Google's at it Again!

Well, we all know Google as the "upcoming" tech giant that is devoted to organizing the world's information. But who thought they would become the tech giant that has financial genius? Frankly, I had no doubts.

Google recently came up with a new program allowing its employees to sell their stock options in online auctions. This allows immediate cash flows for employees who typically have to wait 4 years before their options are fully vested.

This has been reported by numerous sources, however, the Washington Post has the most comprehensive article outlining the process. Here's a brief snippet:

"Many companies give stock options as a way to recruit, retain and compensate their workers. Options give an employee the chance to buy stock at a fixed price, often the market price at the time the option was granted, for a specific period of time. If the shares rise, the employee can profit by buying at the lower price and selling at the market price.

Google's stock options proved valuable to its early employees because its shares rose sharply from its initial offering price of $85 to close yesterday at $481.78 on the Nasdaq Stock Market. Some analysts questioned whether Google's share price can continue growing at the same rate, which could mean new employees might not reap the same benefits from options as those earned by people previously hired."