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Woz, as he is commonly referred to in the movie even informs Steve Jobs that he is going to give (transfer) some of his stock ownership rights to other early employees like Daniel Kottke, Apple’s first official employee. Although this was generous decision on behalf of Wozniak, according to Prof. Jeanne Calderon, Apple and it founders are not legally required to issue IPO to its original employees (Daniel Kottke) as long as the information expressed in the “IPO prospectus and the SEC registration process precisely corresponds with actual conduct of the company.” Since, Steve Jobs and Steve Wozniak were the founding members of the Apple it is reasonable for them to profit substantially from the company’s initial-public-offering (IPO)...
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Common topics in this essay:
- A Comparison Of Options, Restricted Stock, And Cash For Employee Compensation
- Compensation Law
- Executive Compensation and Corporate Fraud
- Executive Compensation, Stock Options & Fiduciary Responsibilities
- Executive Compensation
- Executive Compensation
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