Microsoft stock option backdating

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On March 26, 2007, Sinegal voluntarily paid 0,000 to Costco, "to avoid any question about whether he personally benefited from the original measurement date," the company said. In June 2006, Costco abandoned them in favor of restricted stock units – in keeping with a trend among publicly traded companies.

In a classic series of essays written a decade ago, seemingly aimed at convincing people to either found or join startups, Paul Graham stated, “Risk and reward are always proportionate.” This assertion is used to back the claim that people can make more money, in expectation, by joining startups and taking risky equity packages than they can by taking jobs that pay cash or cash plus public equity.

Costco CEO Jim Sinegal, above, is one of the defendants named in a shareholder lawsuit accusing Costco insiders of illegally backdating stock options.

Sinegal is shown with shopper Brenda Hanson at the grand opening of the new Costco in Gig Harbor last November.

less Costco CEO Jim Sinegal, above, is one of the defendants named in a shareholder lawsuit accusing Costco insiders of illegally backdating stock options.

Sinegal is shown with shopper Brenda Hanson at the grand ...

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