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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Jay Tice who wrote (6224)2/18/1998 7:07:00 PM
From: Electric  Read Replies (1) | Respond to of 42787
 
Jay,

Yes,

100% without a single doubt it was my inlaw that developed and created the idea... I have never heard the story of it being their CEO.

Like the CEO would come up with the raw idea, now that is crazy..

I like that one, I bet if I asked my inlaw how that came about he would tell me that he doesnt care if he gets credit or not.

But as for example, he was hired straight out of college with a design degree, was working as a staff designer, after the success of the product, he and a co-designer have since had about 40% increases in pay, promoted in their position and given an $8,000 bonus last December (at the time that was equal to about 25% of their pay). Also recently he was given 5,000 options of the stock priced at 3.00 a share... He and his co-worker were the only ones given the options... And I had zero idea of the fact of the statement concerning the CEO, but what CEO wouldnt take full responsibility for literally saving the company?

My inlaw has no reason to make claims, he lives simply and is still paying off student loans... I would tend to side with the designer..