In doing some filing tonight I ran across some old paperwork. Sitting next to me now is a NOTICE OF STOCK OPTION GRANT from Yahoo Inc. to Jeremy Zawodny (at my old address). It grants me thousands of options to buy YHOO at a strike price of $390.25. These options expire on 12/28/2009.
That's my initial grant from 5 years ago when I started at Yahoo. Can you say "joined just before the bubble burst?" I thought you could.
Of course, the stock has split since then, but it's still not enough to make "twice as many at half the price" that exciting.
I'm sure there are thousands of similar stories out there, many from companies that aren't even around anymore--casualties of irrational exuberance.
At least we survived.
I'll keep this piece of paper, mainly as a reminder of how crazy things really were back then.
Posted by jzawodn at December 12, 2004 09:27 PM