Word: stocke
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Dates: during 1990-1999
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STEVE JOBS iBook's a hit, G4 looks super, and Toy Story 2 has light-years of buzz. Too late to get stock...
...good thing the stock market is hanging tough. Ticket prices for the 2002 Winter Games in Salt Lake City were announced yesterday, and seats at high-profile events such as ski jumping and the hockey finals will run anywhere from $110 to $425. Count on handing over close to $800 to watch the opening or closing ceremonies. Of course, those on a budget can always settle for a $35 ticket to a curling match...
...know a number of people in their 20s and 30s who are not multimillionaires. I know people that age who have no stock options whatsoever. Some of them, in fact, have no stock. Given all we read about 28-year-old Internet executives whose holdings were cut by recent stock dips to only about $40 million, or investment bankers who now feel they have a nest egg large enough to allow them to ease into retirement at 27, or 30-year-old writers who wandered onto the staff of the right sitcom while waiting for the first novel to jell...
...should also get on the record that the non-stock-optioned young people I know seem to be showing no signs of suffering mightily from the new disease that I've been reading about--"millionaire angst," a condition that can apparently disable an otherwise healthy and prosperous 28-year-old who, while stripping paint from what ought to be a perfectly adequate starter house, can't keep himself from dwelling on the fact that a contemporary of his in Silicon Valley is starting with a house that costs $9 million...
...talent convinced Joanne Carthey in 1995 that she needed to offer a 401(k) plan to the 25 employees of her Scottsdale, Ariz., software company, NetPro. "In high tech, if you don't have a plan, your employees just go next door," Carthey says. By 1996, NetPro began offering stock options as a further benefit in order to keep up with its Silicon Valley peers. Employees buy shares in NetPro at a discount, before the company has gone public, and some hope to retire in part on the gains the business will see as it grows. Today even part-timers...