AOL cranked out 3000 millionaires

greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread

I saw a good article this morning in the Washington Post about the new found riches of AOL employees. Showed a guy making about 35K putting up Web content and he hit the $2Mil jackpot with options (just recently vested). Estimates are that AOL made 3000 folks millionaires.

Combine huge bank accounts with inexperienced people and you may see some big time year end panicking!

Think all this newfound wealth is ripe for a big transfer?

br14

-- br14 (br14@bout.done), August 01, 1999

Answers

I think all the people who have found big time wealth are going to be left holding the bag. I'm concerned that some will go off the deep end like that commodities trader guy did last week.

-- outofthemarket (outofthemarket@outofthemarket.com), August 01, 1999.

That would sure buy a lot of Gold Eagles....

-- Jack (jsprat@eld.net), August 01, 1999.

Moderation questions? read the FAQ