Get the latest tech news
Mid-level Nvidia employee gets $62M in stock options; another lost it all
Even ‘mid-level’ employees have become multi-millionaires.
However, as a counterpoint, the senior Barron’s reporter also knows of at least one Nvidia employee who made a “half billion dollar mistake,” after their ‘green-gold’ slipped through their fingers. It must have been hard to hold these shares without sometimes dipping in to take some cash, but Kim asserts that this individual “never sold during tenure.” We don’t need to say that $62 million is a considerable retirement nest egg, and hope that the ex-employee enjoys the best of health, too. Sadly, this employee had to sell up his green gold to pay for losses when his broker “margined his account with another stock that fell 90%,” explains Kim.
Or read this on Hacker News