Announcement

Collapse

Your Assistance Please

We need your help to battle spammers and also to keep our community user friendly.
PLEASE BE KIND TO OTHERS - Refrain from personal attacks. Avoid politics and harsh language whenever possible. If someone is violating our simple rules, DO NOT confront them, simply report the post.
STOP SPAMMERS - Report the post. DO NOT respond to them.

2017 is a year of renewal for us, we have lots of exciting changes on the way for you, but we don't have time to deal with trolls and spammers. If you find yourself suspended and need to plead your case, you will need to do so after your suspension. We are happy to address your concerns if you made a simple mistake. However, please note that those with a history of bad behavior and pushing our rules to the limit will not be given the courtesy of a reply.

MiceChat offers a number of ways for you to communicate and get involved. We offer Facebook Groups and Pages, Twitter, Instagram and Pinterest accounts. We have a front page filled with amazing content. We offer weekly meetups in the parks. Meets and events all over the world. Podcasts and videos. And we continue to maintain forums for your posting convenience. But with all those options, we can't be everywhere all the time. We need YOUR help. Please don't poke the trolls. Report posts and leave reputation. We'll do our best to keep the forums clean and active, but we can't do so without your help.

Thank you for your support folks, it's going to be a really fantastic year in the MiceChat world.
See more
See less

Jobs Helped Negotiate Lasseter Deal with Well-Timed Options

Collapse

Ad Widget

Collapse
This topic is closed.
X
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Jobs Helped Negotiate Lasseter Deal with Well-Timed Options

    http://www.marketwatch.com/news/stor...1F6A0B5400F%7D


    By Steve Goldstein
    Last Update: 4:27 AM ET Feb 9, 2007

    LONDON (MarketWatch) -- Steve Jobs helped negotiate an employment contract with top film director John Lasseter and Pixar Inc. that included a large stock-options grant with an especially well-timed date, The Wall Street Journal reported Friday, citing a person familiar with the matter. The options grant carried the lowest share price of the previous year -- on a date more than three months before the employment contract was actually signed, the report said. Jobs, then Pixar's chairman and chief executive, signed the agreement on behalf of Pixar, though it's unclear if he played a role in selecting the date, the report said.

  • #2
    Re: Jobs Helped Negotiate Lasseter Deal with Well-Timed Options

    Having professional ties to Silicon Valley over the years, I'm fully well-aware that this questionable practice with the stock options has been the mainstay of executive compensation, particularly during the dot com era.

    That being said, I would hope that John Lasseter was somewhat ignorant about the document he was signing, and blindly trusted the Pixar bean counters to do the right thing. My current opinion of the man's integrity will be significantly lowered should he prove to have been fully knowledgeable and compliant with the backdating of the stock price.
    "Dope smoking insects and reckless driving always work." -- Cousin Orville

    Comment


    • #3
      Re: Jobs Helped Negotiate Lasseter Deal with Well-Timed Options

      Originally posted by BlueSkyDriveBy View Post
      Having professional ties to Silicon Valley over the years, I'm fully well-aware that this questionable practice with the stock options has been the mainstay of executive compensation, particularly during the dot com era.

      That being said, I would hope that John Lasseter was somewhat ignorant about the document he was signing, and blindly trusted the Pixar bean counters to do the right thing. My current opinion of the man's integrity will be significantly lowered should he prove to have been fully knowledgeable and compliant with the backdating of the stock price.
      even if he did..so what? Its just money. Guy's gotta eat too.

      Comment


      • #4
        Re: Jobs Helped Negotiate Lasseter Deal with Well-Timed Options

        according to another article in the times DIsney thinks that it's possible that the value of pixar was overstated because of backdated options SO far several ceo's have been let go because of the SEC probes and I hope it doesn't happen at pixar but it could very well happen. Not only that but jobs could end up getting kicked off the board because of it.
        it seems the practice happened at apple but according to the SEC jobs didn't excersize the options so he didn't benefit from the shares. NOt sure about pixar though.

        Comment


        • #5
          Re: Jobs Helped Negotiate Lasseter Deal with Well-Timed Options

          Originally posted by Ghostbuster626 View Post
          even if he did..so what? Its just money. Guy's gotta eat too.
          That's right. And six million buys a lot of groceries.
          "Dope smoking insects and reckless driving always work." -- Cousin Orville

          Comment


          • #6
            Re: Jobs Helped Negotiate Lasseter Deal with Well-Timed Options

            All Pixar had to do to make this above-board was to disclose to shareholders that Lasseter was being given assets to the company in a way that didn't affect the publicly recorded earnings (according to rules in place at the time).

            Comment


            • #7
              Re: Jobs Helped Negotiate Lasseter Deal with Well-Timed Options

              Originally posted by sediment View Post
              All Pixar had to do to make this above-board was to disclose to shareholders that Lasseter was being given assets to the company in a way that didn't affect the publicly recorded earnings (according to rules in place at the time).
              apparently they didn't do it.

              Comment


              • #8
                Re: Jobs Helped Negotiate Lasseter Deal with Well-Timed Options

                Originally posted by Cmash95 View Post
                apparently they didn't do it.
                That's my guess.
                I don't kow what anyone is supposed to do about it. Some number of Disney shareholders could sue, I guess. Sue Jobs? Maybe.

                Comment


                • #9
                  Re: Jobs Helped Negotiate Lasseter Deal with Well-Timed Options

                  well catmull and lessetter could be out on their behinds. and jobs could be fined and charged with fraud among other charges. the only reason that jobs wasn't out on his ear when the scandal exploded at apple was that he didn't excersize the options given him. so he could say he was sorry and decline the options. there was an article in the NY times about all this a couple of months ago and i can't remember how many ceo's have been forced to resign and companies have to recalculate earnings because of backdated options.

                  Comment


                  • #10
                    Re: Jobs Helped Negotiate Lasseter Deal with Well-Timed Options

                    Catmull and Lasseter are going nowhere (thankfully).

                    And I doubt Jobs will face the music too.

                    Comment

                    Ad Widget

                    Collapse
                    Working...
                    X