Most Google employees are millionaires.

[Ferocious]

about 1900 employees assuming stock price of $130.

60% are worth over a million bucks.

25% worth over five million.

great for them, they deserve it.

 

[BW86]

awesome 😛

 

[Zeeky Boogy Doog]

i wish i worked for google...

 

[GasX]

Yeah, but they can't sell yet and reality will set in before the lockout expires...

 

[Arkitech]

Originally posted by: Mwilding
Yeah, but they can't sell yet and reality will set in before the lockout expires...

so they can't sell their options to someone else

 

[Aharami]

im kinda hoping all the millionaire google employees would leave. that way goog stock will go down...and i wouldnt feel so bad about not getting in on the IPO 😛

 

[GasX]

Originally posted by: Arkitech

Originally posted by: Mwilding
Yeah, but they can't sell yet and reality will set in before the lockout expires...

so they can't sell their options to someone else

nope

 

[Whitecloak]

good for them

 

[dquan97]

correction: "paper" millionaires

 

[kreb]

Should short their stock. You know it's inflated 😛

 

[trmiv]

Man, I want to work at Google. Even without the stock options, it seems like one cool place to work.

 

[Juno]

Originally posted by: PsychoticIdiot
i wish i worked for google...

 

[RagingBITCH]

Originally posted by: dquan97
correction: "paper" millionaires

Millionaires are based on total net worth. They're still millionaires.

 

[HonkeyDonk]

where is their main office?

 

[rh71]

how do they have so many employees ?

 

[DBL]

Originally posted by: RagingBITCH

Originally posted by: dquan97
correction: "paper" millionaires

Millionaires are based on total net worth. They're still millionaires.

That's why he said "paper" millionaires. They are millionaires on paper only. They cannot touch their stock options until a certain time. This is a big difference from having a million in the bank or even having assets which can be sold for 1 million, such as real estate, stock or other valuable items.

 

[Martin]

Can you really say they don't deserve it? I wish more companies would treate their employees like Google....

 

[MustISO]

Anyone know how long the lockout period is?

 

[dquan97]

That's why he said "paper" millionaires. They are millionaires on paper only. They cannot touch their stock options until a certain time. This is a big difference from having a million in the bank or even having assets which can be sold for 1 million, such as real estate, stock or other valuable items.

Correct. Those employees only have the option to purchase stock at a discount, but they can't sell it until a later date. Once that date comes and the option is still "in the money" (selling at discount), then they can exercise those options and cash in the big bucks. Until then, they're just paper millionaires.

 

[tigerbait]

hell, I'm barely a paper thousandaire. I'll take paper millionaire any day of the week. 😛

 

[Phoenix86]

Originally posted by: dquan97
correction: "paper" millionaires

Correction, "optionaires"

 

[puffff]

Originally posted by: tigerbait
hell, I'm barely a paper thousandaire. I'll take paper millionaire any day of the week. 😛

i bet some of us are paper hundredaires... do i hear any dollaraires?

 

[Aharami]

Originally posted by: puffff

Originally posted by: tigerbait
hell, I'm barely a paper thousandaire. I'll take paper millionaire any day of the week. 😛

i bet some of us are paper hundredaires... do i hear any dollaraires?

/raises hand

 

[trmiv]

right now, i'm barely a centanaire.

 

[GasX]

Originally posted by: MustISO
Anyone know how long the lockout period is?

90 days from IPO