5 ms·

Lol any original devs retired a long time ago, can you imagine what $MSFT shares from 1989 are worth now?

• drblast 8y ago
  Don't even have to imagine. NASDAQ: MSFT $104.40
  • phs2501 8y ago
    With stock splits 1 share in 1989 would be 72 shares now. So $7,516.80.
• sun41 8y ago
  What the heck is this related to shares? You mean to suggest all original devs are millionaire, and that being a millionaire means you don't code anymore? And you, poor guy, missed out?
  • erikbye 8y ago
    Early MSFT employees were compensated heavily with stock options. I think it's also pretty safe to say that few devs from that period are still coders, they've moved on to other roles or retired. From Show Stopper!: Technical preferences aside, the success of Windows was a windfall for Cutler and colleagues. Most had received sizable stock option grants on joining Microsoft, partly to compensate for their reduced wages. At other companies such stock grants might return 10 to 25 percent profit to a grateful employee over five to ten years. A doubling of value would be a bonanza. But lately Microsoft's stock had soared-with no limit in sight. Demand for Windows transformed Microsoft from the leader of the software pack into a giant looming over the rest of the industry. The company's net profits were especially impressive; an astonishing 25 percent of sales flowed to the bottom line. Options granted to Cutler two years earlier, while substantial at the time, were now breathtaking. And the stock price seemed a cinch to double over the next few years, given the company's bullish outlook. Even at the current stock price, Cutler's options now were worth at least several million dollars. Havens and Perazzoli, meanwhile, were assured of clearing high six figures. Even the team's rookie programmer, hired fresh from Princeton the summer before, would reap a few hundred thousand dollars within three years.
  • oblio 8y ago
    Most original Microsoft devs are millionaires, yes. I think Microsoft created the biggest group of billionaires and millionaires, out of any company. Yup, found it: > The company's 1986 initial public offering (IPO), and subsequent rise in its share price, created three billionaires and an estimated 12,000 millionaires among Microsoft employees. 12k millionaires! Let that sink in :)
• skookumchuck 8y ago
  With the recent surge in MSFT, it must be pretty gratifying for the stock options.
  • oblio 8y ago
    The recent surge? A dev getting a bunch of shares in 1988 would have been filthy rich by 1996, already :)
    • skookumchuck 8y ago
      I don't think any of those devs stayed past 2000.