted those who are to blame. To talk like YOU knew what was happening is pure bunk and beneath contempt.

By: Eric

Eric — Mon, 27 Apr 2009 15:25:28 +0000

Yeah, technotopia, and when those being screwed by the globalist economy wake up, the revolution will be ugly. The plutocrats will cry “class war” and “socialism” and the people who have held the power in their own hands for centuries – but not exercised it with promises of “you can be rich too” – will say, “Yeah, so? The new capitalism beats share cropping.”

By: pc repair

pc repair — Mon, 27 Apr 2009 09:31:54 +0000

this is very good article I think the private equity firm that is backing Palm and in which Anderson is a partner is Elevation Partners, not Silver Lake. I’m not sure how those got mixed up.

By: Engago team

Engago team — Mon, 27 Apr 2009 08:39:02 +0000

Steve Jobs fooled Steve Wozniak over the Atari deal: $600 instead of $6000.
http://en.wikip...wiki/Steve_Jobs
Wozniak only got $300.

By: Steve Jobs On The Value Of Stock Options at TechBuji.com

Steve Jobs On The Value Of Stock Options at TechBuji.com — Mon, 27 Apr 2009 06:35:56 +0000

[...] Read More [...]

By: IFortune Web

Mon, 27 Apr 2009 05:02:30 +0000

By: IFortune Web

Mon, 27 Apr 2009 04:51:05 +0000

good

By: K One

K One — Mon, 27 Apr 2009 01:48:30 +0000

“While he was taking care of his top lieutenants by trying ti”

Did you mean “While he was taking care of his top lieutenants by trying to”?

(Please feel free to delete this post anytime. )

By: Alain Raynaud

Alain Raynaud — Sun, 26 Apr 2009 23:57:33 +0000

Best joke from the deposition, around noon:

Question: Did the board of directors of Apple in fact meet on August 29th, 2001? If that’s identified in minutes, would it be your assumption that that’s an accurate statement?

Steve Jobs: Well, what I have since learned in that last yearn surrounding events at this wouldn’t necessarily reassure me of that.

By: Ryan Cammer

Ryan Cammer — Sun, 26 Apr 2009 22:56:40 +0000

aren’t they all?

By: Ryan Cammer

Ryan Cammer — Sun, 26 Apr 2009 20:27:40 +0000

hahahaha! wait, you mean here on earth?

i have friends whose microsoft stock options are underwater. i myself worked as a developer at a VERY large website prior to one of the biggest buyouts ever, and didn’t receive a single option, but those that did got SCREWED royally.

startups use options as a way of paying their employees less than market rate, knowing that employees don’t have enough business sense to understand that the investors and maybe the founders and some upper management are the only ones that’ll make any money. even then, they’re still gambling.

bottom line: if you’re anything below executive level, take salary in lieu of options, and then take whatever extra money you get to vegas. you have a better shot winning big on the slot machines than you do IF your company is wildly successful, AND your options have any value after all the rounds of dilution.

By: Ryan Cammer

Ryan Cammer — Sun, 26 Apr 2009 20:12:10 +0000

whatever. stock options are worthless if you’re anything less than executive-level.

By: Rob

Rob — Sun, 26 Apr 2009 19:47:47 +0000

It’s quite easy to imagine the following scenario:

Jobs: Make XYZ happen. I don’t want to know how you do it, but make it happen.

Underling: Yes, sir.

Jobs: Good. Report back to me next week when you’re done.

Underling: What a nice turtleneck you have!

So, yes, Jobs is shrewd. So shrewd that he made sure he didn’t know what *actually* happened, though I’m sure he had some notions. But even still he could honestly say he didn’t know what happened.

By: Dan MIller

Dan MIller — Sun, 26 Apr 2009 18:46:38 +0000

Nice post guys. I have to say that I love the Freedom of Information Act.

By: Larry

Larry — Sun, 26 Apr 2009 17:54:09 +0000

lol so true

By: technotopia

technotopia — Sun, 26 Apr 2009 17:36:13 +0000

Pensions, health care, and safety regulation are inefficient. In this globalist economy the trend is toward increasing efficiency at the expense of entitlement. htp://iamned.com/blog/ no need to complain about doom and gloom.

—————-
“That’s gratitude for you.”

Gratitude doesn’t pay the bills, free the psyche, etc. In this day and age of no pension plans, how many of us have stayed at jobs we didn’t like and/or were ready to leave for new challenges, more money, whatev out of gratitude?

By: Gadget Sleuth

Gadget Sleuth — Sun, 26 Apr 2009 16:52:29 +0000

Jim Z: of course he knew how the options worked. As far as business and tech goes, there’s very few equals among his peers, so him playing ignorant made me chuckle.

By: reader

reader — Sun, 26 Apr 2009 15:56:14 +0000

Lets see:

Apple before Job’s return: dead in water, stocks undiluted toilet paper.

Apple after Job’s return: success wonderland, stocks diluted gold