Google Options Make Masseuse a Multimillionaire

Discussion in 'Wall St. News' started by makloda, Nov 13, 2007.

  1. SAN FRANCISCO, Nov. 11

    Bonnie Brown was fresh from a nasty divorce in 1999, living with her sister and uncertain of her future. On a lark, she answered an ad for an in-house masseuse at Google, then a Silicon Valley start-up with 40 employees. She was offered the part-time job, which started out at $450 a week but included a pile of Google stock options that she figured might never be worth a penny.

    After five years of kneading engineers’ backs, Ms. Brown retired, cashing in most of her stock options, which were worth millions of dollars. To her delight, the shares she held onto have continued to balloon in value.

    “I’m happy I saved enough stock for a rainy day, and lately it’s been pouring,” said Ms. Brown, 52, who now lives in a 3,000-square-foot house in Nevada, gets her own massages at least once a week and has a private Pilates instructor. She has traveled the world to oversee a charitable foundation she started with her Google wealth and has written a book, still unpublished, “Giigle: How I Got Lucky Massaging Google.”

    When Google’s stock topped $700 a share last week before dropping back to $664 on Friday, outside shareholders were not the only ones smiling. According to documents filed on Wednesday with the Securities and Exchange Commission, Google employees and former employees are holding options they can cash in worth about $2.1 billion. In addition, current employees are sitting on stock and unvested options, or options they cannot immediately cash in, that together have a value of about $4.1 billion.

  2. God moves in mysterious ways...but he/she moves..:p
  3. how is this mysterious God of yours any different than probability?

    statistics says that if I rain One Trillion dollars from the sky onto One Billion people, the distribution will be as follows:

    0.00000000001% will recieve above $100 Billion
    0.0001% above $1 Billion
    0.04% more than $100 Million
    0.97% above $10 Million
    2.1% > $1 Million
    16% > $100K
    24% > $30K
    0.0001% less than $5

    but isn't that what the world aleardy is
  4. I'm glad this story had a Happy Ending!
  5. Worse post of the year!
  6. When the bear market hits... history repeats itself.
  7. copa8


    Best post of the year!
  8. and are you the best judge of the year or what!
  9. S2007S


    You look back at the ones who had major stock options in many start ups in the late 90's only to see them worthless less than 2-3 years later. I think many people lost out than gained in the dot com years holding onto stock options.
  10. Indeed!
    #10     Nov 13, 2007