Will Googlers Cash Out, Then Get Out?
This August, it will be three years since Google’s initial public offering (and since I started this blog as a way to track the company). When that happens, according to NBC News, nearly 3 billion dollars in pre-IPO options will vest, with over 450 early Googlers earning an average of $6.5 million. These are quality employees, many of whom are responsible for Google’s early growth, and they will instantly receive the option of becoming millionaires and leaving the company.
Will they?
Google isn’t the first company to have this kind of success. Microsoft’s stock turned a lot of workers into enormously wealthy people (there was always the joke of the millionaire secretary), and it cost the company some quality people. Google is going to lose a lot of employees, some of which have been biding their time waiting for their shares to vest, and those employees will leave […]
Original post by Nathan Weinberg