Owed a billion dollars in Nvidia stock(colo.to)
1059 points by Eric_Gullichsen 16 days ago | 447 comments
tl;dr: An early NVIDIA technical advisor from 1993 discovered decades later that his stock options should have vested over four quarters, not four years as the company claimed at the time, leaving him short 9,375 shares—now worth roughly $1 billion after splits. Though NVIDIA didn't dispute the authenticity of the original option agreement, his attorneys concluded the statute of limitations made litigation futile after 30 years. He shares the story as a cautionary tale about promptly enforcing contractual rights.
HN Discussion:
  • ↓The author's claim is based on a paperwork discrepancy, not a clear entitlement Nvidia is dodging
  • ↓Statutes of limitations exist for good reason and are necessary for society to function
  • ↓Author is responsible for asserting rights on time; expired options are simply expired
  • ~Fair remedy would be 1996 share price plus inflation, not current valuation
  • •Fun anecdote reminiscent of other 'what if I had held' financial regret stories