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Hard Times for Google, Yahoo Millionaires

Posted December 05, 2008 8:16 AM

Feel sorry for those high-flying employees in Silicon Valley? They are drowning in underwater options. This means with the stock market turmoil, employees at Google, Yahoo, and scores of other companies have seen their stock options rendered almost worthless. The share values have fallen below the exercise prices. Management should immediately hold emergency shareholder meetings to reprice outstanding options. Otherwise, they risk losing valuable employees. Can we get management or the government to save them?

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#1

Re: Hard Times for Google, Yahoo Millionaires

12/05/2008 12:36 PM

boo phu$%ing hoo.

Management should immediately hold emergency shareholder meetings to reprice outstanding options. Otherwise, they risk losing valuable employees.

tell me where are the valuable employees going to go, google.....wait their in trouble, they can go to yahoo, their on the same boat, and that where they came from.

if these geeks think its greener somewhere else, stop your bellyaching and go.

Can we get management or the government to save them?

Why don't we turn over all business to the government and become a socialist government and get it over with.

Who writes this crap, step up to the plate and be recognized.

phoenix911

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#2
In reply to #1

Re: Hard Times for Google, Yahoo Millionaires

12/06/2008 7:47 AM

I'm with you phoenix. Making ungodly amounts of money in a high risk business where you don't physically supply goods or services directly for revenue is what they signed up for. High pay comes with high risk and now everyone wants to cry about it when the risk comes back to bite them. Maybe the government should bail me out when I am losing at the black jack table too.

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#9
In reply to #2

Re: Hard Times for Google, Yahoo Millionaires

12/11/2008 12:30 PM

The government forced me out of business in '75 with high interest rates. I lost a quarter of a million dollars, and never made it back. Frankly, I wouldn't care if all these millionaires lost everything. I'd like to see Bill Gates in the food line at the mission, dreaming of the fifty billion he used to have. I'd like for these people to know what it's like to wonder where your next dollar is coming from, and how you're going to pay the bills this month. And live that way for 34 years. I have no pity for these clowns, with my apologies to clowns. The government was my worst enemy, and now, it's becoming everybody's worst enemy.

Angry in Arkansas

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#10
In reply to #9

Re: Hard Times for Google, Yahoo Millionaires

12/11/2008 1:13 PM

I believe alot of us have story's simuliar. But we moved on. But when a situation that unfolds before me thats simuliar gets me pissed. I reconize it, and I do something about it to advert it from happening or reduce the damage........I learn that from the school of hard knocks.

We learn from it.

What do these poorer millionares learn...........ah the government will bail us out, with the battle cry. Look how much money we used to have, now were down to our last million.

So tell me,

Who loses more,

a person who owns a company makes $65,000.00/year that due to internal circumstances loses his business, due to his poor health at the time, along with his own $500,000.00 to try to keep the business solvent. only to find out due to corrupt employees in accounting, the owners attorney's and thier brotherhood. Its all gone.

or a CEO with a MBA who makes 10,000,000.00 a year that looses 15,000,000.00 in stock options because he mismanaged the company.

If I had a do over, but I don't expect one, I'll make my own.

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#3

Re: Hard Times for Google, Yahoo Millionaires

12/11/2008 11:04 AM

Maybe they should exercise their options and pay the company to turn in their stock. That would help raise revenues for these beleaguered firms.

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#4
In reply to #3

Re: Hard Times for Google, Yahoo Millionaires

12/11/2008 11:20 AM

execelent idea, I would also increase the stock value.

But that would never fly, that would have to come out of their own pockets.

On a different topic. in Illionois whats the going price now for the governor to sell Obama's vacanted seat?

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#6
In reply to #4

Re: Hard Times for Google, Yahoo Millionaires

12/11/2008 12:24 PM

Maybe he would take this:

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#8
In reply to #6

Re: Hard Times for Google, Yahoo Millionaires

12/11/2008 12:27 PM

,

how much you asking for it. I'll have my people talk to his people to talk to your people.

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#5

Re: Hard Times for Google, Yahoo Millionaires

12/11/2008 12:18 PM

I have no empathy for them. I was in the same situation when the telecom meltdown occured. They need to get over it, get on with life and do someting else.

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#7
In reply to #5

Re: Hard Times for Google, Yahoo Millionaires

12/11/2008 12:24 PM

G.A.

Where has the spirit gone.

it always was you fall down, get shafted, or whatever. You pick yourself up, brush yourself off. And get on with it, with a more experienced attitude.

Stop crying and expect someone else to bail you out.

phoenix911

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