Thursday, May 13, 2004

Wow. I have apparently made it into the 87% tax bracket. At least according to the check (I presumably will get) for the stock I surrendered from this whole being acquired thing.

Yes, that's right. Of the $X I had in Neolinear stock, I am receiving 13% of it. Everyone else here is in a similar situation. A few people -- mostly those here less than a year -- ended up *owing* money on their stock. And, no, nobody here is pleased about this news.

(Most of the money is being withheld in various escrows, actually; governmental taxes were about 35%. However, I am pessimistic about seeing anything from the escrow funds.)

On the bright side, there are no golden handcuffs anymore.

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