Yeah, blah, blah, corporations are evil and holding down the poor hard working honest guy. Nonsense. If I start a small corner store business making widgets, then hire you to help. I instruct you have to make my widgets, give you the tools and material to do it, pay you as we agreed, then you steal my inventory and give/sell it to someone then you are a THIEF. Just because it is software doesn't make it belong to you, and just because it is a corporation doesn't give you moral superiority.
Perhaps when you finish high school you will have learned some basic probability so you won't be amazed at such events.
Well, the problem with your figures is that you are assuming a randomly selected jury. That is not how it works, although your figures are perhaps representative of the pool of potential jurors. The defense and state lawyers have some flexibility to reject potential jurors that they feel would be biased. The state in this case would have wanted to reject white or hispanic men while the defense would probably want to reject blacks. Given those strategies, the likelihood of eliminating all blacks from sample of Florida's population if fairly high. I bet you could eliminate blacks form the jury in 90% or more of that state's trials if a lawyer was so inclined.
Perhaps you should finish university and get some real life experience applying statistics in real life circumstances before you shoot off about your mastery of a subject.
Wrong. Apple may have the biggest single device, but that's only because they refuse to give their own fans choice. They're #1 with 32% of the market, which means everyone else is choosing the larger alternatives.
Death of $60 games is greatly exaggerated
on
Can $60 Games Survive?
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· Score: 4, Insightful
Are you kidding? There are men out there who will pay $200 if a woman will just get naked and call him daddy for an hour. Anyone who thinks gamers won't pay $1.50/hour for a game is crazy. Hell, I pumped more than 6 quarters an hour into arcade games once a week when I was a kid, and that's back when you'd actually pick up a quarter in the street if you found one.
I hear that a level in the next Duke Nukem will take place in LHC facility. A PS3/360 trophy/achievement will be rewarded for finding the secret door to the main ring, repairing damage caused by mutated aliens, and escaping through a black hole created by incompetent CERN scientists.
http://en.wikipedia.org/wiki/Computer_network
A computer network is a group of interconnected computers. Networks may be classified according to a wide variety of characteristics. This article provides a general overview of some types and categories and also presents the basic components of a network....
Functional relationship (network architecture)
Computer networks may be classified according to the functional relationships which exist among the elements of the network, e.g., Active Networking, Client-server and Peer-to-peer (workgroup) architecture.
http://en.wikipedia.org/wiki/Peer-to-peer
1. Tribler designs P2P client that pushes decentralized tracking.
2. Tribler publishes research which predicts doom and gloom for the future of centralized bittorrent trackers.
3. ???
4. Profit!
With Pirate Bay shut down that means that uploaders will move on to better trackers - PRIAVTE trackers - which have higher quality control, fewer trojans, and ratio requirements.
They can do so because of the information asymmetry between management and other shareholders. In Enron's case the management was hiding debt in special purpose entities. This artificially increased the share price above what it should have been. The market didn't know this, but Enron executives did, so they were able to sell early before the stock price crashed completely. They were also receiving some non-stock based compensation. In effect, because the stock price and earnings were high (artificially of course) management received cash bonuses that otherwise shouldn't have been paid.
Black-Scholes will be a little complex for most employees, and perhaps even for Google's techies, although interesting from a theoretical point of view. The price available to employees will likely a simple value close to the options intrinsic value (stock price minus exercise price), plus or minus a premium determined by the bank for time value or discount for transaction costs.
You obviously didn't read the article.
The whole point of the Google plan is that it provides employees an opportunity to cash in the value of option and opt out of the equity investment should they so desire. It also still gives them the chance to hold company stock if they want to take the investment risk which is what Google would like.
As a Chartered Accountant and auditor I'm quite familiar with Enron and the impact its had on my industry. In the Enron collapse there were two main problem caused by stock options. First, at Enron, executives who had significant share holdings were motivated to increase their own personal wealth at the expense of shareholders and employees. As the article states, this is for employees and not executives, so it shouldn't interfere with management's stewardship function. Second, employees lost money because they didnt properly diversify their portfolio's and because the proper regulations weren't in place to allow and insure investment risks were mitigated. The Google plan mitigates the risk of employees holding too much of the company's stock by providing them a quick cash alternative.
It looks very much like Google is sacrificing some of the benefit of traditional incentive based compensation by giving employees an escape route. Employees win.
"...maybe they could just pay them more."
But then you're missing the whole point on incentive based compensation. Giving stock options provides an incentive to work harder and improve the performance of the company. If you've ever been a manager you'd know that giving the same old raise every year does little to motivate employees, but when workers see a direct correlation between their effort and organization performance they can become great employees and have higher job satisfaction.
It doesn't seem like a high level of return, but what you have to realize is the real benefit comes from the fact that they are taking advantage of an inefficiency in the market. If they can make even a 0.5% return per transaction through an artificially created imbalance in the market then they will make a killing. This kind of arbitrage is the sort of thing economists and traders dream about.
Slashdot Mirror
Yeah, blah, blah, corporations are evil and holding down the poor hard working honest guy. Nonsense. If I start a small corner store business making widgets, then hire you to help. I instruct you have to make my widgets, give you the tools and material to do it, pay you as we agreed, then you steal my inventory and give/sell it to someone then you are a THIEF. Just because it is software doesn't make it belong to you, and just because it is a corporation doesn't give you moral superiority.
