> Koum’s decision may be made easier thanks to the $10.4 billion fortune he’s already accrued, according to the Bloomberg Billionaires Index. He’s already sold $8 billion worth of Facebook stock since 2015, according to data compiled by Bloomberg.
What's the point of FU money if you never say FU? Good for him.
On the other hand: if he could hold his nose and hang on for another 7 months, he'd make $1B, which, if he donated to a cause, could really change things.
>The Washington Post reported earlier that Koum is exiting the company after clashing with Facebook over strategy
I think it's a very important point to make that a large part of the strategy that was being debated was weakening the encryption. [0]
At least as far as I'm concerned, that is one of the more important parts of the story that I don't feel is being discussed enough, or in cases of articles like this, entirely glossed over.
> The stock vests in increments until late 2018, with 1.9 million shares due to vest in mid-May and mid-August, plus a final tranche of 2.1 million set to be issued in November.
The guy could have collected $336M, if he had just stayed for 2 more weeks. If it were me, I would have just grinded out those 2 weeks, and given the extra $300M to my favorite charity. I guess he must have really hated being at FB...
It's highly likely his choice was more complicated than that. His net worth is $10B, so $300M isn't exactly pocket change, but it's possible by exiting now he got to make a statement and disavow involvement in future decisions.
Is it possible this is his way of indicating a clear canary event?
> The guy could have collected $336M, if he had just stayed for 2 more weeks. If it were me, I would have just grinded out those 2 weeks, and given the extra $300M to my favorite charity. I guess he must have really hated being at FB...
He he could've given an even larger donation to Signal than his co-founder did.
There is a difference between buying a small island for fun and buying a small island and building your own fully staffed pleasure paradise with an airport. My imagination has no limit on how to use infinite ever increasing amounts of money.
I sometimes wonder what motivates obscenely rich people to continue working, particularly when that work is as controversial as Facebook. The values of these people are clearly different from mine. In Koum's shoes I'd probably make the same decision, he doesn't need to work another day in his life if he doesn't want to so he has no excuse to violate his personal beliefs.
[+] [-] everdev|8 years ago|reply
What's the point of FU money if you never say FU? Good for him.
[+] [-] 1024core|8 years ago|reply
[+] [-] kaolti|8 years ago|reply
[+] [-] rando444|8 years ago|reply
I think it's a very important point to make that a large part of the strategy that was being debated was weakening the encryption. [0]
At least as far as I'm concerned, that is one of the more important parts of the story that I don't feel is being discussed enough, or in cases of articles like this, entirely glossed over.
[0] https://arstechnica.com/information-technology/2018/04/hours...
[+] [-] whack|8 years ago|reply
The guy could have collected $336M, if he had just stayed for 2 more weeks. If it were me, I would have just grinded out those 2 weeks, and given the extra $300M to my favorite charity. I guess he must have really hated being at FB...
[+] [-] r00fus|8 years ago|reply
Is it possible this is his way of indicating a clear canary event?
[+] [-] Lionsion|8 years ago|reply
He he could've given an even larger donation to Signal than his co-founder did.
[+] [-] samfisher83|8 years ago|reply
[+] [-] Traubenfuchs|8 years ago|reply
[+] [-] dnel|8 years ago|reply
[+] [-] therealmarv|8 years ago|reply
[+] [-] gamw_mana_sou|8 years ago|reply
[+] [-] auchenberg|8 years ago|reply
[+] [-] ronzensci|8 years ago|reply
[+] [-] esnard|8 years ago|reply
[+] [-] unknown|8 years ago|reply
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