Subject: stock options

Subject: Subject: stock options
From: "Mark L. Levinson" <nosnivel -at- netvision -dot- net -dot- il>
To: "TECHWR-L" <techwr-l -at- lists -dot- raycomm -dot- com>
Date: Sun, 24 Mar 2002 15:12:10 +0200

I'm envious when I read in _Moby Dick_ about
how a harpooner would get something like one
three-hundredth of the profit from a voyage.

As a fraction of the company's stock, whatever
options I've received as a writer/manager have been
a few hundredths of a percent at most, even in
small companies.

I was told once that by conventional wisdom
a generous figure to set aside for the
entire employee base, present and future,
is fifteen percent of the shares.

I have always received several thousand shares, not
the few hundred that Andrew mentions. But Andrew
is correct that such numbers have no meaning when
divorced from the value of the company.

Mark L. Levinson
not yet rich in Herzlia, Israel
nosnivel -at- netvision -dot- net -dot- il

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