Although Edgar Bronfman rejected Edgar Bronfman's attempt to take a stake in Firefly Electronics a few days ago, Eric's equity incentive plan for Firefly Electronics this time is as generous as Yahoo's original one.
After careful consideration, Eric finally decided to sell 12.5 million shares of Firefly Electronics' 250 million total share capital to the core executives and elite employees of Firefly Electronics at a low price.
12.5 million shares, equivalent to 5% of the total share capital of Firefly Electronics. According to the industry's general valuation of Firefly Electronics at about 30 billion US dollars, the value of this equity has reached 1.5 billion US dollars, which is higher than when Yahoo implemented the 20% equity incentive plan. The total value of the stock granted is 50% higher.
The rise of Firefly Electronics is too fast. At the beginning, it did not sign an equity incentive contract like Yahoo in advance. Out of tax avoidance and other considerations, this equity incentive did not adopt the method of free gift.
However, Eric only transferred the stock at a low price based on a price-earnings ratio of about 10 times, and the price per share was only $32, which was roughly equivalent to a quarter of the market price of $120. Moreover, the executives and employees who enjoy the subscription rights only need to apply for a zero-interest loan from Firefly Investment to pay for the stock subscription, which will be repaid through the company's dividends in the future. In fact, there is still no need to pay a penny.
Of course, it is easy to get, but this stock also comes with very strict restrictive terms.
During this period of time, as major electronics manufacturers announced their entry into the field of digital music players, Firefly Electronics also clearly showed signs of a large number of employee losses. However, with the implementation of this equity incentive plan, this trend will also be effectively curbed.
Arrived in Palo Alto, San Francisco in the afternoon, when the meeting ended, it was already dark.
Caroline was invited by Melanie to go home, and Eric also specially gave this girl a few days off, returning to Los Angeles whenever he wanted.
After attending a reception held by Larry Ellison in the evening, Eric returned to Atherton's residence with Mayer, who accompanied him to the reception, and it was almost eleven o'clock.
Accompanied by the surging Nasdaq market, the entire Silicon Valley is obviously permeated with an impetuous atmosphere. The wealthy area of Atherton, which should have been quiet at this time, is still very noisy at this time.
Eric's car shuttled through the Atherton neighborhood. From time to time, there would be some men and women who were clearly unsatisfied on the road. In more brightly lit mansions, the endless parties continued.
Not to mention other times, just in the past two months of 1999, more than 100 large and small technology companies in the Nasdaq market have achieved IPOs. Crazy, but it's a fact of life. Some technology companies can easily raise millions of dollars of funds through a business plan that exists only on PPT, thus creating a large number of millionaires and even billionaires who became rich overnight .
The car drove into Eric's mansion in Atherton. After getting out of the car, Eric unexpectedly heard faint noises from the neighboring mansion, and even a woman's screams. Although due to the size of the mansion It was very loud, and the sound from the next door was not considered noisy. I believed that he could avoid it by entering the room, but he still couldn't help frowning.
Mayer followed Eric, noticed his expression, and explained: "The next door is Jean-Louis Garcy, the founder of Be, who was originally an executive of Apple, but was kicked out of Apple by Jobs. A few years ago, Apple almost adopted the BeOS operating system developed by Jean-Louis Garcy, but the other party asked for too high a price and asked for 15% of Apple's shares. The then CEO John Sculley did not approve the cooperation plan. However, Be has also recently gone public, and the antitrust investigation of Microsoft has made other operating system stocks in the market very popular, and Be’s market value has recently exceeded $1 billion.”
Eric just nodded, not at all interested in these desktop operating systems that were destined to be eliminated. Walking into the villa with Mayer, the faint noise disappeared completely, and he took off his suit casually, pulled off his tie and lay comfortably on the sofa in the living room.
"Mary, play a song for me and see if you can guess what song I want to hear right now?"
Mayer helped Eric hang up his suit, and planned to go to the kitchen to pour Eric a glass of water. He still drank some wine tonight.
Hearing this sentence, the girl turned to a digital speaker in the corner of the living room. This is a music player product developed by the R&D department of Firefly Electronics, but Eric didn't want Firefly Electronics to be distracted by anything other than the portable music player. The product line was rejected, but a set of very beautiful prototypes was left in the villa.
Just a moment later, the melancholy and slow accompaniment sounded from "Young-And-Beautiful".
* See all the prosperity and vicissitudes.
*The heart is lazy and tired.
*To be intoxicated with paper and gold, changing cups and cups is like a passing cloud.
*Midsummer Night's Mang.
*July is young.
*We are young and frivolous, not afraid of the long years.
*We indulge in time until the lights come on.
*…
Eric moved his body on the sofa in satisfaction, leaned on a pillow, kicked off the leather shoes on his feet, and put his legs on the armrest on the other side of the sofa casually, enjoying the sound of music that filled the surroundings.
A faint feminine fragrance came from the nostrils, and Eric opened his eyes again. Mayer appeared next to him, holding a glass of water in his hand, leaning over to hand it over, and a strand of light blond hair hanging down.
Eric didn't go to pick up the water glass, but reached out to catch the fluttering blond hair, and then slowly climbed up to touch the girl's smooth face.
I really like the feeling of my fingertips walking on a woman's body, so I continued to slide down.
It seems like that night a long time ago.
This time the girl didn't speak again, she narrowed her eyes slightly like a cat, her cheeks were still slightly sideways, as if she wanted to get closer to the man's palm, and after a while, she let go of the glass in her hand and knelt down softly Beside the sofa, let the man take off the shoulder straps of his wine red dress tonight.
It wasn't until the man stretched out his hand to lift her body no longer satisfied that Mayer whispered softly: "Eric."
Eric stopped what he was doing and looked at the blushing girl: "Huh?"
"No," the girl paused, then shook her head, still leaning against the sofa, and said, "It's nothing."
Eric smiled and said, "How about we go to your room?"
"No, no need," Mayer hesitated, stood up, slowly climbed on Eric, and said, "That's it."