Word: worthlessly
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...also buy that spirit. To restore morale, Jobs says, he went to the mat with the old board to lower the price of incentive stock options, which had become virtually worthless as the share price sagged. In Silicon Valley, where job opportunities are as common as Porsches, stock options are crucial to retain employees. When the board members resisted, he pushed for their resignations. Jobs repriced the option at $13.25. Apple employees have already made...
...eliminate world illness and suffering instantly and to make society so productive that everyone will enjoy peace and prosperity. On Wall Street the bottom falls out. The Pentium chip might as well be a buggy whip; Windows 98 a manual typewriter. As sky-high tech stocks become worthless, everything follows, and from the elite on Wall Street to the masses in mutual funds, they begin to think maybe, just maybe, they ought not take the deal...
...where a new mine is opening up, the hills around town are being graded and bulldozed in preparation for dozens of fancy new homes. Eureka's Cuchine fears the houses are a rip-off, a scheme by the mining conglomerate to sell real estate that it knows will be worthless when the mine's exhausted. "Seven years from now that whole hill might be deserted...
That value is purely theoretical, however. Both the export and import of ivory are illegal because of a 1989 international agreement that declares elephants a "most endangered" species. Namibia's treasure is, practically speaking, worthless, as are the hoards sitting in neighboring Zimbabwe and Botswana--an estimated $8 billion worth at last count. All three nations are, frankly, fed up with having to sit on all that wealth. So when the Convention on International Trade in Endangered Species (CITES) assembles for its biennial meeting this week in Harare, Zimbabwe's capital, delegates from around the world will be asked...
...looking new $100 bill last year. Because U.S. currency often serves as the fail-safe exchange in countries with collapsing or corrupt banking systems (an estimated two-thirds of all U.S. cash circulates abroad), many international dollar-holders back then feared that their old $100 bills would be made worthless. In Russia, exchange centers were overwhelmed by worried people looking to change their bills for something smaller. This time around, the response has been muted. "The $100 bill has a certain cachet that $50's don't seem to have," Shannon says. "In the Third World, for example, not many...