Please note the mention of Cisco on stock option to their
employees. 16%, not bad.
Also I just got a proxy from Cisco to increase the stocks
allocated for all Cisco employees. I voted yes.
I like their approach. Personally, I believe stock option
award employee in the long run. Not good for job hopper
that wants earn a above average raise everyyear.
Sep 24 1997 3:34AM CST, Buffalo News
The boom in technology stocks is churning out millionaires
by the scores as the industry continues to grant employees more
stock options than any other, Forbes ASAP magazine says.
Microsoft Corp. chairman Bill Gates, worth about $38.66 billion,
heads the magazine's first list of technology's 100 richest people,
released Sunday. He is followed by Microsoft co-founder Paul Allen
and vice president Steve Ballmer, among the 12 Microsoft millionaires
on the list -- more than any other company.
The list includes 11 billionaires, including Oracle Corp.
chairman Larry Ellison; Intel Corp. chairman Gordon Moore and Dell Computer Corp. chairman Michael Dell.
Technology's wealth has trickled down beyond the boardrooms,
according to Forbes ASAP, a technology supplement of the noted
business magazine. Two of the industry's largest companies,
Microsoft and Cisco Systems Inc., grant stock options to all their
employees. The computer companies reserve 16 percent of their
standing shares for employee-option programs, the magazine said. |
