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Politics : Formerly About Advanced Micro Devices
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To: Burt Masnick who wrote (72867)9/23/1999 5:59:00 PM
From: Ali Chen  Read Replies (1) of 1571408
 
<If they bought 1.5 billion $ worth of stock and kept it (which is what I think really happens, by the way), they get back the 1.5 billion in cash. What's the point?>

No, they got back nothing and keep nothing.
Intel buys stock and
give it away to employees, instead of salary.
This is non-accountable form of labor compensation.
They get back only the exercise price, which I am
sure is already somewhere in income books.
The $1.5B is the difference Intel paid out of
pocket. Essentially your pocket, if you wish :)
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