TY Moka for answering your contradiction on Drury's vision :p
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TY Moka for answering your contradiction on Drury's vision :p
getting close - drury smart cookie selling some recently , good timing as it looks like heading lower due to rotation out of tech shares into value
Anyone know what his shares cost him? They are/were worth over $600 million last i looked.
That's dumb question, they cost him nothing except his seed money and tireless efforts as CEO and founder which have been recompensed somewhat by his salary. Rod is the founder of the company, founders don't have to buy their shares. And his remaining holdings are not worth over $600m at current SP, but they are worth a great deal.
Founders don't have to buy their shares. That's a new one.
Usually they have put money in before they go to the public to pay for the growth. They would keep a % of the company to reflect the time and the money they have already invested. So they have paid for their shares.