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September 02, 2006

Posts of Note

posted by MR WAVETHEORY at 9/02/2006 02:18:00 AM
YouTube is hiring a CFO - the former Treasurer of Yahoo. Maybe they are preparing for a sale or IPO.

Myspace is partnering with Snocap to offer music downloads.

Baidu is considering listing China Depositary Shares (CDS) in Shanghai. It intends to use proceeds to acquire search engine related assets.

Barron's writes that Microsoft is granting 37 million shares to 900 executives. These shares are worth $956 million. What I find most interesting is that one of third of these shares vest immediately - call it a mid-year (retention) bonus. Vesting is the amount of time it takes to get your shares. Microsoftees get 1/3 of the shares immediately, 1/3 in a year, and 1/3 in two years. Typically, tech companies usually choose to vest their shares in 4 years, so that employees don't leave immediately after getting them. Rarely do they vest on a two year schedule. By the looks of it, Microsoft is using an accelerated vesting schedule to retain employees. After all, you can just imagine the frustration of the typical Microsoftee, watching their stock go no where in a nearly half a decade while Google's stock has more than quadrupled in that period of time.

What are you doing with your garage? Some home owners are spending $20,000 to $200,000 modifying their garages.

A garage's main purpose continues to be storing cars, but that doesn't mean it has to look like a garage. Driving into David Rodrigues' four-car garage is like entering your family room. The Pewaukee (Wis.) builder spent $20,000 just on wood-paneled walls, red alder pantry-style cabinets, and a bronze stained floor. There are also wall-mounted racks for golf and ski gear, and a lift system to keep his Heritage Harley-Davidson motorcycle off the floor.

Lawyer Bob Wade spent about $275,000 to build an unassuming 2,400-square-foot cedar garage at the foot of his driveway in Northampton County in eastern Pennsylvania. But inside, it's more like a museum to house his collection of six classic cars, including a 1965 Porsche Cabriolet. The space features a 130-square-foot work area and a hydraulic car lift. It even has a shower so Wade can clean up when he's finished working on the cars.

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