Please give Ellison more money!
Larry Ellison has now been awarded yet another 7 million dollars in stock options, even though he already holds 22.3 percent.
Graef Crystal gives an overview of the numbers and what he is worth, and what he has made:
• “On July 6, 2006, he received a grant covering 7,000,000 shares with a strike price of $14.57 and a term of 10 years. The company declared the option to have a grant date fair value of $50 million.”
• “On July 5, 2007, he received a second grant covering another 7,000,000 shares, with a strike price of $20.49 and a term of 10 years. The company declared the option to have a grant date fair value of $71 million.”
• “On July 3, 2008, he received a third grant again covering 7,000,000 shares, with a strike price of $20.73 and a term of 10 years. The company’s declaration of grant date fair value is not currently known, as the proxy covering the fiscal year ended May 31, 2009 has not yet been filed.”
• “On July 2, 2009, he received a fourth grant again covering 7,000,000 shares, with a strike price of $21.04 and a term of 10 years. The company’s declaration of grant date fair value is not currently known, as the proxy will not be filed for over a year.”
I mean, sure I definitely think this guy deserves more money, I mean someone that works as hard as I’m sure he does deserves an even bigger yacht than that water mansion he already owns, and how about a couple flights on his private jet…I mean the economy is in great shape, right?
Steve Jobs on the Move
Steve Jobs, CEO of Apple has been making attempts for a while now to demolish the 84 year old Jackling house which is located on a piece of land he owns in Woodside California however many have argued against the demo claiming the site is a “historic resource.”
In May Jobs was granted permission to tear down the home, but last month Gordon Smythe an angel investor from Palo Alto came forward with an offer to move the building to another location. Jobs will have to fork up $600,000 to aid in photography, disassembly and movement of the home.
This deal will move forward if approved by the Woodside Town Council on Tuesday.
Our Bad!
So, yesterday after the above article, kept safely in tact via Google Cache, was published on the New York Times blog individuals involved clearly complained as the post was yanked.
The response?
“Several readers have asked why we took down yesterday’s post about the underground climbing wall. Unpublishing a post is a step we rarely take, but here’s why we felt it was necessary. Basically, we believe that parties who are the subjects of an extensive and sensitive post like yesterday’s should know they are being written about. This is both the neighborhood-y, Local thing to do and simple journalistic ethics.
In this case, the author of the piece identified himself to several climbers but not to the people who run the space. We were unaware of this lapse. We had concluded, based on the author’s initial pitch, that he planned to be upfront with everyone, and we neglected — our bad — to confirm this after the piece was filed.
We’re still feeling our way here through the uncharted territory of citizen journalism. We pledge, as always, to learn from our mistakes. On to more pleasant things.”
Woops, looks like some “citizen journalist” just blew the lid of a loved “secret” hotspot. So much for a haven for the hippies who love it…
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“Google CEO Eric Schmidt explains to Microsoft’s Nathan Myhrvold and Bill Gates how his new Chrome OS will reduce Windows to a “poorly-debugged set of device drivers.” Gawker
“Rupert Murdoch, after being charmed by Haim Saban and News Corp. underling David DeVoe.” Gawker
