As business owners and entrepreneurs, we aim to stick with employees who consistently prove their good work and reward those hardworking team members…
But this CEO has gone above and beyond for his employees by making them all millionaires thanks to stock options.
Here’s the story…
Employee Stock Options Make Millionaires
Jay Chaudhry is known as the CEO and founder of the incredibly successful cybersecurity firm Zscaler. His net worth is over 10 billion dollars…
But what you might not know is that he is a career entrepreneur, and he sold one of his earlier companies for millions.
In 1998 Chaudhry sold his company SecureIT, to VeriSign in an all-stock deal worth $70 million. But before the company sold, he had given his employees a plethora of stock options.
He and his wife, Jyoti, self-funded the company, freeing up equity for employee stock options. The reason company stock was frequently given? Their employees made the company as much as Chaudhry did…
“THOSE EMPLOYEES MAKE THE DIFFERENCE — THEY [WERE] WORKING DAY AND NIGHT,” HE SAID.
At first, he didn’t realize the impact, but two years after the sale, VeriSign’s stock skyrocketed over 2,300%. When he did the math, Chaudhry realized that thanks to his employee’s stock options…
OVER 70 OF HIS 80 EMPLOYEES BECAME MILLIONAIRES OVERNIGHT.
He says that his employees had never even thought of that much money, they were buying homes, and cars, and taking lengthy, expensive vacations…
Making A Change
Chaudhry isn’t the first billionaire to reward his employees with stock options in this manner. People know Mark Cuban for giving his employees bonuses whenever he sells a company.
This just goes to show that billionaire money management goes hand in hand with philanthropy…
In the end, no matter how successful your company gets, if you find people who are just as dedicated to achieving your goals as you are…
You must treat them as well as they treat you.
Be Great,
GCTV Staff
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