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October 13, 2009

Corporate Excellence and Caring Don't Have to Be Mutually Exclusive Concepts

While only 31 companies in America made both the FORTUNE 500 and Best Companies to Work For lists, these companies also tend to be among the best performing stocks from a share-price perspective. These 31 companies have proven that excellence, maximizing shareholder wealth, and a focus on employees don't have to be mutually-exclusive concepts. While the list, itself, is highly informative, clicking on the names and reading some of the ways these companies put employees first is even more insightful. http://money.cnn.com/magazines/fortune/fortune500/2009/employers/

October 04, 2009

Adventures in Wealth Shifting - Google Stock Option Style

On March 6, 2009, Google allowed 17,000 employees to reset the exercise price on 8 million options for $310/share (down from an average pre-conversion price of $400/share).  At $90/option, that's a market volatility windfall of $720 million.  

Nice job, guys!   

Adventures in Wealth Shifting - Cash for Clunkers Style

Creative people everywhere have been taking advantage of the cash for clunkers program to not only get a new car, but to walk away with cash in the pockets to boot.  Dealers everywhere are offering no-money down, zero-percent financing on the puchase of a new vehicle.  Combine that with cash incentives and cash for clunkers and you end up with a windfall the likes of which we've never seen before.     

How? 

Let's say I've got a real clunker.  A real scrap heap of a car.  I go to the dealer and talk him into offering me $4,000 for the car on top of the $4,500 the government is going to give me for trading in my clunker.  Then I make a big deal out of wanting zero percent financing.  At zero-percent interest? I look smart, not desperate, for wanting to finance the maximum amount possible.

The end result?  I walk out of the dealership with a new car and $6,000 (after TT&L) to pay my bill for the next several months.

That's a deal worth lying and saying I'm still employed for.  Don'tcha just love it?