2 ms·
Can someone explain this story to me ELI5-style (like I'm 5 years-old)?
by booruguru 11y ago
Can someone explain this story to me ELI5-style (like I'm 5 years-old)?
- __z 11y agoGuy makes promise. Guy keeps promise. PR piece shows up on fortune.com.
- pc86 11y agoWoodman is GoPro CEO, Dana is GoPro employee #1 Woodman agreed to pay Dana 10% of stock back in college. Woodman (through the company) gave Dana what amounts to just under $230 million. Other than the S1 filing (the document filed with the SEC prior to GoPro's IPO) which mentioned this deal, it was a verbal contract. Were he so inclined, Woodman probably could have refused to give Dana the $230 million and gotten away with it.