News of the impending IPO for the social media giant is all over the market and you know what they say about where there is smoke there is likely to be something smoldering somewhere. So, with the inevitable public offering of Facebook also comes the speculation about just exactly how much will Mark Zuckerberg be worth when all is said and done. There is little doubt that he will be a billionaire but just how big is yet to be determined.
And now with the billions probably comes a tax bill for the young social media mogul that could shatter all other recorded tax bills to date. Speculation so far has Zuckerberg being stuck with a bill of over $2 billion after his expected windfall from the Facebook IPO.
Currently the Facebook chief owns 414 million shares of the company but he also holds options on another 120 million shares that he can exercise for the bargain basement price of 6 cents per share. He will likely exercise this option for obvious reasons and also to help pay some of the tax bill that he’ll be getting after the IPO.
Zuckerberg’s options alone are worth somewhere in the neighborhood of $3billion if valued at the $29.73 posted in the Facebook IPO paperwork, but industry experts say that the stock will sell for a much bigger premium, close to $40, when they hit the market, making the options worth approximately $5 billion.
The company is expected to be worth somewhere in the area of $100 billion after the shares hit the market, making Zuckerberg and a few lucky others very wealthy people.
Zuckerberg said that he plans to only sell enough of his shares and options in Facebook to cover his tax liability because he is notoriously guarded about giving up any control of his company, or at least too much control of it. So while he will indeed add to the government’s tax take and probably be at the top of the list of those 1% of the wealthiest Americans that pay almost $19.6 billion in taxes, most of his wealth will remain paper wealth in the form of his shares in the company.
The incredible story that is Facebook and Mark Zuckerberg goes on and on. Imagine having a $2 billion tax bill to worry about. My God it just defies belief. This will be a tale that goes on for quite some time and frankly I still don’t get it.
Enhancing Recovery Options
There are some great options available for standard information recovery techniques and these different processes might be appropriate for any number of different RAID recovery plans but one thing that companies should remember is that a current plan should never stay in place for too long. This means that the recovery plan currently in play at a particular company should always be considered and updated on a regular basis. Crafting a plan for proper recovery procedures is always a good idea, but if that plan is not otherwise updated for years it’s likely that when the time comes to use it, the plan might fail.
Office Hours and Calls
When a company goes for a global audience and wants to interact with people all over the world, it’s generally impossible to talk to absolutely everyone everywhere all the time since there are so many time zones in play. This is why someone will often look into using an answering phone service because this sort of availability can be great for anyone who is otherwise interested in making sure there is someone who is always available to take messages and present an office as a true global entity that can deal with people everywhere any time.
Routing from Far Away
There is the general wisdom within computer networking and communication options that when it comes to colocation companies the best way to choose a company or narrow down the prospects isn’t through colocation pricing but through the location of potential colocation partners. Of course, for companies in rather remote areas, sometimes the location of the facility isn’t the most important part and finding a company with the intelligent routing solutions that can make far-away communication possible that’s not going to be bogged down by high latency concerns which could slow down the overall efficiency of the business.
Measuring the Grade
There is a lot of work done by individuals and companies involved in paving roads and there are some interesting measurements that are required regarding the pitch and slope of the road before the big machines and the skid loaders attachments come out for work. One of the requirements for some roads is the assurance that a particular grade for the road can either be maintained or created and this is often something that requires excavation and time and careful planning to ensure that the elevation changes are such that they are appropriate for the surface of a road.