Tales of the Serbs - millionaires "Google"

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In one of the world's largest technology corporations and is well earned, but millions are not just guaranteed to all, says the "Policy" One of our insider.


WASHINGTON - The "Google" is a great work environment is smart, and stimulating working atmosphere. Salaries are on the level of other companies in Silicon Valley. And, of course, all employees are millionaires ...

This is a suggestion of a young man from Serbia who works in the "Guglpleksu", the headquarters of multinational companies today, "Google", which throughout the world today has just over 23,000 employees and a reputation as one of the greatest technological and business phenomenon of the Internet era. Our source is for obvious reasons wishes to remain anonymous, and the occasion to talk with him is what is about two weeks, said a professor of Electrical Engineering of Belgrade Veljko Milutinovic - to his students, when they employ the "Google", but after a year day become millionaires.

The professor also said that owning shares "Google", after the experience of two years, the employees there are four million, and after four to 16, which, of course, sounds very "fairytale".

"These numbers are completely unrealistic. I'm in the 'Google' for several years, but I am still far from the first million. My colleague, also from Serbia, has been employed since 2005, has, of course, more than me, but nowhere near the amount covered by Professor Milutinovic. "

What is true is that all who are employed in "Google", with pay, receive, and the so-called stock options. It is a possibility that at a certain price, more favorable than the stock market, buy a certain number of shares of the company, for what should count rate of your money.

"Google" is a "public" company, which means that the joint stock company whose shares are traded on the BSE. Their price depends on supply and demand, which in turn generates a state of "Google" business. Currently, one share is quoted at around 616 dollars, considerably less than the historical peak, when it was worth about 740 dollars.

In "Google", which is the main gateway for searching the Internet, and who makes the fact that the search results and advertisements published in accordance with the subject of search, there are quite a millionaire, and that, besides the founders, Larry Page and Sergey Brin (who are billionaires ), mainly those that were found when the firm in 2004. came to the stock exchange. The initial offer of value of shares was set at 85 dollars, and all those who were farsighted enough to invest a lot of action and money, the rich, as early as 2007. their value soared to over $ 700.

According to our source, all "stock options" do not get the first days of signing the employment agreement, but it stretched to about four years. How will hard to get, depending on the place in the managerial hierarchy.

However, it should be noted that the "stock options and shares only rich on paper. If someone decides to liquidate, has to count that 40 percent of the state to take, as a tax on capital gains. And the sale is not easy to decide. What if "Google" tomorrow come up with something revolutionary new, which will raise the value of shares in the heavens?

Employees is important because regular monthly payment amount on the check. Since it is in Silicon Valley always competition for "talent" and their recapture, "Google" at the end of last year, all employees happy by email with the information to all wage increases by 10 percent, with a Christmas card of 1,000 dollars.

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