>One of our clients, net worth in the $60M range, built a small company and was acquired with stock from a multi-national. Stock is often called a "paper" asset

>One of our clients, net worth in the $60M range, built a small company and was acquired with stock from a multi-national. Stock is often called a "paper" asset. This seems odd (also the example of programmer with stock options later) - so is he saying that because the payment is in equity you're in the financial sector / not producing real value? I'd read that last line as being disparaging about stock because it's "paper". The only example with any bite is the investment banker admitting they think they add no value.