Perhaps when you finish high school you will have learned some basic probability so you won't be amazed at such events.
Well, the problem with your figures is that you are assuming a randomly selected jury. That is not how it works, although your figures are perhaps representative of the pool of potential jurors. The defense and state lawyers have some flexibility to reject potential jurors that they feel would be biased. The state in this case would have wanted to reject white or hispanic men while the defense would probably want to reject blacks. Given those strategies, the likelihood of eliminating all blacks from sample of Florida's population if fairly high. I bet you could eliminate blacks form the jury in 90% or more of that state's trials if a lawyer was so inclined. Perhaps you should finish university and get some real life experience applying statistics in real life circumstances before you shoot off about your mastery of a subject.
If you're a business paying for the Google suite then they certainty do.
Wrong. Apple may have the biggest single device, but that's only because they refuse to give their own fans choice. They're #1 with 32% of the market, which means everyone else is choosing the larger alternatives.
Are you kidding? There are men out there who will pay $200 if a woman will just get naked and call him daddy for an hour. Anyone who thinks gamers won't pay $1.50/hour for a game is crazy. Hell, I pumped more than 6 quarters an hour into arcade games once a week when I was a kid, and that's back when you'd actually pick up a quarter in the street if you found one.
Yeah, and I saw a hint of Jesus on my toast this morning. Now can I get a 2 Billion dollar advance on my breakfast funding to continue the research?
And if it isn't then it should be.
I hear that a level in the next Duke Nukem will take place in LHC facility. A PS3/360 trophy/achievement will be rewarded for finding the secret door to the main ring, repairing damage caused by mutated aliens, and escaping through a black hole created by incompetent CERN scientists.
http://en.wikipedia.org/wiki/Computer_network A computer network is a group of interconnected computers. Networks may be classified according to a wide variety of characteristics. This article provides a general overview of some types and categories and also presents the basic components of a network. ...
Functional relationship (network architecture)
Computer networks may be classified according to the functional relationships which exist among the elements of the network, e.g., Active Networking, Client-server and Peer-to-peer (workgroup) architecture.
http://en.wikipedia.org/wiki/Peer-to-peer
1. Tribler designs P2P client that pushes decentralized tracking. 2. Tribler publishes research which predicts doom and gloom for the future of centralized bittorrent trackers. 3. ??? 4. Profit!
With Pirate Bay shut down that means that uploaders will move on to better trackers - PRIAVTE trackers - which have higher quality control, fewer trojans, and ratio requirements.
It is at least viable according to NASA. It has long been listed as one of many emergency landing sites for the space shuttle (at least it was in the past, not sure if that is still true). http://en.wikipedia.org/wiki/Halifax_International_Airport#Alternate_space_shuttle_landing_site The summary wasn't kidding about 'kitchen fiddle parties'. Its hillbilly central up there...
Its called brand name recognition. And its why PS3, and the other consoles, will all do just fine despite predictions of failure.
They can do so because of the information asymmetry between management and other shareholders. In Enron's case the management was hiding debt in special purpose entities. This artificially increased the share price above what it should have been. The market didn't know this, but Enron executives did, so they were able to sell early before the stock price crashed completely. They were also receiving some non-stock based compensation. In effect, because the stock price and earnings were high (artificially of course) management received cash bonuses that otherwise shouldn't have been paid.
Black-Scholes will be a little complex for most employees, and perhaps even for Google's techies, although interesting from a theoretical point of view. The price available to employees will likely a simple value close to the options intrinsic value (stock price minus exercise price), plus or minus a premium determined by the bank for time value or discount for transaction costs.
You obviously didn't read the article. The whole point of the Google plan is that it provides employees an opportunity to cash in the value of option and opt out of the equity investment should they so desire. It also still gives them the chance to hold company stock if they want to take the investment risk which is what Google would like. As a Chartered Accountant and auditor I'm quite familiar with Enron and the impact its had on my industry. In the Enron collapse there were two main problem caused by stock options. First, at Enron, executives who had significant share holdings were motivated to increase their own personal wealth at the expense of shareholders and employees. As the article states, this is for employees and not executives, so it shouldn't interfere with management's stewardship function. Second, employees lost money because they didnt properly diversify their portfolio's and because the proper regulations weren't in place to allow and insure investment risks were mitigated. The Google plan mitigates the risk of employees holding too much of the company's stock by providing them a quick cash alternative. It looks very much like Google is sacrificing some of the benefit of traditional incentive based compensation by giving employees an escape route. Employees win.
"...maybe they could just pay them more." But then you're missing the whole point on incentive based compensation. Giving stock options provides an incentive to work harder and improve the performance of the company. If you've ever been a manager you'd know that giving the same old raise every year does little to motivate employees, but when workers see a direct correlation between their effort and organization performance they can become great employees and have higher job satisfaction.
It doesn't seem like a high level of return, but what you have to realize is the real benefit comes from the fact that they are taking advantage of an inefficiency in the market. If they can make even a 0.5% return per transaction through an artificially created imbalance in the market then they will make a killing. This kind of arbitrage is the sort of thing economists and traders dream about.