Re:Cruise
by kristjansson on Wednesday April 13, 2016 @08:27PM
(#11493472)
https://en.wikipedia.org/wiki/David_Choe
> Choe, ..., chose to receive company stock in lieu of cash payment for the original Facebook murals.
A different thing entirely, if that's what you were thinking of.
reminded about that story of a guy painting a wall at a startup here around 10 years ago. Though the equity in that case was done in writing.
In the case of Cruise, without even going into detailed merits of the case - there are lawyers and judges for that after all - i think Cruise has simple question - go for less than 100% of $1B or go for the whole 100% of nothing. Do they honestly think that their half-baked system - at best practically equivalent to the system of an average Grand Challenge team 10 years ago - is really worth $1B? They got lucky that GM is that stupid, desperate and rich. Greed can scare easily that luck away.