Google and the "Ferrari Factor"
Discussion
http://news.bbc.co.uk/2/hi/business/3932875.stm
Google, the world's most popular internet search engine, is cruising towards a lesser-known, but very possible business problem - the "all your staff suddenly drive a Ferrari" factor.
As the Californian company prepares to float on New York's Nasdaq market, in an initial public offering that will value the firm at as much as $36.3bn (£19.7bn), hundreds of the company's 2,292 staff will suddenly find they are, at least on paper, millionaires.
Some 30 million shares have been assigned to the company's workers - something has already got the company into a little potential trouble with regulators.
But the bigger question for Google is whether the new found super-wealth of all its employees with generous stock options will affect their work ethic.
Will they all continue to work diligently, or will they instead rush out and buy Ferraris and other sports cars to spend more time racing around the north Californian hills?
Google, which is famed for having a down to earth and even quirky working environment (staff are encouraged to play hockey or musical instruments in their lunch breaks), appears at first hand not to have too much to worry about.
... I think I've just found the company I want to work for !
Google, the world's most popular internet search engine, is cruising towards a lesser-known, but very possible business problem - the "all your staff suddenly drive a Ferrari" factor.
As the Californian company prepares to float on New York's Nasdaq market, in an initial public offering that will value the firm at as much as $36.3bn (£19.7bn), hundreds of the company's 2,292 staff will suddenly find they are, at least on paper, millionaires.
Some 30 million shares have been assigned to the company's workers - something has already got the company into a little potential trouble with regulators.
But the bigger question for Google is whether the new found super-wealth of all its employees with generous stock options will affect their work ethic.
Will they all continue to work diligently, or will they instead rush out and buy Ferraris and other sports cars to spend more time racing around the north Californian hills?
Google, which is famed for having a down to earth and even quirky working environment (staff are encouraged to play hockey or musical instruments in their lunch breaks), appears at first hand not to have too much to worry about.
... I think I've just found the company I want to work for !
BBC said:They needn't worry about the work ethic, the employees will need to do overtime to pay the servicing bills!
But the bigger question for Google is whether the new found super-wealth of all its employees with generous stock options will affect their work ethic.
Will they all continue to work diligently, or will they instead rush out and buy Ferraris and other sports cars to spend more time racing around the north Californian hills?
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