This article in Business Week outlines how some of the CEOs in technology companies have been hit by the recent decline of the stock market. In particular…
“Capital IQ estimates that since October, six CEOs have lost more than $1 billion through holdings of their companies’ stock: Larry Ellison of Oracle (ORCL), Michael Dell of Dell (DELL), Micky Arison of Carnival Corp. (CCL), Jeffrey Bezos of Amazon.com (AMZN), Eric Schmidt of Google (GOOG), and Rupert Murdoch of News Corp. (NWS).”
Ouch. Not that I feel too bad for these guys. They have done quite well for themselves. The interesting point of the article was that stock options as a reward for performance can backfire. Granted, it’s rather a bit of common sense to understand that if the economy is declining and your compensation is directly tied to the stock price, that your take home pay won’t be quite as nice as it has been.
I wonder if this will change how companies offer comp? Probably not, but it’s an interesting reminder of the downside to those shiny stock options.
March 6, 2008. Tags: economy, stock options. business, entrepreneurs, internet, startup, technology. .
Looking for that great idea to build into a business? Capitalize on the trends around you…
Here is one company that leverages their understanding of the fashion landscape and takes advantage of the trends they see. The company, cleverly titled Bag Borrow or Steal, allows women to rent high-end designer handbags or jewelry on a weekly or monthly basis. Users can sign up for memberships that offer discounts and abilities to get on the “wait list” for popular bags. They have a nice selection and some very desireable bags (or so my wife tells me 
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What I like about this company is that they’ve introduced the concept of renting high-end fashion accessories, in effect becoming the only player in their newly created field.
The rental craze has expanded into other luxury goods recently (timeshares, exotic cars, private jets), but Bag Borrow or Steal has a potential to reach a much larger market. Bringing luxury to the millions of women, who previously could only oohh and ahh from the sidelines or store windows.
Bravo for the creativity and the daring to forge a new path!
March 6, 2008. Tags: Bag Borrow or Steal, fashion. business, entrepreneurs, startup. .
